Apple Is So Big, It’s Almost Eclipsing France’s Stock Market
- Stock closes on record high amid broad rally in tech stocks
- Rally has boosted shares by 50%, adding $1 trillion in value
New iPhone 15 smartphones on sale in London.
Photographer: Betty Laura Zapata/BloombergThis article is for subscribers only.
The rally in Apple Inc., the world’s most valuable publicly traded company, is showing no signs of easing. After closing at a record high on Thursday, the iPhone maker’s market value is approaching that of Europe’s largest stock market: France.
The combined market value of companies listed in Paris was about $3.2 trillion as of Wednesday’s close, versus the technology giant’s $3.1 trillion, according to an index compiled by Bloomberg. Apple is bigger than all but the six largest stock markets in the world.