While the world Bank has recently stated that the economic crisis caused by the Covid-19 had not been equalled since the Great Depression of the 1870s, some businesses are still vibrant results. This is particularly the case of Apple, whose market value comes to exceed 1,500 billion dollars ($1 530 to be precise), a symbolic milestone ever attained on Wall Street. As A comparison, this sum is greater than the GDP of Spain or Australia.
The manufacturer of smartphones had reached the compensate of 1, 000 billion in August 2018. Its value had experienced a first major decline in the fall of 2018, while sales of iPhones were at half-mast, and then a second one from February 2020, which is suffering from the impact of the epidemic of coronavirus on its production lines. Many sub-contractors of the brand, such as Foxconn, have had to close their chinese factories for several weeks.
GAFAM weigh 6 000 billion
But from April, the trend reversed, and the growth has accelerated. The quarterly results of the brand have reassured investors, who had anticipated a further drop. The group has recorded an increase of its turnover by 1 % year on year to 58.3 billion dollars, driven by strong growth of its services (Apple TV+ Apple Music, Apple, Arcade, purchases within applications, etc.) and its accessories (AirPods, Apple Watch, etc), that have generated them two 19.5 billion of revenue.
sales of iPhones, however, were logically declined last quarter (- 8.2 per cent compared to last year), but Apple is resisting much better than its direct competitors, Samsung and Huawei, which show, respectively, a fall of 22.7% and 27.3%. The prospect of the launch of the iPhone 12, the first smartphone from the brand that is compatible with the technology for 5G, also explain the good shape of the business on the financial markets. Finally, Apple’s market capitalization has increased significantly in recent days, after revelations in the media of Bloomberg, which indicate that the brand is soon expected to replace Intel processors in its Mac by its own processors based on ARM.
among them, the GAFAM are now weighing more than 6 000 billion. Just behind Apple, we find Microsoft (1 490 billion), and Amazon (1 325 billion), Alphabet (1 000 billion). A little later, Facebook is valued at 675 billion.
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