What you need to know
- Apple is now worth more than the entire FTSE 100.
- A strong response to its stock split has edged its value past the UK's 100 largest companies combined.
- Apple now has a market cap of $2.21T.
Apple's market capitalization value has passed that of the entire FTSE 100 in the wake of its four-to-one stock split.
The report notes that Apple's continued strong share performance did not falter following a four-to-one stock split Monday. Apple announced the move in July stating:
The split is designed to make the stock more attractive to "a broader base of investors", and it seems to be working, the stock climbing from $127 to as high as $130 in Monday's trading.
As this report notes, that was enough to push Apple's value past the combined valuation of the UK's 100 largest publicly listed companies. Thanks in part to the COVID-19 pandemic, the FTSE 100 has lost around a fifth of its combined value this year. The most valuable company on the FTSE 100, Unilever, is worth a meager $115bn, one-twentieth of Apple's valuation. The FTSE 100 is valued at just over $2T.
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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