Jobaaj Stories
Apple has made headlines by reaching a record-high market valuation, surpassing the French stock market.
Source: investmentnews
The tech giant, known for its iPhones and other products, now holds a staggering $3.1 trillion market value, making it the world's most valuable publicly traded company.
The combined market value of companies listed on the French stock market is approximately $3.2 trillion.
Read, “End Fossil Fuels”: COP28, All that happened at Dubai Summit
Apple's impressive achievement puts it ahead of all but the six largest stock markets globally, according to Bloomberg's index.
This isn't the first time Apple has outpaced the Paris stock exchange; a similar occurrence took place during last year's second-half selloff when central banks raised interest rates to combat inflation.
The French stock market recently hit a record high, driven by luxury goods companies like LVMH and Hermes.
Although these stocks faced a mid-summer dip, they have rebounded in recent weeks amid indications that inflation is easing and interest rates may have peaked.
In 2023 alone, Apple's stock has surged over 50%, contributing about $1 trillion to its market value. Pre-market trading on Thursday showed Apple's shares continuing to rise.
Wall Street projections indicate that Apple's revenue is poised to climb even higher in 2024 due to increased demand for high-tech electronics and smartphones.
Join our Free workshops!
