Since the iPhone 17 launched, Apple’s shares have gained 1.50 percent.
The competition to buy iPhone 17 has started all over the world. In India, the videos have come up till the scuffle to buy a phone. Do you know that Apple has already earned more than 5 lakh crore rupees i.e. 60 billion dollars. That too without selling a single phone, in about 10 days. Now the biggest question is how this happened? How did Apple make such a big money before selling the iPhone 17? In fact, when the company launched this phone on 9 September, the company’s shares were close to $ 234, which increased to $ 237 by 18 September. Due to which the company market cap increased by more than $ 60 billion. This is the reason why the world’s largest mobile phone making company is a big advantage.
Apple shares boom
From September 9, till September 18, Apple shares have seen a rise. Looking at the data of the US stock market index Nasdaq, when the stock market closed on September 9, Apple’s stock was at $ 234.35. After that, after the market closed on September 18, Apple’s stock reached $ 237.88. This means that during this time Apple shares saw an increase of $ 3.53 i.e. 1.51 percent. However, on September 18, Apple’s stock has seen a decline of 1.11 percent. Whereas on September 17, the company’s stock crossed $ 240.
Market cap increased by $ 60 billion
Due to the rise in Apple’s shares, the company’s market cap has seen an increase of $ 60 billion during this period. Looking at the data, when the stock market was closed on 9 September, the company’s market cap was $ 3.47 trillion, which came to the company’s market cap at $ 3.53 trillion on 18 September. This means that the company’s market cap got an increase of $ 60 billion i.e. 5.29 lakh crore rupees. According to experts, the phone of the company is getting good response. In the coming days, the company’s shares may see a boom.
The second largest company in the world
Apple is the largest company in the world according to the market cap. Currently, the company’s market cap is at $ 3.53 trillion. Whereas some time ago Apple had the name of the world’s largest company. But the shares of AI company Nvidia have seen a very tough jump. After which the company’s market cap has crossed 4 trillion dollars and has become the largest company in the world. Now there is a big distance in the market cap of Apple and Nvidia. In such a situation, Apple may take time to become the number 1 company again.