The share price of Apple has continued its rapid rise and became a 2 trillion dollar company today, yes that’s not 1 but 2 trillion dollars.
Apple is now the most valuable company in the world as shares touched $478.
Its hefty valuation looks more impressive when you consider that it comes two years after becoming a trillion dollar company back in 2018.
However it hasn’t all been plain-sailing this year for Apple – at the onset of the pandemic, shares fall to around $224 but have not looked back since – climbing month on month to today’s dizzy highs.
Part of the rationale for this surge is the growing appetite for all things technology – there is also a view that more people will demand higher quality phone devices as they become more distant from day-to-day interaction.
Amazon and Microsoft are also reaching new highs in share price, but have not rebounded as strongly as Apple since the start of pandemic. Microsoft currently has a m. cap of 1.6 trillion dollars to Amazon’s 1.65 trillion dollars.