Apple Makes History as the First Public Company to Reach a Staggering $3 Trillion Valuation.
Apple Inc. is an American multinational technology company headquartered in Cupertino, California. Apple is one of the world’s largest technology company.
That is correct. Apple closed on Friday, June 30, 2023 with a market value of $3 trillion, making it the first public company to reach that milestone. The technology company closed the trading day at $193.97 per share, up more than two percent from the day before.
Apple’s market value has been on a steady climb in recent years, thanks to the company’s strong financial performance and its continued dominance in the smartphone market. In 2022, Apple generated $394.3 billion in revenue, up 11% from the previous year. The company’s iPhone business accounted for $294.1 billion of that revenue, up 9% from 2021.
Apple’s market value is now more than twice the size of the next most valuable company, Microsoft, which has a market value of $1.9 trillion. Apple’s market value is also more than the GDP of many countries, including Canada, India, and Russia.
Apple’s achievement is a testament to the company’s innovation and its ability to adapt to changing market conditions. The company has been able to stay ahead of the competition by constantly developing new products and services, and by investing heavily in research and development. Apple is also a master of marketing, and it has been able to create a loyal customer base that is willing to pay a premium for its products.
It remains to be seen whether Apple can maintain its current market value in the years to come. However, the company’s track record suggests that it is well-positioned for continued success.
About Apple and it’s achievement :-
• Founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. The company’s first product was the Apple I, a computer designed and hand-built entirely by Wozniak.
• Went public in 1980. The company’s initial public offering (IPO) was one of the most successful in history, raising over $220 million.
• Introduced the Macintosh in 1984. The Macintosh was the first personal computer to feature a graphical user interface (GUI), which made it much easier to use than previous computers.
• Steve Jobs was fired from Apple in 1985. Jobs was ousted from the company by then-CEO John Sculley.
• Jobs returned to Apple in 1997. Jobs came back to Apple after the company was on the brink of bankruptcy. He quickly turned things around, introducing a number of successful products, including the iMac, iPod, iPhone, and iPad.
• Apple became the first trillion-dollar company in 2018. Apple’s market capitalization reached $1 trillion in August 2018, making it the first publicly traded company to reach that milestone.
• Apple became the first two-trillion-dollar company in 2020. Apple’s market capitalization reached $2 trillion in August 2020, just two years after becoming the first trillion-dollar company.
• Apple became the first three-trillion-dollar company in 2023. Apple’s market capitalization reached $3 trillion in January 2023.
Top Apple Products 2023 :-
