The first of August the shares rose sharply by 4.5% and amounted to $ 200, and the company’s market capitalization now exceeds 970 billion dollars – according to 9to5Mac.
This growth follows the June report of Apple – in early summer, the Corporation earned $ 53 billion the United States through 41.3 million sold iPhone, iPad 11.6 million and 3.7 million Macs.
In addition, representatives of the IT giant has speculated with regards to the indicators of the next quarter. They are very bright – Apple expects revenue of 62 billion US dollars. It is very likely that it will be so with the release of the new iPhone – the company will introduce them in September.
The nuances of market capitalization
As Apple continues to aggressively buy back its own shares, the jump in market capitalization was disproportionately less than the increase in the price of the shares. Market capitalization is stock price multiplied by the number of shares.
Redemption of securities naturally reduces the rate of closure of the market. This means that the jump in the amount of 4.36% was largely compensated in respect of market capitalization.
To reach the milestone of a trillion dollars, the capitalization of Apple will have to undergo a level of $ 209, provided that the company ceases to buy back shares.