Apple is worth more than all of Britain’s biggest listed companies combined after retail investors scrambled to buy shares in the American technology group.
Its market value is almost $2.3 trillion, greater than the £1.6 trillion, or $2.1 trillion, market capitalisation of the FTSE 100.
Apple’s valuation grew beyond that of the British share index after the maker of iPhones and iPads implemented a four-for-one stock-split on Monday.
The decision to divide its stock had no impact on the intrinsic value of Apple’s shares, but has made them more accessible to small investors, who pushed Apple’s stock price sharply higher. Its shares rose by 3.4 per cent on the day of the split and were up by a further 4 per cent to close at
