Apple net worth in 2022: Apple is now a company with a market value of three trillion dollars
- Get link
- Other Apps
US tech giant Apple made history again. As the first company in the history of the world, the iPhone maker has reached the market value of three trillion dollars.
Apple co-founder and former chief executive Steve Jobs said the company's share price has risen nearly 5,800 percent since the first iPhone was unveiled in 2007.
However, before the end of Monday's trading on the New York Stock Exchange, the market value of the company fell to 2.99 trillion or two lakh and ninety nine thousand crore dollars.
Sales of electronic gadgets and technology products increased during the epidemic; The BBC has commented that Apple has benefited from this situation.
Dan Ives, an analyst at investment firm Wadebush, commented on Apple's new milestone: "The touch of three trillion dollars (market value) is another historic moment for Apple. The organization is proving the suspects wrong. ”
It took Apple 16 months to reach three trillion dollar milestones from two trillion dollars market value.
The demand for smartphones, tablets and laptops has increased in the market for technology products during the lockdown due to the epidemic. Apple has also found success in consumer demand.
In August 2018, Apple became the first company in history to reach the milestone of one trillion dollars. It also set a record for the first company to reach a market value of $2 trillion.
At present, half of all devices sold by Apple are iPhones, according to a BBC report. There is also a significant demand for iPad tablets and Mac computers in the market.
In addition to devices, Apple's other major source of revenue is the company's App Store-based software business. Other sources of income include customer service in iCloud, music, television and fitness.
However, behind the recent success of Apple, its software business has a strong role and the market value of the software business is probably around one trillion and fifty billion dollars, Dan Ives thinks.
In August, Apple CEO Tim Cook completed a decade as CEO. Cook received 5 million shares of the company on the occasion of its tenth anniversary. However, documents from the US Securities and Exchange Commission (SEC) show that Tim Cook sold the lion's share of the stock for $750 million over the decade. The 5 million shares were part of an agreement signed when Steve Jobs took over as CEO.
Apple was founded by Steve Jobs in 1976 with friends Steve Wozniak and Ronald Wayne. The company had a market capitalisation of $1.8 billion when it entered the stock market in 1980.
Apple Computer, built by Wozniak and Jobs, sold for $4.5 lakh at auction in November.
- Get link
- Other Apps
Comments
Post a Comment
Go text