iPhone 11 release stimulates stock price rise, Apple’s market value has broken 1 trillion US dollars


Editor’s note: This article comes from “Tencent Technology”, review: Jinlu, 36 氪 authorized to release.According to foreign media reports, on Tuesday, when the company released a series of new products including the iPhone 11 at its headquarters in Cupertino, Calif., the market value exceeded 1 trillion US dollars on Wednesday.turn off.At the close on Wednesday, Apple shares rose more than 2% to close at $223.59 per share.This is not the first time Apple’s market value has exceeded $1 trillion. It reached this milestone for the first time in August 2018.However, in December last year and January this year, due to the disappointing sales performance of the iPhone in China, the stock price fell once, and the company’s market value fell below this symbolic benchmark.Apple also repurchased a large number of its own stocks, raising the stock price threshold required for the $1 trillion market capitalization.Apple is not the only technology company with a market capitalization of $1 trillion.Microsoft’s market capitalization is higher than Apple’s, currently $1.04 trillion.Apple held its annual iPhone conference on Tuesday, releasing the new iPhone, Apple Watch and iPad, including the entry-level iPhone 11 with a price cut of $50.