The stock ended the session up 2.5% at $182.01, with Apple's market capitalization at $2.99 trillion. Tim Cook is now worth over a billion dollars. Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today. A company's net worth is calculated as its assets minus liabilities. With Tesla now the world's most valuable automaker as Wall Street bets heavily on electric cars, many investors expect Apple to launch its own vehicle within the next few years. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. According to the most recent Consumer Expenditure Survey from the U.S. Bureau of Labor Statistics (BLS), the average household earns $84,352 a year and spends Airport service workers from more than 15 airports staged strikes and rallied on Capitol Hill on Dec. 8 for a national day of action. It was founded in 1976 by three technicians Steve Wozniak, Ronald Wayne, and Steve Jobs. The Apple 52-week high stock price is 182.94, which is 28% above the current share price. The market capitalization, commonly called market cap, is the total market value of a publicly traded company's outstanding shares and is commonly used to measure how much a company is worth. Samsung Net Worth vs Apple Net Worth Alphabet joins the ranks of tech giants Apple ( AAPL) and Microsoft ( MSFT ), which are the only other. Microsoft and Apple shared the $2 trillion market value club but Microsoft is still at $2.5 trillion and Apple has crossed the $3 trillion mark. What that would look like in iPhones. Apples total shareholders equity at the end of its fiscal year 2022 was $50.67 billion. See here for a complete list of exchanges and delays. The current price of the firm is $142.16. Cooks net worth is $1.8 billion as of Nov. 3, according to the Real-Time Billionaires List by Forbes. Every year when Apple drops a new version of the iPhone, Shaq spent over $750,000 and buys over 50 new iPhones to distribute among the public. You may opt-out by. The federal budget is an itemized plan for the annual public expenditures of the United States. This large and growing base of devices is clearly leading to consistent sales of services that generate a high gross margin of 70% compared to Apple's companywide gross margin of 42%. But there are other aspects of the business that show why Apple is worth an impressive $3 trillion and could perhaps grow to be worth more. In its third-quarter of 2019, Apple earned $2.18 a share. With Apple's valuation touching the $1-trillion mark, the company's value is now worth two times the value of Facebook, seven times of Netflix and 42 times more than the value of Twitter. One can imagine what record it will break next. Net Worth. Not So Fast, Analysts Say, Apple, Microsoft, Amazon, Google And Facebook Make Up A Record Chunk Of The S&P 500. Apple is now worth about three quarters of a trillion dollars: $750 billion. The goal? Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Not So Fast, Analysts Say (Forbes), Apple, Microsoft, Amazon, Google And Facebook Make Up A Record Chunk Of The S&P 500. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. But a closer look at the business shows a massive subscription platform on the rise. "Federal Debt: Total Public Debt.". The company has a higher revenue rate as a comparison to any other company in this field. If you're looking for Apple's net worth in 2022, then check out how much money Apple makes and is worth today below. Apple Inc. Net Worth: $907 Billion The first Apple computers were released in 1976, and the users were unsure about this new product. In early 2020, Alphabet became the third American tech company to reach a $1 trillion valuation, joining Apple and Microsoft Tesla and Amazon since have joined the club.. Print Article. . It wouldn't even be $1.2 trillion. "List of Stock Markets. Why Apple is worth $1 trillion. Shareholders equity, which likewise equals total assets minus total liabilities, is essentially a companys net worth. Released on Oct. 27, Apple's fourth-quarter 2022 earnings surpassed analysts' expectations. Although Amazon posts great marks, it is not bigger than Apple. As we head into the holiday season with our most powerful lineup ever, we are leading with our values in every action we take and every decision we make, Cook said in a press release. Early A good manager often needs to encompass a breathless and seemingly endless list of characteristics. Call Us : 7976204663 Email : info@theteambillionaire.com. Shaquille O'Neal distributes free Apple iPhones every year. Net