Apple and Microsoft accounted for 15% of S&P 500 gains in 2019
What you need to know
- Apple and Microsoft accounted for 15% of the S&P 500's gains in 2019.
- That's more than the next eight biggest contributors combined.
- Apple and Microsoft grew by 85% and 55% respectively this year.
Apple and Microsoft accounted for 15% of the S&P 500's gains in 2019, according to a CNBC report.
CNBC data has revealed that their respective contributions of 8.2% (Apple) and 6.6% (Microsoft) accounted for 14.8% of total gains, more than the next eight biggest contributors combined. That list of eight includes Facebook, Amazon, and AT&T. The report states:
The report also notes that the impressive growth of both companies means they are the only two U.S. companies with market cap values of more than $1 trillion dollars.
Despite worries about trade, Apple managed to outperform most analyst predictions, thanks in part to its growing services revenue and the success of Apple Watch and its AirPods. The report notes that Microsoft meanwhile has enjoyed strong growth in its personal computing departments, as well as cloud services and gaming, along with the securing of a $10 billion defense contract.
The S&P 500 as enjoyed a tremendous year, its best since 2013. With a big final day of the decade, it could even surpass its record from 1997, it's currently one percentage point away. With 2020 and 5G just around the corner, it remains to be seen it both Apple and Microsoft can sustain or even surpass this record growth.
Get the best of iMore in your inbox, every day!
Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9