Saad Ullah
Two years ago, the stock cap of Apple Inc. first reached $ 1 trillion. However, in terms of the relative size of the company, it didn't really matter.
Despite Apple's place among its peers being beyond comparison in August, the entire industry had grown. As a result, their S&P 500 weightings are similar to those of past titans, including Exxon Mobil Corp. and IBM Corp.
Cap on the market, nearly $900 billion, shifting later: the stock exchange price of Apple is approaching uncertain waters. With its weighting in the S&P 500, which more than doubled since last August, Apple dethroned IBM and became the biggest in the last 40 years.
The S&P 500 share of the iPhone manufacturer has surpassed the six percent mark set by IBM 35 years ago, as it is indicated by the data from S&P Dow Jones Indices and Bloomberg. The current market cap for Apple is $1,875 trillion; around 7% from $2,000 trillion.
Market experts see the company's capitalization being at the level of $2 trillion in the nearest future. Tom Forte of D. A. Davidson & Co. estimates that the price per share will be $480 next year. This goal is 9.4% higher than the current one, which is where the $2 trillion capitalization mark is located.
In the past seven days, Apple's shares have risen by 18%. This is the highest increase since 2009. Apple added $570 billion to its capitalization, which is more than the total value of all companies in the S&P500 index, except for four.
Some industry analysts tend to wonder whether the rate of change is sustainable. The company sold 33 times its earnings at a 30% premium to the S&P 500, which is a higher than many have seen in the past 10 years.
Nonetheless, Apple's shares remain the most popular among ordinary investors, especially in the Robinhood app.
Saad Ullah
