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Apple Nearing A $3T Valuation – $AAPL $MSFT

By John F. Heerdink, Jr.

Reportedly, Apple Inc. (AAPL) may soon achieve the lofty valuation of $3 trillion, which would make it as big as the world’s fifth-largest economy after Germany, just over a year after breaching the $2 trillion mark. Apple hit $1 trillion in market capitalization in 2018 and took two years to double that valuation.

Earlier this year, Apple briefly lost its title as the most valuable company to Microsoft Corp (MSFT) after CEO Tim Cook’s raised supply chain woes and the struggle to procure semiconductors and components to fulfill smartphones and laptops demand. Microsoft is about $500 billion short of reaching $3 trillion in market capitalization at the moment.

“Apple does seem to be more immune to the ebb and flow of economic forces just because of this really strong brand. It’s new product pipeline is pretty strong too. There is an expectation that Apple is still going to come for you even though there have been some weaknesses in getting hold of the handsets and making sure that they’re available for the public, ” stated Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown.

Dow 30 component Apple (AAPL) has revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it. To learn more about Apple (AAPL) and track its ongoing progress at Vista Partners Apple (AAPL), Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Apple inches closer to $3 trillion market cap in Reuters)


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