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Home Market dynamics

Apple moves closer to reaching $1 trillion market capitalization

Author: Mash Yang
2017-05-09
in Market dynamics, apple
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After reaching a market capitalization of $7750 billion at one point, Apple's stock price earlier rose to $153.44 per share, leading the market to estimate that Apple's current market capitalization is approximately $8000 billion.

Apple moves closer to reaching $1 trillion market capitalization

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According to Brian White, an analyst at investment bank Drexel Hamilton, Apple's current market value is estimated to be approximately $3.05 billion, based on a 153.44% increase in Apple's stock price to $8000 per share. This is the first time that Apple's market value has exceeded the $7750 billion record, having previously reached $8000 billion, making it the world's most valuable listed company.

As for Brian White's increase in Apple's stock price growth valuation to $202 per share, it is estimated that Apple's market value will grow to $1.053 trillion in the next year, and it is expected to become the world's first listed company to reach the $1 trillion milestone.

Prior to this, Apple and Google's parent company, Alphabet, had been competing for market capitalization growth. With Apple recently reaching the $6000 billion market capitalization milestone, Alphabet's market capitalization also officially crossed the $6000 billion mark. However, Apple's market capitalization has clearly grown significantly again. Currently, Microsoft is ranked third by market capitalization, followed by Amazon and Facebook.

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Tags: appleMarket value
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Mash Yang

Mash Yang

Founder and editor of mashdigi.com, and student of technology journalism.

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