Apple’s market value surpasses $3 trillion for the first time and is now larger than Alphabet and Amazon combined.

Phone and computer maker Apple is worth $3 trillion, according to investors. On Friday, the stock price climbed to $193.97, pushing the overall market valuation past the cape. In 2022, the value also briefly peaked at over three trillion, but the company failed to sustain that level through the end of the trading day. The gain in value is in stark contrast to the situation earlier this year when Apple lost nearly $1 trillion in value.

World Champion

The appreciation can be described as hallucinatory. Amazon, which runs one of the mainstays of today’s internet and digital business with its cloud, not to mention web shops, is worth $1.34 trillion. Alphabet (Google’s parent company) is valued at 1.53 trillion.

Apple is by far the highest valued company in the world right now. Microsoft follows in second place with around 2.5 trillion US dollars. In third place is the only non-technology company in the top five: oil giant Saudi Aramco.

High margins

Apple owes its high valuation largely to the particularly high margins at which it sells its products. Apple devices tend to be more expensive than competing alternatives, largely due to Apple’s significantly higher margin. In addition, the company owns most of its supply and distribution chain. Investors are delighted by these high margins.

What’s also notable is that Apple is only just hitting the $3 trillion mark, having just had a couple of smaller quarters. Investors continue to believe in the company’s long-term potential.