income can be defined as company's net profit or loss after all revenues, income items, and expenses have been accounted for. The Apple Inc. company manufactures a wide variety of electronic devices and technologies, including smartphones, tablets, PCs, and more. The Apple 52-week low stock price is 129.04, which is 9.7% below the current share price. Growth in Services revenue, which fell short of analyst expectations in the September quarter, will be impacted by the macroeconomic environment increasingly affecting foreign exchange, digital advertising and gaming, Maestri said. Apple does not sell everyday essentials. Its net worth as of 2020 was an impressive $65 billion. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. On Aug. 2, 2018, Apple (AAPL) made history by becoming the world's first publicly traded company to achieve a market capitalization of $1 trillion. The firm has a market capitalization of $2.26 trillion, a . It overtook Saudi Aramco as of Friday to become the world's biggest . Steve Jobs and Steve Wozniak met through a mutual friend and bonded over their love of technology. International COVID-19 Stimulus and Relief, National Debt: Definition, Impact, Key Drivers, Current U.S. Debt. In China, the world's largest smartphone market, Apple continued to lead for the second straight month, beating rivals such as Vivo and Xiaomi, recent data from CounterPoint Research showed. . in English with a Specialization in Business from UCLA, John Csiszar worked in the financial services industry as a registered representative for 18 years. That's five times the level of subscriptions it had five years ago. Its market cap crossed $1.9 trillion yesterday, closed just below that level and as of this writing is around $1.88 trillion. The consensus rating from 32 of 38 analysts covering Apple stock is buy or strong buy, with the rest rating Apple a hold. The composite price target is $179.92, according to Yahoo Finance. The iPhone maker entered. To equal Apple's market cap, one must combine the net worth of the world's top 24 billionaires.. ", Yahoo Finance. That helped Apple reduce its reliance on the iPhone to about 52% of total revenue in fiscal 2021 from over 60% in 2018, pleasing investors worried the company relied too much on its top-selling product. As of December 2022 Apple has a market cap of $2.269 Trillion . Those exchanges immediately behind Apple are theFrankfurt Stock Exchange, South Korea Stock Exchange, Stockholm Stock Exchange, and Swiss Stock Exchange., The U.S. governments expenses far exceed its revenue generation, leading to a burgeoning budget deficit which has been a subject of hot political debates. In the shorter term, Apple Chief Financial Officer Luca Maestri said during an earnings call that the company expects revenue Mac revenue in particular to slow in the December quarter compared to the September quarter. Apple net income for the quarter ending September 30, 2022 was $20.721B, a 0.83% increase year-over-year. Put it like this, Apple could buy 1 billion people a $999 iPhone X and still have $1 billion left over. Here's how Apple's performance compares to top software provider Adobe, which sells at a much higher P/E than Apple. "How Much is Tim Cook Worth?". Apple Net Worth in 2022 Apple Net Worth As of 2022, the net worth of Apple is $2 trillion. Apple generated over $205 billion from iPhone sales in 2022, which accounted for over 52% of its net salesfollowed by services revenues at over $78 billion, wearables and accessories at over $41 billion, Mac sales at $40 billion, and iPad sales at over $29 billion. While virtually everyone needs a phone or computer these days, not everyone chooses to pay a higher price to own an Apple device. However, Cook is optimistic for what lies ahead this quarter. The world's largest company is Apple Inc., a Cupertino-based American tech company with a market capitalization of $2.4 trillion. "Apple becomes first U.S. company to reach a $2 trillion market cap. