Apple, the tech giant company that makes the iPhone and iPad, has made historical records. In reality, Apple has become the first company with an estimated market value that is three trillion bucks. After the increase in the shares of its stock on Monday the company now has an estimated valuation of $3 trillion. The road to this point has been fascinating and has seen the growth of its last trillion extremely quickly.
If you take a look at the journey of Apple to get to this milestone, Apple, which started in 1976, surpassing the threshold of one trillion dollars in August of 2018. Apple had to travel quite a distance of 42 years to accomplish this feat. In addition, it took almost two years for the value to exceed $2 trillion, based on a $1 trillion market value.
The company crossed the mark of three trillion dollars quickly. According to an article, it took the company just one year and 15 months before it reached the market value of $3 trillion.
American technology company Apple has broken yet another record. Apple has surpassed on Monday the threshold of $3 trillion ($3 trillion) market value. You’ve probably seen the names of top companies of the world, including Walmart, Disney, Netflix, Nike, Exxon Mobil, Coca-Cola, Comcast, Morgan Stanley, McDonald’s, AT&T, Goldman Sachs, Boeing, IBM, and Ford. When we add giant corporations all over the globe, the valuation of Apple is significantly greater. Apple is the most publicly traded corporation to have achieved this level. The shares of the company were trading at $182.01 on Monday.
The company, which began as a garage located that, was located in California around 1976. It has increased its revenue to the tune of $3 trillion. Apple reached the milestone of one trillion dollars in August of 2018. It took quite a distance of 42 years to reach this achievement. Two years later, the value of the business was over $2 trillion. It took just sixteen months and fifteen days for the company to attain its next trillion i.e. three trillion in market value.
In all honesty, the amount that is $3 trillion in value seems staggering. It is greater than the worth of all the cryptocurrencies used worldwide. It’s about the same as the economy of Britain or India. It’s about the same as six JPMorgan Chase which is the biggest US bank or 30 General Electric’s Co. Another tech giant Microsoft might be joining Apple’s club of $3 trillion this year.
On the debut day of trading from 2022 onwards, the shares of Silicon Valley Company hit a record intraday high of $182.88 and pushed Apple’s market capitalization to just over $3 trillion. The stock closed in the upward direction of 2.5 percent to $182.01 The Company’s market capitalization of $2.99 trillion.
The world’s largest company hit a milestone when investors believe that consumers will continue to shell out top prices for iPhones or MacBooks as well as services such as Apple TV and Apple Music.
Amid Apple’s market cap hitting the $3 trillion mark the share price of its shares concerning its value in the Nasdaq 100 Index is rising against a critical technical threshold. Recently the price of shares has exceeded these levels but then dropped.