Apple’s (AAPL) Smartphones Are not the Most Popular in the World, despite Apple Being the Only Tech Company with $2 Trillion Market Cap

by Usman Salis

Despite this, it is Apple that is the only technology company with a market capitalization of over $ 2 trillion. Apple is now the 4th largest stock market in terms of total market capitalization.

Apple’s Presentation Didn’t Lead to the Stock Price Growth

Apple held a new product launch last week. The main sensation, of course, was the presentation of the iPhone 12, the world’s first 5G smartphone. Even though analysts placed high stakes on the company’s new iPhone in a long run, the presentation itself did not generate much interest among investors in the market. Before the presentation, the company’s shares rose by 6%, but after it, they fell to their previous price within a couple of days. At the moment, the decline continues.

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