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Alphabet Inc (GOOGL.O), Amazon.com Inc and Tesla Inc (TSLA.O) have market values above $1 trillion. Among its many accomplishments the iPhone, the iPad, iTunes, the App store Apple can now boast of one more: It was briefly worth more than $2 trillion, making it the first company in the. Reporting by Nivedita Balu in Bengaluru, Additional reporting by Eva Mathews and Chavi Mehta in Bengaluru, Noel Randewich in Oakland, Calif., and David Randall in New York The stock briefly hit $3 trillion in market value recently, which is more than 10% of. In March 2020, the American economy went into full shutdown mode in response to the coronavirus pandemic. Your financial situation plays a large part in determining whether or not you should invest in stocks at all let alone invest in a specific stock like Apple. Below is a breakdown of the former calculation. While wars cause the destruction of life that cannot be measured, a 2010 Congressional Research Service reportestimated the economic cost of each U.S. war between 1775 and 2010, adjusting the figures to reflect constant dollar prices as of the fiscal year 2011. While still serving as vice president, his net worth was $2.5 million, but in the years between holding political office his net worth shot up to $8 million, according to Forbes. Heres Why That Might Be Dangerous (Forbes), This is a BETA experience. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. Just as Apple's market capitalization hits the $3 trillion milestone, its share price as a percentage of the Nasdaq 100 index's (.NDX) value is bumping up against a key technical level. 10 Coca-Cola Products You Can't Buy Anymore, Inflation Has Led to 44% of Americans Taking Up a Side Hustle, Up 13% Since 2020, 3 Best Places To Sell Furniture Online When You Need Money Fast. Apple was also the first U.S. company to reach a $1 trillion market cap, which it did just over two years ago, on August 2, 2018. "The icing on the cake, which may turn out to be the cake, is the potential for an EV car," Rhys Williams, chief strategist at Spouting Rock Asset Management said. Senators Elizabeth Warren and Tina Smith are demanding an accounting from the Federal Reserve and other U.S. financial regulators of banks' cryptocurrency activity and ties to the industry following the implosion of crypto exchange FTX. While the value of the company will remain the same, there will now be more shares available trading at lower prices. Shares saw record highs that year and in each of the two years since. All quotes delayed a minimum of 15 minutes. Apple became the first ever public company to reach $3 trillion in market value after the stock rallied 3% Monday. Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. It also exceeds the total value of stocks on most exchanges worldwide. The company acquired incomes of 2 trillion dollars in August 2020 and 147k employees along with 510 trade stores in more than twenty-five nations of the world. ", Forbes. This is a share price of $3,275 in contrast to today's share price of $506. The two Steves co-founded Apple in 1976, laying the foundation for what would become one of the worlds most profitable companies, according to the Fortune Global 500 list. Tim Cook was named CEO in August 2011. With the total assets valued at 323.888 billion US dollars, Apple has treated itself with a net worth of approximately 2.43 trillion US dollars in the year 2021. At $2 trillion, Apples market value is now higher than the GDP of numerous developed countries, including Italy, Brazil, Canada, Russia and South Korea, to name a few. The case can be made that Apple is fairly valued at $3 trillion. Jan 3 (Reuters) - Apple Inc (AAPL.O) on Monday became the first company to hit a $3 trillion stock market value, before ending the day a hair below that milestone, as investors bet the iPhone. Cook's net worth estimate is based on an analysis of regulatory filings and applying . They became successful because they made computers that people wanted to use. That would put Jobs ahead of the world's current richest man,. A trillionaire is an individual with a net worth of more than one trillion in U.S. dollars or another similarly valued currency. For starters, market cap changes frequently, and its closely tied to the companys current share price. Every day, get fresh ideas on how to save and make money and achieve your financial goals. Along the way, Csiszar earned both Certified Financial Planner and Registered Investment Adviser designations, in addition to being licensed as a life agent, while working for both a major Wall Street wirehouse and for his own investment advisory firm. Apple plans to make new contributions of more than $430 billion in the US and add 20,000 jobs across the country over the next five years. It should be noted that Apple's valuation of $1.04 trillion, which is far ahead of Facebook's market cap at 513.29 billion or Netflix's $149.30 . As of March 15, 2021, Microsoft's market cap was $1.8 trillion, which is approximately 87% of Apple's.. The Motley Fool recommends Adobe Inc. and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. A full article of apple company owner and co-founder net worth $2.7 trillion valuation 2022 the steve & Laurene Powell jobs. The rise, fall, and rise again of the company, has been chronicled in magazines, books, and television movies. Back in 2004, Shaquille O'Neal invested $1 million in Apple. Google is currently worth around $852 billion and . 