After two turbulent days, Apple has broken the record as the first public company in the United States to reach the $2.5 trillion market capitalization mark.
The Cupertino company has finally achieved a new record related to the value of its shares.
As AppleInsider reports, the Cupertino giant's shares rose more than 2% during trading hours yesterday, July 14. This promoted an unprecedented market valuation of more than $2.5 billion. Recall that in August 2020 Apple hit the 2 billion.
The company's stock has been on the rise, and as of the start of 2021, it is up 14.33%. Right now, the Cupertino giant is the only U.S. publicly traded company capable of surpassing the $2.5 trillion Market Capitalization valuation mark.
Apple grows every day
According to Tech Timesseveral analysts were predicting that Apple would be able to reach the $3 trillion market capitalization mark. Prior to the various launches the company has undertaken over the past year, analyst Gene Munster noted in August 2020 that, with 5G and other health-related features, the company had a "pretty clear path" toward that estimated value.
Although Apple's sectors have known a slowdown, after the official announcement of its range with the M1 SoC, the company has seen an increase in Mac sales. More than that, despite the pandemic, the world met the iPhone 12 and it is then the best-selling 5G phone in the world.
Since the $2 billion Market Capitalization milestone, Apple has introduced products such as Apple Fitness+ in the Apple One bundle, new AirTags, a redesigned 24-inch iMac, and the brand's 4k TV.
Now, Apple has not been standing still, and the efforts seem to have paid off.