Apple is getting closer to its record as market capitalization again surpasses $ 1 billion

21:03 12/09/2019

Ryan Vlastelica

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Apple's shares advanced for a fourth consecutive session Thursday, the iPhone maker has reached its highest level since October, investors continuing to be optimistic about the recent event about the company's products.

Shares gained up to 1.3% that day and rose nearly 17% from an August low. This rally puts the company at less than 3% below a record reached in October 2018.

With the movement of the day, Apple has further expanded its market capitalization above the 1 Trn threshold. When Apple closed in the 13-digit club Wednesday, it was the first time that he was doing it this year.

At current levels, Apple has a valuation of about $ 1.02 billion, which places it slightly under Microsoft, the largest US stock listed on the stock market, with a valuation of $ 1.05 billion.

Since the beginning of June, the value of Microsoft regularly exceeds $ 1 billion and exceeds that of Apple since the end of April.

At its product event earlier this week, Apple unveiled new versions of its cheaper iPhone than expected, as well as arcade and video streaming services, also considered inexpensive.

Bloomberg Intelligence wrote that the price of the iPhone was "likely to foster unit growth," while the Apple TV + service "could attract new users and attract more existing users into the ecosystem of the world. 39; Apple ".