Since last spring, Apple’s share has increased in value by 150%, despite the difficulties caused by the ongoing pandemic.
During Friday’s trading on the US Nasdaq stock exchange, the stock traded at a peak of $139.85, the highest listing so far in the company’s 45-year history.
This means Apple’s market capitalisation is now up to a staggering $2.34 trillion (roughly £1.7 trillion), by far the highest value that any company has achieved. Some indication of how quickly the company’s value has grown can be gleaned from a prediction last summer that Apple would be worth $2 trillion by around 2024. Indeed, it passed the trillion mark as recently as 2018.
By comparison, rivals Microsoft and Amazon are valued at $1.7 trillion and $1.65 trillion respectively. Google, meanwhile, is worth $1.28 trillion, while Facebook is “only” worth $782bn.
If you’re considering a dip into the stock market, read our guide to buying Apple shares.
This article originally appeared on Macworld Sweden. Translation by David Price.