₦airaland Forum

Apple is the first company with a $US3 trillion stock market value, lifted by investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality.
Investors expect people to continue to pay top dollar for Apple products such as the iPhone. Photo: 123RF
On the first day of trading in 2022, the Silicon Valley
company's shares hit a record high of $US182.88
($NZ269.50), putting Apple's market value just above $3 trillion. The stock ended the session up 2.5 percent at $182.01, with Apple's market capitalisation at $2.99 trillion.
The world's most valuable company reached the milestone as investors bet that consumers will continue to shell out top dollar for iPhones, MacBooks and services such as Apple TV and Apple Music.
"It's a fantastic accomplishment and certainly worthy to be celebrated," said Jake Dollarhide, chief executive of Longbow Asset Management in Tulsa, Oklahoma.
"It just shows you how far Apple has come, and how
dominant it is seen as in the majority of investors' eyes."
Apple shared the $2 trillion market value club with
Microsoft, which is now worth about $2.5 trillion. Alphabet, Amazon and Tesla have market values above $1 trillion.
"The market is rewarding companies that have strong
fundamentals and balance sheets, and the companies that are hitting these sort of huge market caps have proven they are strong businesses and not speculation," said Scott Wren, senior global market strategist at Wells Fargo Investment Institute.
The rapid embrace of technologies such as 5G, virtual
reality and artificial intelligence has also helped these stocks become market darlings as investors moved towards cash- rich companies and away from businesses that have been more sensitive to economic growth.
In China, one of Apple's biggest markets, it continued to lead the smartphone market for the second straight month, beating rivals such as Vivo and Xiaomi, recent data from CounterPoint Research showed.
With Tesla now the world's most valuable automaker as Wall Street bets heavily on electric cars, many investors expect Apple to launch its own vehicle within the next few years.
"The icing on the cake, which may turn out to be the cake, is the potential for an EV car," Rhys Williams, chief strategist at Spouting Rock Asset Management said.

To put it in perspective, Apple Market value is about 6times the GDP of Nigeria ($514 . 05billion) and about $600million larger than the GDP of the entire African continent.($2,469.66trillion )

I thought I heard someone say Nigeria is a rich country? ���



Reuters

https://www.rnz.co.nz/news/world/459048/apple-becomes-first-company-to-hit-us3-trillion-market-value

amazing

blueAgent:
Apple is the first company with a $US3 trillion stock market value, lifted by investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality.
Investors expect people to continue to pay top dollar for Apple products such as the iPhone. Photo: 123RF
On the first day of trading in 2022, the Silicon Valley
company's shares hit a record high of $US182.88
($NZ269.50), putting Apple's market value just above $3 trillion. The stock ended the session up 2.5 percent at $182.01, with Apple's market capitalisation at $2.99 trillion.
The world's most valuable company reached the milestone as investors bet that consumers will continue to shell out top dollar for iPhones, MacBooks and services such as Apple TV and Apple Music.
"It's a fantastic accomplishment and certainly worthy to be celebrated," said Jake Dollarhide, chief executive of Longbow Asset Management in Tulsa, Oklahoma.
"It just shows you how far Apple has come, and how
dominant it is seen as in the majority of investors' eyes."
Apple shared the $2 trillion market value club with
Microsoft, which is now worth about $2.5 trillion. Alphabet, Amazon and Tesla have market values above $1 trillion.
"The market is rewarding companies that have strong
fundamentals and balance sheets, and the companies that are hitting these sort of huge market caps have proven they are strong businesses and not speculation," said Scott Wren, senior global market strategist at Wells Fargo Investment Institute.
The rapid embrace of technologies such as 5G, virtual
reality and artificial intelligence has also helped these stocks become market darlings as investors moved towards cash- rich companies and away from businesses that have been more sensitive to economic growth.
In China, one of Apple's biggest markets, it continued to lead the smartphone market for the second straight month, beating rivals such as Vivo and Xiaomi, recent data from CounterPoint Research showed.
With Tesla now the world's most valuable automaker as Wall Street bets heavily on electric cars, many investors expect Apple to launch its own vehicle within the next few years.
"The icing on the cake, which may turn out to be the cake, is the potential for an EV car," Rhys Williams, chief strategist at Spouting Rock Asset Management said.

To put it in perspective, Apple Market value is about 6times the GDP of Nigeria ($514 . 05billion) and about $600million larger than the GDP of the entire African continent.($2,469.66trillion )

I thought I heard someone say Nigeria is a rich country? ���



Reuters

https://www.rnz.co.nz/news/world/459048/apple-becomes-first-company-to-hit-us3-trillion-market-value

NVIDIA now has larger market cap. It’s crazy to think that companies have a larger market cap than all of Africa yet many Africans act like their relevant on the global stage.

Sladem05:
NVIDIA now has larger market cap. It’s crazy to think that companies have a larger market cap than all of Africa yet many Africans act like their relevant on the global stage.

True.
Clowns keep fooling themselves with the idea that they have the most mineral resources, why their peers are creating worldclass multi generational wealth and companies.

blueAgent:
True.
Clowns keep fooling themselves with the idea that they have the most mineral resources, why their peers are creating worldclass multi generational wealth and companies.

I could go as far as saying that there are even individuals that are richer than African countries which is crazy.

https://en.m.wikipedia.org/wiki/Economy_of_Nigeria

https://www.forbes.com/real-time-billionaires/#73fbdd3c3d78

Musk is around $5 billion off Nigeria’s entire GDP.

The 5 richest men of America are around alone 1/3rd of Africa GDP. Africa is a crime scene and what’s painful is the natural resources that Africa has, yet it doesn’t know how to use them. The Chinese, Russians and Westerners use it instead.

Sladem05:
I could go as far as saying that there are even individuals that are richer than African countries which is crazy.

https://en.m.wikipedia.org/wiki/Economy_of_Nigeria

https://www.forbes.com/real-time-billionaires/#73fbdd3c3d78

Musk is around $5 billion off Nigeria’s entire GDP.

The 5 richest men of America are around alone 1/3rd of Africa GDP. Africa is a crime scene and what’s painful is the natural resources that Africa has, yet it doesn’t know how to use them. The Chinese, Russians and Westerners use it instead.

True.

Africa is a big mistake.

I think our problem has to do with IQ.
Google IQ and development of a Nation.

blueAgent:
True.

Africa is a big mistake.

I think our problem has to do with IQ.
Google IQ and development of a Nation.

They are crazy and Africa is truly a crime scene, even the high brow areas of Africa are still third world. You see a politician with a heavily armed convoy of luxury cars passing by beggars, crippled people and starving children. The continent is sick.

Sladem05:
They are crazy and Africa is truly a crime scene, even the high brow areas of Africa are still third world. You see a politician with a heavily armed convoy of luxury cars passing by beggars, crippled people and starving children. The continent is sick.

True.

The Fools would keep blaming the West and colonization, while the rest of the World have moved on.

blueAgent:
True.

The Fools would keep blaming the West and colonization, while the rest of the World have moved on.

Don’t mind them, was Africa the only part of the world to be colonised?

Sladem05:
Don’t mind them, was Africa the only part of the world to be colonised?

I wonder.

Singarpore, Malaysia, Cyprus, Brazil, Argentina, Qatar, Kuwait, UAE , E.t.c

They are all ex -colonies but they are doing well, only Africans would be complaining.