• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, June 23, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Apple close to $3 trillion market cap

by Ayush Bansal
December 11, 2021 - Updated On December 15, 2021
in Business, Markets, News
Reading Time: 2 mins read
0
How to pay apple card bill

NEW YORK, NY - OCTOBER 05: The Apple logo is seen hanging inside the Apple store on West 66th Street on October 5, 2011 in New York City. Jobs, 56, passed away October 5, 2011 after a long battle with pancreatic cancer. Jobs co-founded Apple in 1976 and is credited, along with Steve Wozniak, with marketing the world's first personal computer in addition to the popular iPod, iPhone and iPad. (Photo by Andrew Burton/Getty Images)

TwitterWhatsappLinkedin

The American tech giant Apple could soon be the first U.S. company to reach a market capitalization of 3 trillion dollars just over a year after it surpassed two trillion dollars.

You might also like

Texas Enacts Statewide Ban on Student Cellphone Use During School Hours

FBI Warns Americans to Delete Fraudulent DMV Scam Texts Amid 700% Surge in Attacks

Frederick W. Smith, FedEx Founder and Visionary, Dies at 80

Apple became the world’s most valuable business thanks to a steady stream of products that have captivated consumers. Now, with markets wobbling because of concern that higher interest rates and the coronavirus will undermine economic growth. Investors view the company as a relatively safe place to park their money thanks to its consistent sales growth and hefty cash balance.

Apple
Image Credits: Apple

The shares of Apple were up 1.6% at $174. They need to trade at $182.85 to hit the mark and cap a strong rally that has been powered by investors betting on its brand and viewing it as a comparative haven. To hit three trillion, it needs to rise less than 4-and-a-half percent more.

Since the end of the 1990s, Apple shares have returned a whopping 22 000%, equal to about 28%/year. The S&P 500 has returned 7.5% annually in the same period. A few other tech stocks have done better — Nvidia, a maker of graphics processing chips, has returned 31% annually. While streaming giant Netflix is up 39%/year since its 2002 initial public offering — but Apple dwarfs them both in size.

The iPhone maker jumped 3.5% to $171.18 on Tuesday to lead the advance in the Nasdaq 100 and S&P 500 stock indexes. The Cupertino, California-based company trades at 30 times profit projected over the next 12 months, compared with an average of 22 times for companies in the S&P 500.

“Apple does seem to be more immune to the ebb and flow of economic forces just because of this really strong brand. Its new product pipeline is pretty strong too,” Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown said.

“There is an expectation that Apple is still going to come for you even though there have been some weaknesses in getting hold of the handsets and making sure that they’re available for the public.”

In January Hyundai and Kia were linked to a possible deal to help Apple build its car. But the collaboration seemed to fall apart after the automakers let word slip of the team-up.

That doesn’t mean Apple gave up on its effort, with the company pushing forward with its plans on its own for now. It’s still unclear when we’ll see an Apple Car, with potential timelines ranging from five to 10 years.

Then there’s Apple’s AR/VR headset and glasses. The company is reportedly preparing to put out a version of its headset sometime in 2022, with a pair of glasses coming sometime later.

Now investors can’t get enough of the stock. In a sign that mom-and-pop traders are chasing Apple, short-term bullish call options saw extreme buying activity. Four of the 10 most-active options contracts on US exchanges on Tuesday were calls on the iPhone maker.

Tags: AppleApple market capBusinessMarket
Tweet54SendShare15
Previous Post

Candlesticks Vs Order Books: Which is Better?

Next Post

Shiprocket to raise $185 million in Series E round from Zomato, Temasek and others

Ayush Bansal

Recommended For You

Texas Enacts Statewide Ban on Student Cellphone Use During School Hours

by Harikrishnan A
June 23, 2025
0
Can the iPhone Be Made in America? Trump Thinks So — But Reality Tells a Different Story

A new law in Texas is about to change what school days look like for thousands of students. Signed by Governor Greg Abbott, House Bill 1481 (HB 1481)...

Read more

FBI Warns Americans to Delete Fraudulent DMV Scam Texts Amid 700% Surge in Attacks

by Harikrishnan A
June 23, 2025
0
FBI Warns Americans to Delete Fraudulent DMV Scam Texts Amid 700% Surge in Attacks

A new wave of scam text messages pretending to be from state Departments of Motor Vehicles (DMVs) is sweeping across the United States, prompting a serious warning from...

Read more

Frederick W. Smith, FedEx Founder and Visionary, Dies at 80

by Harikrishnan A
June 23, 2025
0
Frederick W. Smith, FedEx Founder and Visionary, Dies at 80

Frederick W. Smith, the man who forever changed how the world sends and receives packages, has passed away at the age of 80. Known as the founder of...

Read more
Next Post
Shiprocket official logo

Shiprocket to raise $185 million in Series E round from Zomato, Temasek and others

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?