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Apple’s market value returns to the world’s largest at $2.23 trillion

Andrew 06/22/2022 1 min read

It is understood that on January 4, 2022,Apple’s stock price once hit a record high of $182.88 per share, and its market value exceeded $3 trillion for the first time.This is not only the world’s first 3 trillion market value, but also the GDP of the fifth largest economy in the world.

Apple Inc. reached a market value of $1 trillion in intraday trading on August 2, 2018, becoming the first U.S. public company to reach a market value of $1 trillion. Just two years later, on August 19, 2020, its market cap reached $2 trillion.

In the early morning of May 12, Beijing time, the three major U.S. stock market indexes closed down collectively. The Nasdaq, which led the decline, closed down 3.18% at 11,364.24 points, hitting a new closing low since November 3, 2020.

Among them, technology stocks were the hardest hit, with Apple down 4.4% to $147.53, with a market value of 2.38 trillion US dollars, the throne of the world’s largest market value was snatched by oil giant Saudi Aramco.

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