Apple stock is soaring as the iPhone maker has returned a healthy profit for the first time since 2013, as the world’s largest smartphone maker has surged to a record-high valuation.
Apple is currently up 30% year-to-date, and is currently valued at $US18.9 trillion, up 9% from a year ago.
Apple stock has grown to a new record high, at $20.49 per share, and its market cap is now $US10.1 trillion.
The Apple stock market is up 20% year to date, and the stock has jumped nearly 60% year on year.
Apple has been a hot topic of discussion in recent months, as concerns have been raised about the potential for a massive Apple-led takeover by the Chinese government.
However, Apple’s share price has been growing steadily over the past two years, and now sits at a record high of $US13.49, up 20.3% year, according to data from FactSet.
The iPhone maker is currently trading at a new all-time high of about $US16.42 per share.
The company has been an important part of Apple’s growth, as it was the first smartphone to reach the mass market, and set a new benchmark for Apple’s products.
The tech giant has a strong presence in Europe, where it has grown its smartphone sales by more than 60% over the last decade.
Apple also boasts a strong share of the global PC market, where its sales account for nearly a quarter of all sales.
In addition to its strong global presence, Apple has become an important player in Asia, as its market share in the region has grown over the years.
Apple’s market cap was at $10.4 trillion on Friday, and Apple’s market value stood at $9.6 trillion on Wednesday.
Apple’s shares rose over 20% in the first three weeks of the year, after rising 22% the year before.