World, As Seen from the most beautiful islands: Ireland and Cyprus

Apple cap reaches three trillions dollar height


Apple is the first American company to be listed on the stock exchange with a value of more than 3 trillion dollars (over 2.7 trillion euros). The share of the tech concern has been hiccuping at the record limit for some time.

This year, a share of Apple became worth 49 percent more. That means $ 984 billion in value has been added since January 1.

On Friday morning, Apple was already above $ 3 trillion. In the end, the share closed 2.3 percent higher and came to a market value of 3.052 billion dollars.

Other large companies also made a profit. For example, NVIDIA recently became worth more than $ 1 trillion. The stock market value rose 3.6 percent. That was mainly due to the opportunities for the company in the field of artificial intelligence (AI).

Video streaming service Netflix became worth 2.9 percent more, and Facebook parent Meta Platforms, Microsoft and Amazon advanced by up to 1.9 percent.

There were also losers on the trading floor. Sports brand Nike contributed 2.7 percent. The US sporting goods brand saw sales increase last quarter, but profits were under pressure. Nike still has too many stocks and has to give discounts to eliminate the excess stock. For the first time in three years, Nike did not meet the expectations of Wall Street analysts.

Written by: Liam O'Reilly

Liam O'Reilly is the founder of the publication, a former analyst at a major reputation agency in the UK, who chose Cyprus as his home.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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