2 August 2018. The standard for what makes Americans wealthy has never been clearly defined, though you could usually qualify by being a millionaire. Acquiring a gross value of $1 trillion in recent times is the biggest ever achievement of the company. Mark Kolakowski has been a business consultant, freelance writer, and business school lecturer, after a career at Merrill Lynch. That's more than double what it was worth just over two years ago when it became the first publicly traded U.S. company to . Apple's market cap now eclipses that of other U.S. tech giants, including Microsoft ($1.7 trillion), Amazon ($1.6 trillion), Google parent Alphabet ($1.1 trillion) and Facebook ($761. Apple had a stunning start to 2022 when it briefly became the first company to touch a $3 trillion (2.6 trillion) market value on Monday before closing the day just short of the mark. Is Apple a successful company? In 2018, Apple broke the record to become the first company to record a $1 trillion market capitalization. The Team Billionaire . Analysts were looking for $2.07. The stock briefly hit $3 trillion inmarket value recently,which is more than 10% of the U.S. economy. Jan 3 (Reuters) - Apple Inc (AAPL.O) on Monday became the first company to hit a $3 trillion stock market value, before ending the day a hair below that milestone, as investors bet the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality. Walled Lake Planning & Wealth Management LLC's holdings in Apple were worth $6,293,000 as of its most recent filing with the SEC. Apple's net worth is $24.50 trillion ($2.45 trillion) in 2022: Apple becomes the first company to hit the $3 trillion mark. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. is essentially a company's net worth. They were sold in a computer club by Steve Jobs and Steve Wozniak. Still, some investors worry Apple is hitting the limits of how much it can expand its user base and how much cash it can squeeze from each user, with no guarantees that future product categories will prove as lucrative as the iPhone. Revenue was up a record 8% year over year. However, Apple's value pales in comparison to the nation's total federal debt of $26.945 trillion.. Enterprise Value is expected to hike to about 1047 B this year, although Tangible Asset Value will most likely fall to nearly 358.4 B. Apple Inc shows a prevailing Real Value of $162.11 per share. As time went on, the releases escalated both in features and in product design. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Number of outstanding shares of APPLE = 16403316000.00. Price as of December 9, 2022, 4:00 p.m. Apple's large installed base of devices was 1.65 billion at the start of calendar 2021,but management noted that it hit another record high during the September-ending quarter. After earning a B.A. Amazon reported a 2020 net worth of $43.55 billion, trailing behind Apple's $65 billion. CNBC. Budget Deficit: Causes, Effects, and Prevention Strategies, Apple becomes first U.S. company to reach a $2 trillion market cap, Monthly Budget Review: Summary for Fiscal Year 2020. Heres Why That Wont Happen Anytime Soon In The U.S. Minneapolis Officer Who Kneeled On George Floyds Back Sentenced To 3.5 Years In Prison, Juul To Pay $1.2 Billion To Settle Youth-Vaping Lawsuits, Manatee Cousins, Coral And Abalone Among 10% Of Marine Life At Risk Of Extinction, World Cup Shocker: Croatia Knocks Out Favorite Brazil Even As Neymar Ties Pels Goal Record, Americans Have Lost $6.8 Trillion This Year As Stocks Crashed, Housing Market Collapsed And Savings Dwindled, Uber Reportedly Sues New York City Taxi Commission To Block Fare Increase, Netflix Comeback? Microsoft exceeded the $1 trillion mark on June 7, 2019. The iphone maker broke the barrier when its share price hit $182.86 briefly. The gains came two days after . Shares have fallen 26% since then, dragging the market cap down to $2.22 trillion as of Nov. 3. Despite where it's headed, it maintains its position at the top. After PetroChina and Apple, four other companies have surpassed the $1 trillion mark. