- Apple’s growth will continue before India by 2024 Apple’s economy
- Within two years, Apple doubled its market cap, became a 2 trillion company
- Apple’s share price has seen a double increase since March 16
new Delhi. India is considered to be the world’s fastest running economy. Not only the leader of India but all the economic agencies of the world also say the same. There has definitely been a loss in the Corona era. Which shocked PM Narendra Modi’s dream, which he saw in January 2018 and told the entire country in an address at a program, to make the country a 5 trillion dollar economy by 2025, After which all the ministers of the country have been praising this. On the other hand, a smartphone maker company of the world is continuously moving forward, beating the pace of Indian economy. The American company Apple has become a 2 trillion-dollar company. The special thing is that when PM Modi talked about the 5 trillion economies, Apple was not even a trillion-dollar economy. Today India has not even reached 3 trillion and Apple has reached the mark of two trillion. If this continues, Apple will become an economy of 5 trillion before India.
The company’s market cap doubled in two years
Let’s start with PM Modi’s statement from January 2018, when he talked about making the country a $ 5 trillion economy by 2025. At that time Apple’s market had not reached even a trillion dollars. Apple had a market cap of $ 806 billion in January 2018, according to macrotrends.net. Which reached one trillion dollars in August 2018. After that, in August 2019, the company’s market cap came down to one trillion at 930 billion dollars. But in 2020 the company came back and surpassed all, touching the $ 2 trillion mark.
Company shares increase steadily
The increase in the market cap of the company was due to the increase in shares. Talking about growth in the last one year, 120 percent has been seen. Whereas in 2020, it has seen a growth of 57 percent. Talking about Corona Time, on March 16, the company stock fell below $ 250. The stock of that company was pegged at $ 241.13. Today, on August 19, the company’s stock closed at $ 463. That is, the company’s shares have seen a rise of nearly 100 percent.
India’s position in two years
At the same time, if we talk about India’s economy, nothing special has been seen in the last two years. 2018 GDP was 2.71 trillion dollars. Whereas in 2019, India’s GDP showed a slight increase and the figure stopped at $ 2.85 trillion. Talking about India’s potential GDP, it is estimated at $ 3.20 trillion. Well, this figure was estimated before the coronavirus came into the world. With the effect of Coronavirus, the country’s GDP is also expected to be less. Many economic agencies have expressed concern about the country’s GDP. According to experts, India’s GDP should not reach 3 trillion by the end of FY 2020. There is also a possibility that it will fall below the GDP of 2019.
So will Apple become an economy of 5 trillion?
Now the question is, will Apple’s market reach 5 trillion or even by 2025? Looking at the growth, there is no doubt that Apple’s market cap can reach $ 4 trillion. According to experts, it is very difficult to tell about the company for the next five years. There is no doubt that the company is continuously growing. At the same time, there is also a possibility that by 2025 the possible price of company shares will be around $ 700, but at that time the US dollar will also depend on the index at which level it is.