Apple’s Share Price Has More Than Doubled In The Last 18 Months

Suggestions that Apple might blow through a $2 trillion market capitalisation earlier in the year seemed far fetched, with the pandemic depressing sales and the share price and the company's valuation falling beneath $1 trillion. 

Move on just four months though and there's a very different picture. Apple has just passed the $1.5 trillion market capitalisation mark and shows every sign of going higher whilst its share price has more than doubled from its December 2018 low. If you made an investment in Apple at that low point, congratulations, you're in the money. 

As Apple continues to buy up its own share the price will rise, however its the overall capitalisation which shows the value the market puts on Apple's business. Clearly the prospect of tougher times on hardware sales, the impact of a switch to ARM and any fallout from the Sino-US trade war aren't affecting the belief in Apple's business model. 

As to that $2 trillion cap, the only question now is how soon it will be reached.