Apple Inc. has achieved a historic market capitalization milestone, crossing the USD 3 trillion mark, now rivaling the economies of France and Italy and potentially set to surpass India’s GDP.
After a remarkable week on Wall Street, Apple’s shares experienced a slight dip at Friday’s market close, concluding with a total market cap of $3.066 trillion—surpassing both Italy and France’s economies.
Apple’s market cap, now over USD 3.05 trillion, positions it just below the GDP of six major countries: the United States ($25.5 trillion), China ($18 trillion), Japan ($4.2 trillion), Germany ($4.07 trillion), India ($3.4 trillion), and the United Kingdom ($3.07 trillion), as reported by Business Insider.
With expectations of a Monday market opening surge, Apple’s stock is poised to overtake the United Kingdom’s economy in valuation. Anticipating sustained growth, Apple’s market cap could soon outpace India’s GDP in the coming months.
France, currently the seventh-largest global economy with a GDP of $2.78 trillion, finds itself trailing Apple’s market cap, which recently surpassed the entire valuation of the French stock market.
Despite Apple’s dominance, a recent dip in shares brought its value to $3.066 trillion, slightly widening the gap with the French stock market, which rose to $3.2 trillion.
In 2023 alone, Apple’s stocks have surged by over 55 percent, marking a stellar performance on the NASDAQ. While Apple’s valuation exceeded $3 trillion for the first time in December, the company is poised to conclude 2023 as the world’s most valued.
