Apple shares almost doubled in a year

Apple shares almost doubled in a year

The value of shares of the American company Apple for the first time exceeded the mark of $ 300. It is reported by the Financial Times.

At the beginning of 2019, Apple’s stock price was about $ 157, and in the early days of 2020 was $ 300.35. The publication notes that Apple’s market capitalization reached $ 1.33 trillion, which exceeds Microsoft’s $ 1.23 trillion, and makes Apple the most valuable American company.

Wedbush Securities analyst Daniel Ives explained Apple’s success in 2019 was a successful start to sales of the iPhone 11s series of smartphones and the settlement of a long-standing lawsuit with chip maker Qualcomm.

As MAGNEWS previously reported, in August 2018, Apple became the first company in the world with a market capitalization of more than $ 1 trillion.

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