LONDON – Apple’s record post-stock-split valuation made the company worth more than the entire UK blue chip market, the FTSE 100. While AAPL shares closed Monday worth a total of $2.2 trillion about £1.64 trillion, the FTSE 100 was valued £1.5 trillion.
AAPL Worth More Than FTSE 100
Apple became the first U.S. firm to be worth a total of $2 trillion earlier this month. On Monday, the company completed a four-for-one stock split, in a bid to make AAPL shares accessible to a broader range of investors. At the time of this writing, one share cost around $132. Pre-split, they had been worth around $500 a share.
Charlotte:
I recall hearing a discussion on BBC shortly before Apple reached their first $T evaluation, on which companies these tech/market speculators thought would be the first to reach that $1T market cap. One suggested Amazon, the other Google and then another offered, if memory serves, Facebook, with MS bringing up the unlikely rear.
Then the host asked why no one had suggested Apple, and after considerable muffled incoherence, the talking heads coalesced around the idea that Apple’s current evaluation was inflated, tenuous, based exclusively on the iPhone, had nothing like it coming in the pipeline (true that, but then who does?) and that with projected headwinds for smartphone sales (market saturation, cheap knockoffs in Chinese markets, projected cooling of Chinese market consumption, yada yada…), that IF Apple could reach $1T, it would be well after these other giants, who had so much more fire power in their respective arsenals.
One can only speculate what their ‘informed reasoning’ would be for Apple’s evaluation today, and what might they speculate for the future.
Despite Apple having had a phenomenal quarter, despite relative iPhone underperformance, this ‘one-trick pony on the edge of a precipice’ assessment of Apple persists, all evidence to the contrary. This merely confirms what social scientists and psychologists have proved; the brain simply will not see what it is not prepared to see (the guy in the gorilla suit).
I think that fairly sums up tech market speculation. The guy in the gorilla suit.