Saudi Aramco dethroned: Apple now the most valuable exchange group in the world

The papers of the iPhone group, rose on Monday to be among the favorites in the strength of the overall market to last a good three percent to 438,70 the US Dol

Saudi Aramco dethroned: Apple now the most valuable exchange group in the world

The papers of the iPhone group, rose on Monday to be among the favorites in the strength of the overall market to last a good three percent to 438,70 the US Dollar and reached a market capitalization of just under $ 1.9 trillion. So they brought a little more weight on the scale as the state-owned Saudi Oil company Saudi Aramco , which has been traded on the stock exchange as the most expensive company in the world - however, only since the initial listing in Saudi Arabia. Previously, Apple held the title of most valuable exchange group for years. Apple 371,45 EUR +10,75 (+2,98%) Tradegate

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The record-Rally, Apple had started on Friday again with a Plus of ten percent travel, as the technology had been reported in the consolidated surprisingly good quarterly figures. The company is currently immune to the Corona-crisis. Among other things, the iPhone business was much better than many market observers expected.

analysts praise Apple, but also warn against the risks

As of Friday, there was also the start of a week of praise from analysts. This year's iPhone product range to surpass the expectations, wrote about the expert Robert Muller of RBC.

a Little sceptical Analyst Thomas Hofmann of the Landesbank Baden-Württemberg expressed, however. "Apple is currently in a transformation phase. The dependence on the iPhone is still high and constitutes the main risk, as the market growth is steady and the price and competitive pressure is increasing accordingly.“ Bernecker exchange - compass orientation for your Depot. Clear. Compact. Competent. (Partner offer) Now for 30 days completely free trial!

The massive Expansion of the Service sector in the new services Apple TV+ Apple News+, Apple, Arcade, and the credit card the Apple Card will be able to compensate for this dependence Hofmann, according to only in the medium term. Despite this ongoing Transformation of the professional sees the company around the theme of technology, we are well positioned as a long-term winner of the expected accelerated digitization. After the store closures would be conducted in the context of the pandemic in the first half of the year noticeably declining sales on the product side, had been stopped this Trend in the third quarter. On the other hand, Apple was on the highly globalised chains susceptible to temporary setbacks.

Saudi Aramco is suffering from weak Oil prices

Since the beginning of the year expected, the shares of Apple have gained almost 50 percent. The group is regarded as a profiteer of the most recent developments in the technology sector. The pandemic has strengthened the market positions of the largest industry companies in the world, with strong balance sheets and grow, thanks to the accelerated shift to digital services quickly. This is an advantage for Apple. Stock Selection Europe - The trading system for the DAX, Euro Stoxx 50 & co. are Now testing exclusive 30 days free of charge!

In the case of the Shares of Saudi Aramco, however, a Minus of more than six percent to beech stands since the beginning of 2020. The global economic downturn due to the Corona of a pandemic, the demand and the Oil prices on the already weak Oil market continue to fall, the industry brings in giants such as Saudi Aramco under pressure.

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stock market professional"The second half of the year is not only pink and red, but also volatile," PCP stock market Pro: "The second half of the year is not only pink and red, but also volatile,"

/Reuters

Date Of Update: 03 August 2020, 14:26
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