The tech giant's latest financial results show its market capitalisation – the value of all of its stocks – is worth roughly $980 billion. By comparison, the size of Australia's economy is worth $1.58 trillion, by gross domestic product.
Apple is, currently, the second most profitable corporation in the world. Their market cap is estimated at a huge £1 trillion ($1.3 trillion) – the equivalent to the GDP of Australia.
Apple became the first company to reach $3 trillion in market value, which is more than the GDP of India, the UK and France. Even today, with a market cap of $2.6 trillion, it is higher than the GDP of Canada, Italy, South Korea, Russia, Brazil and many other countries.
For the year 2020-21, Australia's apple industry was valued at $527 million, while the pear industry was valued at around $67 million.
With AAPL currently valued at $2.8 trillion, a gain of only 7.5% would be enough to push the market cap beyond the same milestone that Apple reached very briefly in January 2022.
Apple Inc. is a publicly traded company, so no individual or entity owns the company in its entirety. However, the majority stakeholder of the company as of 2023 is The Vanguard Group, which holds 7.6% of all outstanding shares.
Even giants such as Coca-Cola, with a 2022 revenue of $42.3 billion, and McDonald's at just over $23 billion, trailed behind Apple Services. Apple's services had more revenue than Nike and McDonald's combined, which was $72.3 billion.
Apple has three times as much cash on hand as does the US government, and over twice as much as does the UK.
The apple industry was worth over $527 million to Australia's economy in 2020/21.
Apple first surpassed $2 trillion in market capitalization in August 2020, as consumers flocked to its devices amidst the COVID pandemic. The Cupertino-based company even briefly reached a market capitalization of $3 trillion on Jan. 3, 2022, almost exactly a year ago.
Apple is the most valuable company in the world (in terms of market capitalization), with over $2 trillion in value.
According to the data by International Monetary Fund, only four countries— the USA, China, Japan and Germany have higher GDP than Apple's $ 3 trillion market valuation.
On a mean wealth basis, Australia was the fourth-richest country in 2021 behind Switzerland, the US and Hong Kong. The average Australian adult was worth $US550,110 at the end of last year, after enjoying a $US66,350 annual increase in wealth.
Australians are the wealthiest people in the world with a typical net worth of almost $US274,000 in 2021, just ahead of Belgium, New Zealand and Hong Kong.
Australians wanting to be in the country's top 1% for wealth need to have an individual net worth of US$5.5 million ($8.3 million), Knight Frank's 2023 Wealth Report has found.
Apple Revenue
Apple reported a total net sales of $394.33 billion in its 2022 financial year. This was a sharp increase from its 2020 financial year record of $274. 52 billion.
Not only has Apple replaced Coca-Cola as first among the 100 most valuable brands based on criteria that include financial performance, this is the first time that the soft drink known for slogans like “It's the real thing” has not been No. 1.
By market cap measure, Apple (AAPL), with valuation of $2.6T, is in a league that includes Microsoft (MSFT) and, really, no one else is even close. Disney (DIS) has a market cap of about $178B.
Apple (brand value down 16% to US$297.5 billion) has fallen to be the world's second most valuable brand with its brand value falling from US$355.1 billion.
Saudi Aramco (2222.SR)
It is the largest company in the world by revenue and is a major player in the global energy industry. Saudi Aramco was founded in 1933 and is headquartered in Dhahran, Saudi Arabia.
The Most Popular Thing at McDonald's Is…
Ever since the first McDonald's menu from when the chained opened in the 1950s, french fries have been a star. The famous Golden Arches sell upward of 9 million pounds of fries per day! That's a whole 'lotta large fries.
In terms of market capitalization, Apple is the largest company in the world. But where it really stands out from Disney is its free cash flow. At the end of 2022, Apple's free cash flow was over $30 billion.
The other companies with market capitalizations surpassing $1 trillion are Apple ($2.7 trillion), Microsoft ($2.4 trillion), Saudi Aramco ($2 trillion), Google's parent company Alphabet ($1.6 trillion) and Amazon ($1.2 trillion).
Four tech companies in the trillion-dollar club
Apple is the world's most valuable company with a market value of $2.78 trillion, followed by Microsoft ($2.44 trillion), Alphabet ($1.56 trillion), Amazon ($1.23 trillion) and then Nvidia ($0.93 trillion).