Apple starts the new year under the best auspices: it runs to Wall Street and arrives to break through the 3 trillion dollars of market capitalization, thus crowning the gallop driven by the pandemic that saw it protagonist along with the other technological giants.
Rising above $ 182.85 per share, Apple became the first company to cross the $ 3 trillion mark. Since the beginning of 2021, Cupertino has gained 38%, with its stocks more than tripling from the lows reached in March 2020. Since the beginning of October alone, Apple’s market capitalization has risen by $ 700 billion with investors who have continued to bet on the popularity of its products and its balance sheet strength. The Cupertino rally has been going on for years: in mid-2018 it exceeded 1 trillion, in August 2020 2,000.
And now the 3,000 billion compared to the 2,500 from Microsoft and the 2,000 from Google and Aramco.
Tesla is also running on Wall Street in the first session of the year. The electric car giant earns up to 12.13% with better than expected delivery results. In fact, in the fourth quarter Tesla delivered 308,600 vehicles for a total of 936,000 cars in 2021, 87% more than the previous year’s levels.
Figures that show the strength of the electric car giant in the face of the global shortage of chips and that push the titles to Wall Street despite the controversial announcement of the opening of a showroom in Xinjiang, China, the area where Beijing is accused of human rights abuses on Uyghurs. In recent weeks, US President Joe Biden signed a bipartisan provision that bans the import of products from the region unless companies are able to prove that the materials used are not the result of forced labor.
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Source From: Ansa
I have been working in the news industry for over 10 years now and I have worked for some of the biggest news websites in the world. My focus has always been on entertainment news, but I also cover a range of other topics. I am currently an author at Global happenings and I love writing about all things pop-culture related.
