According to reports, after two days of rising, Apple’s share price hit a record high, with a market value of $2.5 trillion in intraday trading on Wednesday. On Wednesday, local time, the Cupertino technology giant’s stock price rose more than 2%, and its market value exceeded the $2.5 trillion mark for the first time. It was less than a year since Apple’s market value reached $2 trillion. The company is the first listed company in the United States with a market value of over US$2.5 trillion.
In early July, the company’s stock price hit a record high in a rebound that lasted for several weeks. Since the beginning of 2021, Apple’s stock price has soared 14.33%. On August 19, 2020, Apple’s market value reached $2 trillion for the first time. Subsequently, after a massive sell-off in technology stocks, the index fell but rebounded on September 4, 2020.
Although the company announced its plan to enter Apple Silicon at the Worldwide Developers Conference (WWDC) in June 2020, it did not really launch the first M1 series until it exceeded $2 trillion. Technological advancements in this range have been praised by critics and helped Apple see an increase in Mac sales, although sales of other products in the industry are slowing.
Apple subsequently launched the iPhone 12 series that was affected by the new crown pneumonia. This huge success is known as the supercycle of iPhone sales and became the world’s best-selling 5G mobile phone shortly after its release. Since the market value reached 2 trillion US dollars, Apple has also launched Apple One package services, including Apple Fitness+.
Despite the new crown pandemic, the company has pushed for more hardware releases. In addition to the new AirTags, Apple also introduced a revised iPad Pro, Apple TV 4K and a redesigned 24-inch iMac. Even before every successful release, analysts predict that Apple’s market value will reach $3 trillion. Analyst Gene Munster said in August 2020 that with 5G and health features, Apple has a clear path to this value.