After a few months of pandemic-related turbulence, Apple’s share has recovered with flying colours. Following Thursday’s quarterly report, new records have been reached.
During Friday’s trading on the US Nasdaq stock exchange, Apple stock was traded at $425 each, the highest listing so far in the company’s 44-year history.
While this has been going on, Apple’s market capitalisation has increased to $1,842bn, increasing the distance to rivals Amazon and Microsoft. At time of writing these are valued at $1,576bn and $1,547bn respectively.
Google, on the other hand, is worth $1,014bn, while Facebook is “only” valued at $719.3bn.
Apple broke the $1.5 trillion milestone as recently as June. Around the same time an analyst forecast that the company would reach $2 trillion within four years, but Apple has got well over halfway there in two months.
This article originally appeared on Macworld Sweden. Translation by David Price.