Apple's capitalisation comes close to the $3 trillion mark - for the second time in 2023
Apple is poised to become the first US company with a market capitalisation of $3 trillion, and this week the Cupertino-based manufacturer came very close to the psychological threshold.
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Apple has technically already surpassed the $3 trillion mark, which happened in early 2023. In trading on 3 January, capitalisation briefly topped $3 trillion, but failed to hold steady.
This week's trading ended with Apple's share price increasing by a modest 0.63%. This brought the value of the securities to $189.25 apiece and the market capitalisation to $2.98 trillion.
Overall, the Cupertino-based company is doing well in 2023, but despite the problems that arose over the winter due to the COVID-19 outbreak in China. Apple shares have more than doubled in value (51%) since 1 January. Viewed in a vacuum, this is a good gain. However, NVIDIA securities have nearly tripled in value over a similar period of time.
Investors see Apple's assets as a safe investment. Moreover, Wedbush Securities experts predict that within a couple of years the company's capitalization will reach $4 trillion, and by the end of 2023 the services will bring $100 billion in revenue. Expectations are also high for the announcement of the iPhone 15, which will take place in early autumn.