Apple gained nearly $1 trillion in market capitalization this year

The apple firm started this year witha sharp drop in its market capitalization, but the companyquickly caught up over the months.

The company has come close to its historic peak

The day before yesterday, Tuesday, December 5, Cupertino closed its day on the stock market at around three trillion dollars, this had not happened since August 1 (share price on the day:195,61 $). This milestone was reached for the first time on June 30 (193,97 $), etApple broke its all-time closing record a few weeks later, on July 31(196,45 $). Apple had also almost reached the threshold of 3000 billion in January 2022, but the market cap had fallen back below before the close.

Regarding thefence, this is thetime of day when the stock market closesand where no more transactions (trades) can take place. Because investors can no longer buy shares during these hours, the market cap of listed companies no longer fluctuates. This makes the market capitalization at the time of closing a more stable data than a peak reached temporarily during the day.

As a reminder, market capitalization, or market cap, is a measure used to assess the total value of a company listed on the stock exchange. It is calculated by multiplying the current share price by the number of shares outstanding. Concerningthe record close of December 5, she made herself$194.70 per share, for a total ofapproximately 15,599,434,000 shares outstanding. By multiplying these two figures, we obtain more than 3000 billion capitalization.

Although it gives an idea of the importance of a company, market capitalization does not truly reflect its overall financial health. In the case of Apple, however, there is no need to worry on this front, on the contrary, it is one of the most profitable companies in the world, ahead of its competitors.MicrosoftetGoogle.

Who is more profitable than Apple?

According to the analysis ofForbes, there is one company that is far ahead of all others in terms of profitability, it isSaudi Aramco, the Saudi oil company. Despite a market capitalization lower than Apple, it isalmost twice as profitablethan the firm. But the merit is obviously not the same, the iPhones do not come (directly) from the ground.