Home OyBytes Percentage rise in Apple's value from the date of incorporation

Percentage rise in Apple’s value from the date of incorporation

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.

Also Read: Apple may soon launch iMac with a bigger screen

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!

Percentage rise in Apple's value from the date of incorporation

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.

Hardik Masani
A simple person who likes to write, play, explore new places. Hardik is currently pursuing a bachelor's degree in IT. He is someone who likes to be surrounded by people and have a good time.
RELATED ARTICLES

45% of apps used were games in the First Quarter of 2021

In 2020, 218 billion applications were downloaded, marking a 7% increase from the previous year. According to new data from AdColony, this is the...

Google’s Shopping app for mobile devices is being discontinued

According to 9to5Google, Google is shutting down its mobile Shopping applications for iOS and Android and redirecting users to its online Shopping platform instead....

YouTube remains the most popular social media platform in the US in 2021: Report

YouTube is used by about 81 percent of people in the United States and is the country's most popular social media platform in 2021,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

45% of apps used were games in the First Quarter of 2021

In 2020, 218 billion applications were downloaded, marking a 7% increase from the previous year. According to new data from AdColony, this is the...

Google’s Shopping app for mobile devices is being discontinued

According to 9to5Google, Google is shutting down its mobile Shopping applications for iOS and Android and redirecting users to its online Shopping platform instead....

YouTube remains the most popular social media platform in the US in 2021: Report

YouTube is used by about 81 percent of people in the United States and is the country's most popular social media platform in 2021,...

Twitter in discussion to takeover Clubhouse for $4 Billion

Twitter is already working on a rival to Clubhouse, the popular social audio app, and has reportedly considered buying the business outright. According to...