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The iPhone maker is close to topping a market value of more than $3 trillion the first publicly traded company ever to be worth that much. An investor and market watcher since the 1970s, he received an AB in economics from Harvard College, an MBA in finance from The Wharton School of The University of Pennsylvania, and authored the book Career Confidential: An Insiders Guide to Business. Apple is a consumer products juggernaut. Key Quote "When we started, we. The history of Apple Inc. is the stuff of corporate legend. Products of Company: E-commerce, cloud computing, digital streaming, and artificial intelligences. Invest better with The Motley Fool. Earnings of a total $1.1 trillion form the foundation of the $580 billion Apple worth to investors via its stock. A tariff war is an economic battle between countries where they levy additional taxes on each other's exports. Apple, the computer company that started in a California garage in 1976, is now worth $3 trillion. He earns approximately $15 million per year in salary and bonuses.. Celebrity Net . However, it has yet to reach Apple's $2 trillion market cap milestone. The debt ceiling is a limit Congress imposes on the amount the federal government can owe. Apple's CEO Tim Cook is estimated to have a net worth of $1 billion. Debt Ceiling Defined: What Is the U.S. National Debt Ceiling? The company has benefited from work-from-home trends and strong online sales; It posted record third-quarter earnings in late July, with nearly $60 billion in revenue, not to mention double-digit growth in its products and services segments. On April 30, 2019, Microsoft (MSFT) joined Apple . The Combined Net Worth of the World's 18 Richest People. The all-time high Apple stock closing price was 180.96 on January 03, 2022. The latest closing stock price for Apple as of December 06, 2022 is 142.91. Under Tim Cook, who in 2011 became chief executive following Jobs' death, Apple has sharply increased its revenue from services like video streaming and music. From a 52-week (as of Jan. 4) low of $116.21, Apple stock reached its highest-ever price of $182.94 on Jan. 4. E-commerce and tech giant Amazon joined the $1 trillion club in September 2018, one month after Apple. Apple shares are about to get more affordable for investors, too. The offers that appear in this table are from partnerships from which Investopedia receives compensation. The only exception is World War II, with an estimated cost of $4.1 trillion in 2011 dollars., Jeff Bezos is the worlds richest man according to Forbes magazine, which estimated his net worth to be $182.2billion as of March 15, 2021. The combined wealth of the top 10 on the Forbes list, including other well-known names such as Bill Gates and Warren Buffett, is estimated at $1.19 trillion, which is below Apple's market value. The table below is by no means exact, but it should give a good idea of the . "Monthly Budget Review: Summary for Fiscal Year 2020. U.S. Please try again later. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Apple becomes most valuable American company EVER and worth more than $2 trillion after 60% rise in share price Apple's share price hit $468.35 on Wednesday for a market cap of $2. So, for example, if a company has issued one million shares of stock and its share price is $50, the company has a market capitalization of $50 million. This is approximately 13 times greater than Apple's market cap. Apple's value is greater than the $2.76 trillion GDP of the United Kingdom but still short of the $3.85 trillion GDP of Germany, according to World Bank data. The world's most valuable company reached the milestone as investors bet that consumers will continue to shell out top dollar for iPhones, MacBooks and services such as Apple TV and Apple Music. As of August 2020, Apple, a leading global technology firm based in the United States, had a net worth of $2 trillion. Apple became the world's first trillion-dollar public company on Thursday, as a rise in its share price pushed it past the landmark valuation. A trillion is . Apple briefly hit a $3 trillion market cap on Jan. 3 making it the first public company ever to do so. Used Car Market: Who Are the Biggest Winners and Losers as Prices Drop? Still, the tech titan has delivered very consistent EPS growth. Apple's CEO Tim Cook is estimated to have a net worth of $1 billion. The Motley Fool has a