Apple is currently the world’s most valuable company by market capitalization according to various sources. As of 2021, the company has a market cap of more than $2 Trillion. From a struggling $5 billion company in 2000 to be the most valuable company of all time, Apple has come a long way. The company has seen a rise of almost 40,000 Percent.
The first corporation in the United States to cross the two trillion-dollar mark did so in August-2020. Although it was not the first company to reach this milestone, the Saudi Arabian oil and gas giant Saudi Aramco made the first ascent to similar heights back in December 2019.
Where was Apple two decades ago?
Apple was named as Steve Jobs, the company’s founder, liked the particular fruit. The origins of the name Apple were shrouded in mystery, but in fact, Jobs liked the fruit and named the business after it.
The company originally had three co-founders, Ronal Wayne, Steve Jobs, and Steve Wozniak. Ronald Wayne had joined co-founders, Steve Jobs and Steve Wozniak but he left the company only 12 days after it was founded. He sold his 10% share for only $800 and got an additional payout of $1,500. Had he stayed with the company, his shares would be worth today around $80 billion!
Where is apple now?
Apple’s market capitalization currently exceeds that of Microsoft ($1.7 trillion), Amazon ($1.6 trillion), Alphabet ($1.1 trillion), and Facebook ($761 billion), all of which are based throughout the United States. Apple was also the first U.S. corporation to cross a $1 trillion market value, which it reached on August 2, 2018.
When many people were expected to sit at home due to the pandemic, Apple thrived. Work-from-home developments and high online revenues also helped the group, which recorded record third-quarter profits last year in late July, with approximately $60 billion in revenue and double-digit increases in its goods and services divisions.
An interesting fact: With worth more than $2 Trillion, Apple’s market value is currently higher than the GDP of a number of developed countries, including Italy, Brazil, Canada, Russia, and South Korea, to name a few.
What can we expect in the future?
With a company like Apple, which is only growing day by day, it is certain that it will grow more in the near future. Also, Apple stock is now about to become more available to buyers. Although the company’s valuation will remain unchanged, there will be more shares available at lower rates.