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What a trick! It’s the first time a company is worth more than three trillion dollars on the stock market. Shares of Apple rose 1.5 percent on Friday, maintaining their record price. Apple’s share price hit a record high of just over $190. Market capitalization briefly hit over three trillion dollars yesterday. But at the end of the trade, the price was still below that.
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However, that may not be all. Analyst firm Wedbush sees even more potential for the world’s most valuable company and dares to make a prediction: “We assume that Apple’s fair valuation could be around US$3.5 trillion, with an upward rating of US$4 Trillion. Fiscal year 2025,” he says. analyst Dan Ives to Portal Börse-Online.
Apple is no stranger to commerce. As early as December 12, 1980, the company dared to go public in New York. At the time, it was still at a low purchase price of $22 per share. In 2018, the US group exceeded US$ trillion in market capitalization. Accordingly, it proceeded rapidly. As early as 2020, the stock market value had hit over two trillion US dollars. (be)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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