Apple has hit a new milestone by becoming the first publicly traded company to reach a market value of $3 trillion. The tech giant’s market cap has continued to climb since it hit $1 trillion in August 2018, driven by groundbreaking products such as the Macintosh, iPod, iPhone, and iPad. Microsoft is the only other company with a market cap above $2 trillion, but Apple remains the most valuable company in the world. Apple’s success is attributed to the iPhone, which has accounted for more than 60% of its revenue.
When Did Apple Hit $1 Trillion?
August 2018 marked a significant milestone in the history of Apple Inc. as the tech giant became the first publicly traded company to hit $1 trillion in market value. This was a momentous achievement for the company, which had come a long way since its humble beginnings in a garage in California.
Fast forward to today, and Apple’s market value has continued to soar. In fact, as of January 2022, Apple’s market cap stands at a staggering $2.88 trillion, making it the most valuable company in the world.
The Rise of Apple
Apple’s journey to the top has been nothing short of remarkable. The company was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. At the time, they had no idea that their little startup would one day become a global phenomenon.
Over the years, Apple has released a string of groundbreaking products that have changed the way we live, work, and communicate. From the Macintosh computer to the iPod, iPhone, and iPad, Apple has consistently pushed the boundaries of innovation and technology.
Apple’s $1 Trillion Milestone
On August 2, 2018, Apple’s market value surpassed $1 trillion for the first time. This was a historic moment for the company and the tech industry as a whole. At the time, Apple’s share price was $207.39, and the company had 4.83 billion shares outstanding.
Apple’s rise to $1 trillion was fueled by the success of its iPhone, which accounted for more than 60% of the company’s revenue. The iPhone had become a cultural icon and a must-have device for millions of people around the world.
Apple’s Continued Success
Since hitting $1 trillion in 2018, Apple’s market value has continued to climb. In 2020, Apple’s share price rose by 81%, and in 2021, it rose by another 34%. As of January 2022, Apple’s market cap stands at $2.88 trillion.
Microsoft is the only other company with a market cap above $2 trillion, with a recent market value of $2.57 trillion. However, Apple remains the most valuable company in the world by a significant margin.
Apple’s journey to $1 trillion was a testament to the company’s innovation, vision, and commitment to excellence. Since hitting that milestone in August 2018, Apple has continued to dominate the tech industry and set new standards for innovation and design.
As we look to the future, it’s clear that Apple’s success is far from over. With new products and technologies on the horizon, Apple is poised to continue its reign as the world’s most valuable company for years to come.
References for « When did Apple hit $1trillion? »
- « Apple is on the verge of making history again » by Anita Balakrishnan
- « Apple just became the first US company to hit a $1 trillion market value » by Isobel Asher Hamilton
- « Apple’s Market Cap Hits $1 Trillion » by Jack Nicas
- « Apple Hits One Trillion: What Next For The Stock? » by JJ Kinahan
- « Apple hits $1tn stock market valuation » by BBC News
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