Apple's intraday market value broke $3 trillion for the first time, equivalent to the world's fifth largest economy

2022-01-04

On January 3 US Eastern time, Apple's share price once exceeded US $182.856 and its market value briefly exceeded US $3 trillion, making it the first American company with a market value of US $3 trillion, higher than the total market value of the German stock market and the size of the British economy. On the same day, Apple shares closed at $182.01, up 2.5%. If Apple is compared to a country with a market value of more than $3 trillion, it means that Apple will become the world's fifth largest economy. Although Apple's rise narrowed slightly to the close, with a market value of slightly less than $3 trillion at the close, the intraday rise in market value is still a symbolic milestone, indicating that investors are still optimistic about Apple's stock and its growth ability. Apple's market value reached US $1 trillion in intraday trading on August 2, 2018, becoming the first US listed company with a market value of US $1 trillion. Only two years later, on August 19, 2020, its market value reached $2 trillion. In 2021, Apple's share price rose 34%. (Xinhua News Agency)

Edit:Li Ling    Responsible editor:Chen Jie

Source:Knews

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