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Apple’s heady rise highlights perils of concentration
Stock markets set a curious record last year: Apple gained more in equity value than any other company in history. Apple’s stock surged 86 per cent in 2019, sending the iPhone maker’s market capitalisation to $1.3tn — a gain of $556bn. The problem is that giant stocks such as Apple make up a sizeable chunk of the market, but deliver gains beyond their weightings.
https://finance.yahoo.com/m/039cd87.../apple’s-heady-rise-highlights.html?.tsrc=rss
Stock markets set a curious record last year: Apple gained more in equity value than any other company in history. Apple’s stock surged 86 per cent in 2019, sending the iPhone maker’s market capitalisation to $1.3tn — a gain of $556bn. The problem is that giant stocks such as Apple make up a sizeable chunk of the market, but deliver gains beyond their weightings.
https://finance.yahoo.com/m/039cd87.../apple’s-heady-rise-highlights.html?.tsrc=rss