Apple, the world’s largest company by market capitalization, is getting closer and closer to achieving a new milestone, which would be to become the first company in the world to reach a market value of at least $ 3 trillion.
In this Tuesday’s session, Apple shares have reached an intraday high of $ 181.33, just 0.8 percent below the level of $ 182.86 necessary for the multinational to reach the threshold of the $ 3 trillion capitalization.
On August 19, 2020, Apple became the first listed US company to reach 2 billion dollars in valuation, just a few days after the second anniversary of the multinational’s conquest of a billion dollars in capitalization.
Before Apple, Saudi state oil company Aramco had briefly achieved a valuation of $ 2 trillion on December 12, 2019, a day after its IPO, although it was unable to maintain that value afterwards.
In case of reaching 3 trillion dollars, Apple would have tripled its value in just over three years, after the company reached for the first time a trillion dollars of capitalization on August 2, 2018, becoming the first company in more than a decade to do so, after PetroChina achieved a 13-digit capitalization after its debut on the Shanghai Stock Exchange in November 2007.
Apple shares accumulate a revaluation of almost 40 percent so far this year, settled above 180 dollars per share. In January 2007, after announcing the launch of the iPhone for June of that same year, Apple’s shares were trading below $ 9.
The Cupertino company debuted on the Stock Market on December 12, 1980 at a price of $ 22 per share and has since made five splits, so the IPO price adjusted for these divisions would be $ 0.10.