The share price of the iPhone group fell by almost 9 percent Apple on Thursday to. In the midst of the global price fireworks, which the stock exchanges as a result of the decreasing inflationary pressure in the United States ignited, that wasn’t even particularly noteworthy: Other technology heavyweights like Tesla, meta or Microsoft climbed between 6 and 9 percent, the retail giant Amazon even increased by double digits.
What makes the difference at Apple, however, is that the iPhone group had not previously suffered as much from the tech crash of the past few months as the competition. While tech giants like Tesla or Amazon (as of Wednesday) had lost between 35 and 50 percent in value since the beginning of the year, Apple was able to keep its losses within limits at around 25 percent. With the price rally on Thursday, Apple reduced its losses in this stock market year to around 17 percent.
Apple is currently the most valuable stock exchange company in the world, and a jump in the price of such a stock market heavyweight has – calculated in dollars – of course a greater impact than in the case of a company that weighs less on the stock market. Before Thursday’s memorable stock market rally, Apple’s market cap was about $2.15 trillion, and now it’s about $191 billion. This is the highest increase that a company has ever achieved on the stock exchange within one day.
With a current market value of around 2.3 trillion dollars, Apple has thus consolidated its position as the most expensive company in the world – ahead of the oil company Saudi Aramco and ahead of US competitor Microsoft.
Apple has experience with records. The iPhone group was the first company in early 2021 to surpass the $3 trillion mark in market value. According to calculations by Reuters, since January 2007, when Steve Jobs introduced the first iPhone, Apple has experienced a price increase of 5800 percent until it reaches the 3 trillion dollar mark.
In the meantime, Apple has also left the stock market darling Tesla clearly behind. Tesla’s market value had also grown extremely in 2020 and 2021, but Tesla’s market value has at times almost halved again since the beginning of 2022. Investors worry that Tesla boss Elon Musk a part of Twitter-Take over by Sales of Tesla shares funded.