Stainless, Apple returns to the bar of 3000 billion dollars on Wall Street

by time news

2023-06-30 17:58:38
Pair Lucas Mediavilla

Published on 06/30/2023 at 15:53, Updated on 06/30/2023 at 17:58

The American digital giant has once again crossed the symbolic threshold of 3 trillion dollars in stock market valuation. MIKE SEGAR / REUTERS

ANALYSIS – The group is benefiting more than ever from its breakthrough in services, which offset slightly weaker product sales in recent months.

Apple clings to its dream of 3000 billion capitalization on Wall Street. After having already punctually reached this target on the stock market during a session in January 2022, then in January 2023, the Californian manufacturer hopes to close this Friday evening its first session on this stock market Everest.

The American group, whose market capitalization is equivalent to the French GDP (or to the level of its public debt), is stainless. Despite the bad weather warning that has reigned over tech for several months now, Apple has seen its stock price rise by 53% since the start of the year. A performance that is all the more remarkable as the American group has not played the one-upmanship of announcements concerning artificial intelligence from which its competitors have largely benefited on the stock market.

Apple is suffering like other consumer electronics groups from the drop in demand for its flagship products such as the iPhone, iPads and even its Macs. In its last published quarterly…

This article is for subscribers only. You have 73% left to discover.

Flash Sale -70%

Offer available until July 2. Without engagement.

Already subscribed? Login

#Stainless #Apple #returns #bar #billion #dollars #Wall #Street

You may also like

Leave a Comment