“Apple versus the world”

Jun 7, 2023 | In the news

Apple has just launched its first actual new product in quite a while, a virtual reality gizmo, and that is quite big news. What they do put out there is usually a big seller and makes still more big bucks. Apple is now worth £2.2 trillion, which is more than all of the companies in the FTSE 100 added together. Our stockmarket may not be what it was, but still includes the likes of Shell, BP, Unilever, AstraZeneca and Diageo. Together they made £1.5tn of profit, whereas Apple made a paltry £76bn (thanks to 7IM for the info). Many think, therefore, that it’s punching above its weight and heading for a fall. I’d say (as I type this on my MacBook and check my iPhone for messages), that they know what they’re doing and are more than likely to head further into the valuation stratosphere. That of course is just an opinion, not a tip. Other big tech companies are available. They’re just not as good.

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