Apple Inc about to have as much capital as the world’s fifth largest economy

Apple Inc is one step away from reaching $ 3 trillion in market capitalization, a milestone that would make it as big as the fifth largest economy in the world, behind Germany, less than a year after it surpassed the $ 2 trillion mark. Dollars.

The Actions from Apple they were up 1.6% to $ 174. Upon reaching US $ 182.85, they would reach the mark and culminate a strong rise driven by investors who bet on their brand and consider it a haven.

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The Actions they are up 30% this year, after rising 80% in 2020. By comparison, the S&P 500 is up 25% in the period.

Your peers in the trillion dollar club –Microsoft, Amazon, Alphabet and Tesla – have gained between 10% and 70%.

Source: Investing.com

“Apple It appears to be more immune to the ebb and flow of economic forces due to its strong branding. Their portfolio of new products is also very strong “said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown.

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Apple It reached $ 1 trillion in market capitalization in 2018 and took two years to double that valuation.

A Microsoft It is about $ 500 billion short of its market capitalization of $ 3 trillion.

With information from Reuters.

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