Apple became the first company to reach a capitalization of 3,500 billion USD

After Apple introduced Apple Intelligence last month, its stock price began to rise sharply. On July 10, Apple just reached its all-time highest company value of 232 USD/share at the close of the session, pushing its total market capitalization to more than 3,500 billion USD. Apple is the first business in the world to achieve this achievement.

Apple had a difficult start at the beginning of this year, iPhone sales dropped sharply in China, faced more sanctions from the EU, Vision Pro glasses were not well received and there was a lot of bad news surrounding it.

But after the WWDC event in June, the company introduced a new software suite for devices in the ecosystem with the Apple Intelligence tool, the situation began to change rapidly.

Recently, Apple also announced a partnership with OpenAI, bringing ChatGPT to the iPhone, iPad, and MacBook operating systems.

Apple became the first company to reach a capitalization of 3,500 billion USD Picture 1

Microsoft, Apple's big rival, through huge investments from 2023, ranks right behind the company with a total market capitalization of 3.465 billion USD.

NVIDIA also reached a capitalization of more than 3,000 billion on June 6. And by June 20, this semiconductor company reached the milestone of 3,340 billion USD, officially taking the position of the most valuable company in the world.

In recent months, these three technology giants have been in close pursuit in the battle for the position of the world's most valuable company. Forecasts show that this Big-3 will soon reach a capitalization of 4,000 billion USD.

Marvin Fry

Update 12 July 2024