According to the Financial Times, Apple has a higher value than any major US energy company. Apple’s current market capital is worth $ 1.2 trillion. The announced $ 1.12 trillion value outperforms the energy sector in the S&P 500.
According to the report on Apple and the energy sector, oil prices have not improved since the last quarter of 2018, and a barrel price continues to fluctuate between $ 60 and $ 70. In general, natural resources have been overburdened by concerns about the decline in global growth, and the situation has become even worse with trade tensions between Washington and Beijing.
Apple has seen almost 70% improvement in share prices this year. Earlier this month, a new peak of $ 267.84 per share was recorded. It was a good thing for Apple that this development took place at a time when iPhone sales slowed down. It is clear that Apple wants iPhone sales to increase, but the rise of the company cannot be installed only on phones that are the main products. Apple owes this success to new wearable technological products, such as AirPods, which make it a bigger success.
AAPL is currently worth $ 267.25. This value is close to Apple’s highest share value, but not the company’s highest individual share value. AAPL’s highest individual stock value was $ 705, which was achieved in September 2012. Let’s add that Apple’s shares were divided by 1 in 7 in 2014. Accordingly, theoretically pre-divided stock values would now have a value of more than $ 1,870 .