Apple’s market value has now crossed the $3 trillion mark in its market capitalisation. The tech giant has become the first organisation in corporate history to rise above this milestone.
From October 2021 till January 2022, Apple added $700 billion to its market capitalization.
It is worth noting that Apple’s market value first crossed the $1 trillion mark in August 2018, it took over the $2 trillion valuation mark in August 2020.
As per World Bank data, Apple’s value is now greater than the $2.76 trillion GDP of the United Kingdom and India’s GDP figure of $3.01 trillion; but it still falls short of Germany’s $3.85 trillion GDP.
What is more surprising is that iPhone sales hit a new low in 2018 when Apple could sell only 165.5 million units of it.
But despite that, Apple’s total revenue generated out of its sale shows a consistent trajectory between 2017-2019 owing to the rise in prices of newer iPhone models.
Presently, Apple’s rivals remain Microsoft, valued at $2.53 trillion at the end of 2021. Google parent company Alphabet is also valued at $1.92 trillion while Amazon stands at $1.69 trillion.
Apple, during the pandemic, strengthened its stock value. It issued $1,80,000 stock bonuses to some of its top engineers to prevent defections to its competitors like Meta and Alphabet.
The Silicon Valley company has tripled its valuation in just under four years.
Furthermore, Apple released its last quarterly earnings in October, it made a profit of $20.6 billion over the previous three months.
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