This mobile phone giant has a market value of over 3 trillion US dollars, which is equivalent to the world's fifth largest economy. Only by closely following it can it find a way out as a shielding material

According to CNBC on January 3rd, Apple became the world's first company with a market value exceeding $3 trillion during intraday trading. If we compare this value with the GDP of various countries around the world in 2020, then Apple's size exceeds that of the UK, second only to Germany, and is equivalent to the world's fifth largest economy.

Screenshot of CNBC report

Apple's stock price hits new high, breaking record on the first trading day of the new year

According to reports, on the first trading day of 2022 (3rd), Apple's stock price rose to $182.86 per share, with its market value exceeding $3 trillion. Apple's stock price rose to a high of $182.88 per share during the trading session, and then closed at $182.01 per share.

Since breaking through the trillion dollar mark for the first time, Apple's market value has tripled in less than 4 years: on August 2, 2018, during trading, Apple's market value exceeded 1 trillion dollars; On August 19, 2020, based on stock price, Apple's market value exceeded $200 million.

Wind screenshot

CNBC reported that Apple's stock price rose by 34% in 2021. Thanks to Apple's beautiful balance sheet and amazing cash flow, it is now becoming a safe haven for investors. And many analysts are also quite optimistic about it.

Morgan Stanley analyst Katy Hubert recently raised the company's target price for Apple stock from $164 to $200. She believes that when Apple releases augmented reality and virtual reality products, its stock trading price will be even higher; Wedbush analyst Dan Ives also believes that this upward trend will continue.

3 trillion US dollars, equivalent to the fifth largest economy in the world

If we use the 2020 global GDP figures released by the World Bank as a reference, then Apple's market value is second only to the United States ($20.9 trillion), China ($14.7 trillion), Japan ($5.06 trillion), and Germany ($3.85 trillion), equivalent to the world's fifth largest economy.

This number exceeds the 2020 GDP of countries such as the UK, India, France, Italy, Canada, and South Korea.

Screenshot of the World Bank website

In the eyes of foreign media, the soaring market value of Apple is inseparable from the hot sales of its products. CNBC pointed out that although there has been significant growth in revenue from services and other sectors, the iPhone series products remain Apple's most important source of sales revenue. According to analyst Huberti, the shipment of iPhones in the December quarter (Q4) is expected to reach 83 million units, which is 3 million units more than expected.

It is worth mentioning that the Chinese market is really popular for Apple.

In November last year, market research firm Counterpoint Research released data showing that, driven by the iPhone 13 series, Apple's overall sales in October of that year increased by 46% month on month, the highest growth rate among all mobile phone manufacturers in China. This helped Apple surpass Vivo and become the largest smartphone manufacturer in the Chinese market for the first time in six years.

IPhone sales topped the Chinese market in December 2015. But since the Mate8 became a hot seller and Huawei won the first place in the Chinese market, Apple has never won the first place in the Chinese market again. Against the backdrop of the unreasonable suppression of Huawei by the United States, Apple's smartphones have made a lot of money in the Chinese market in 2021 and have once again topped the charts.