Apple is more valuable than the whole FTSE 100

Apple is more valuable than the whole FTSE 100

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U.S. tech giant Apple’s valuation has continued to rise, and now surpasses the full value of all members of the UK’s top stock index.

Apple shares were valued at ৩ 2.3 trillion (£ 1.7tn) on Tuesday, compared to the £ 1.5tn value of all companies on the FTSE 100.

Just two weeks after Apple became the first US company to value US 2tn.

Investors are flocking to US tech stocks as demand for technical equipment increases amid the coronavirus epidemic.

More people rely on technology to work and shop from home, and Apple is one of the main beneficiaries.

The iPhone maker has seen its share price more than double since March, when panic over the coronavirus epidemic spread across the stock market.

The demand for Apple shares will also increase on Tuesday, the company said in a decision to share the shares, with four new exchanges for each old investor. The move is expected to facilitate investment for individuals.

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In contrast, market observers say London-listed companies, including lockdown-hit oil companies and banks, have outperformed the share prices of fugitive major technology companies listed in the United States.

“The FTSE 100 is a dinosaur that will fill old-world stocks with valuable little growth,” said Neil Wilson, chief market analyst at Markets.com, adding that it is “a very good proxy for the global economy.” What we do know is that it is on its knees. “

With the exception of Okado, “there is no technology to talk about, where real money has been made this year,” he added.

“The United States has Zoom, we have BT and Vodafone. America is proud of Netflix and Amazon – the FTSE can combine ITV and censorship.”

The FTSE 100 is trading at 5,972 points, down 22% from 2220 of its 2020 high of 7,675 in January.

In contrast, the Nasdaq index in the United States set a new record on Tuesday. It has almost doubled since the coronavirus outbreak and the fall in share prices.

Some investors have warned that stocks, bonds and commodities trading are all over-priced at the moment.

The stimulus from central banks to support a struggling economy with quantitative comfort and historic low interest rates has taken the value of many institutions and assets.

In another sign of Tekler’s rise, according to Bloomberg, Tesla’s 12% stock gains boosted founder Elon Musk’s personal fortune to 11 115 billion this week, briefly making him the world’s third richest man. He temporarily surpassed Facebook founder Mark Zuckerberg.

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About the Author: Forrest Morton

Organizer. Zombie aficionado. Wannabe reader. Passionate writer. Twitter lover. Music scholar. Web expert.

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