Apple reaches market value of over a trillion dollars

Author: Mario Schmidtgen
Date: 07.08.2018

First US trillion dollar group

The enterprise value of the Apple Group has now climbed to over a trillion dollars. Thus, the company is the first US Company with a market value to that extent.

For months, the Apple share was about 140 euros, from April this year, it rose significantly. At the market close on August 3, the value of the stock was 178.63 euros. This is a new record, equivalent to more than 200 US dollars. According to market experts, Apple and the other top 5 companies in the tech industry Amazon, Alphabet, Microsoft and Facebook embody real values, making the respective share price justified.

Months ago, Apple was awarded the title of Most Valuable Company in the World. Now the company shows that they earn this title. Apple’s latest quarterly profit was $ 11.5 billion. However, critics warn against a bottleneck on ideas. In 2007, the first iPhone was launched and is considered as the most important product of the manufacturer. The Apple Watch has also managed to rank the first place in the comparatively small market of smartwatches. But Apple has not presented any similar successful technology since the iPhone. According to rumors, Apple Augmented Reality glasses have been in development for some time.