Apple became the world's first $3 trillion company for a brief time during intraday trading on Jan. 3, 2022. The iPhone maker also holds the distinction of being the world's first company to reach $1 trillion and $2 trillion.
Apple Inc. on Monday became the first company with a $3 trillion stock market value, lifted by investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality.
Apple, the computer company that started in a California garage in 1976, is now worth $3 trillion. It became the first publicly traded company to ever reach the figure on Monday, when its stock briefly eclipsed $182.86 a share before closing at $182.01.
Apple broke the barrier when its share price hit $182.86. Apple rose 2.5% on Monday to close at $182.01, just missing closing the trading day at the $3 trillion mark. The milestone is mostly symbolic but it shows investors remain bullish on Apple stock and its ability to grow.
In August 2018, Apple Inc. (AAPL) became the world's first company to record a market capitalization of $1 trillion and roughly two years later, became the first publicly traded U.S. company to surpass $2 trillion.
The iPhone maker also holds the distinction of being the world's first company to reach $1 trillion and $2 trillion. According to analysts, Apple stock still has room to grow in the future.
On today's show, CNBC.com technology editor Steve Kovach explains how Apple's market value grew to $2 trillion — the first U.S. publicly traded company to cross that threshold.
23, 1984). A $1,000 investment could have purchased 7,692.31 shares of AAPL. The $1,000 investment in AAPL shares would be wroth $1,331,385 today, based on a price of $173.08 for AAPL shares at the time of writing.
Apple's market cap fell below $2 trillion in trading Tuesday for the first time since early 2021 and one year to the day after the company became the first public tech company valued at $3 trillion.
Apple hit a market cap of $3 trillion during intraday trading on Monday, tripling its valuation in under four years. Apple broke the barrier when its share price hit $182.86. The milestone is mostly symbolic but it shows investors remain bullish on Apple stock and its ability to grow.
The closing price for Apple (AAPL) in 2004 was $0.98, on December 31, 2004. It was up 198.9% for the year. The latest price is $129.95.
The all-time high Apple stock closing price was 180.73 on January 03, 2022. The Apple 52-week high stock price is 179.61, which is 37.4% above the current share price.
Amazon's market capitalization topped out at roughly $1.9 trillion back in July 2021.
This list comprises the world's largest companies by consolidated revenue, according to the Fortune Global 500 2022 rankings. American retail corporation Walmart has been the world's largest company by revenue since 2014.
One trillion equals a thousand billions, or million millions. 1 trillion consists of 1 followed by 12 zeros, that is, 1, 000, 000,000, 000 and can be written as 1012 (ten to the twelfth power). It takes about 32,000 years to finish 1 trillion seconds.
Even if the third quarter revenue of Apple is compared with the GDPs of various countries across the world, the company will be ranked 70th. It will be just behind Oman and ahead of Sri Lanka.
Apple's Net Worth is More Than Amazon, Meta and Alphabet Combined- See Net Worth of these 3 Tech Giants. Net Worth of Apple: Apple is now worth more than Alphabet, Amazon, and Meta, combined, after closing trading on Wednesday with a market value of $2.307 trillion.
Taking into account Amazon's four stock splits, these 555 shares would have multiplied into 133,200 shares, as of today. With Amazon ending the previous week at $123.53, it means a $10,000 investment a little over 25 years ago would now be worth (get this...) $16,454,196.
Given Microsoft now trades at $238.73 per share, that translates to a return of 327,401%. In dollar terms, that $1,000 investment in 1986 would be worth a whopping $3.23 million today.
Value of $1 from 1984 to 2023
$1 in 1984 is equivalent in purchasing power to about $2.87 today, an increase of $1.87 over 39 years. The dollar had an average inflation rate of 2.74% per year between 1984 and today, producing a cumulative price increase of 186.82%.
The word trillion was first used in the 1680s and comes from the Italian word trilione. The word originally meant the third power of one million. As a result, it was mainly used to express the concept of an enormous number, similar to the words zillion and gazillion.
It would take almost 12 days for a million seconds to elapse and 31.7 years for a billion seconds. Therefore, a trillion seconds would amount to no less than 31,709.8 years.
Market cap: $1.137 Trillion
As of January 2023 Alphabet (Google) has a market cap of $1.137 Trillion. This makes Alphabet (Google) the world's 4th most valuable company by market cap according to our data.