- With a combined valuation of $ 2. (trillion, Apple and Microsoft have surpassed Germany’s stock market.
- Both conglomerates had an exceptionally strong with solid sales across many departments.
- These companies highlight the robustness of the US economy.
Microsoft (NASDAQ: MSFT) and Apple (NASDAQ: AAPL) have surpassed Germany’s entire stock market in valuation amid thegreatest bull run in US history.
The combined valuation of Microsoft and Apple is $ 2. 499 trillion. The total market cap of all companies listed on Germany’s stock market hovers at $ 2. (trillion)
Apple and Microsoft have both surpassed the expectations of analysts in 2019.
Withstrong sales in the US and China from the flagship iPhone and Airpods, the Apple stock is en route to finishing the year with a staggering (% gain.
Microsoft , uplifted by its successful transition to cloud computing and rising demand for the Microsoft Surface product line, is
Both conglomerates have shown significant improvements in diversifying their operations to reduce the dependence on their respective core products, which eventually led the confidence of investors to surge.
But, the strength of the US stock market, buoyed by loose financial conditions created by the Fed and trade deals secured by the US government,
played a paramount role in further raising the sentiment around American conglomerates.
Germany is home to many high profile corporations that exceed $ billion in market cap in the likes of Mercedes Benz parent company Daimler, Volkswagen, Allianz, BMW AG , Siemens AG, and Bosch Group.
Similar to the Dow Jones Industrial Average (DJIA) of the US, the DAX PERFORMANCE-INDEX had a strong rally in 5370 with a year-to-date gain of (********************************************************************%. Both the Dow Jones and theDAX are coming off of an extensive rally.
Apple and Microsoft surpassing the valuation of all German stocks is not merely because of the slowing growth of Germany’s economy.Rather, it’s the performance of Apple and Microsoft that went far beyond what analysts had anticipated at the start of the year put together with the expanding economy of the US
Heading into 2020, both companies are set to have another solid year.
(Apple has already increased the production of the iPhone by 11% and Airpods by (******************************************************************%. It alsocrucially avoided the imposition of tariffs by Chinathat was scheduled for Dec. (****************************************************************************, leaving the iPhone 12 in an affordable price range for Chinese customers.
Microsoft is on track for (******************************************************************************% growth insupplemented with growing demand for Azure and LinkedIn. Microsoft’s Intelligent Cloud department, which houses Azure, has seen asubstantial increase in revenues to $ (****************************************************************************. 5 billion thanks to big long-term contracts.
First published (UTC): December (**************************************************************,
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