disclosure policy. Apple has soundly beaten the market averages, with the shares rising 360% over the last three years. In the years prior to the COVID-19 pandemic, the general definitions of "good" management often You've been waiting all year, eagerly anticipating your holiday bonus. Interactive chart of historical net worth (market cap) for Apple (AAPL) over the last 10 years. The industry leader for online information for tax, accounting and finance professionals. TV. There was an unknown error. In recent prior times, the stock price has risen above such a level and then subsequently declined. Apple's consistent earnings growth justifies that higher premium. Management made the case for this scenario on the last earnings call. Apple has 745 million paid subscriptions across its services. But then, the amount is not what you Making $50 per hour is no small feat. These offers do not represent all available deposit, investment, loan or credit products. One of the largest exchange-traded funds (ETFs) is the Vanguard S&P 500 ETF, amounting to $636 billion in net assets. Microsoft has an impressive market cap; however, it is not as large as Apple's. That is three times higher than six years ago. ", Federal Reserve Bank of St. Louis. In August 2020, Apple became the second company in the world to hit the $2 trillion value mark, behind Saudi Arabias Aramco. Apple is an American multinational technology company that has a net worth of $1 trillion, as of 2020. Here's the 1 Social Security Change in 2023 That's Going to Hurt the Worst, 2 Stocks Down 19% to 51% to Buy Right Now, Join Nearly 1 Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Apple Net Worth As of August 2022, The estimated net worth of Apple at around $1.3 Trillion that makes it one of the wealthiest companies all over the world. All things considered inflation and a bear market, to name two Apple is having a good run so far in 2022, but the company has been a long-term success story as well. Making the world smarter, happier, and richer. Apple's total shareholders' equity at the end of its fiscal year . Apple continues to break records with its performance, shattering the market cap ceiling in 2018 at $1 trillion and again in 2020, doubling to $2 trillion. Its stock price retreated back below $2 trillion shortly after topping the number. Most of the gain is a result of an expansion in the multiple investors are willing to pay for Apple's earnings per share (EPS), or the price-to-earnings ratio, rather than growth in the business itself. ", Congressional Budget Office. Apple is worth $2.08 trillion as of the latest report. Apple briefly hit a $3 trillion market cap on Jan. 3 making it the first public . Once you have the envelope in your hand, you can hardly contain yourself as you open it. What does $1 trillion really mean? For a brief example, let's compareCostco WholesaleandKroger. Congressional Research Service. The rapid embrace of technologies such as 5G, virtual reality and artificial intelligence has also increased the allure of Apple and other Big Tech companies. Our in-house research team and on-site financial experts work together to create content thats accurate, impartial, and up to date. Apple shared the $2 trillion market value club with Microsoft Corp (MSFT.O), which is now worth about $2.5 trillion. Apples market cap now eclipses that of other U.S. tech giants, including Microsoft ($1.7 trillion), Amazon ($1.6 trillion), Google parent Alphabet ($1.1 trillion) and Facebook ($761 billion). ", TradingHours.com. New Delhi: Apple became the first company to scale a market cap of $3 trillion on Monday. apple company net worth $2.7 trillion valuation 2022. . Apple Net Income 2021 Awards and Achievements Apple is considered as one of the most valuable companies all over the world. In 2022, Apple's net worth was estimated to be $2 Trillion. Comparatively, Apple's net worth in 2022 is estimated to be $2.655 Trillion ($2655 Billion). The stock currently trades for a P/E of 49 and 8.6 times trailing-12-month revenue. ET, 1 Green Flag for Apple Stock in 2022, and 1 Red Flag, Why Apple Stock Eked Out a Market Beat Today, 3 No-Brainer Stocks to Buy Amid the Tech Sell-Off, Why Investors Should Love Apple's Dividend, Why Apple, Salesforce, and Qualcomm Stocks Are Volatile Today. In 2022, Apple is worth two and a half trillion dollars. Wedbush analyst Dan Ives believes Apple's services business is currently worth $1.5 trillion alone, or half of the company's current market value. Which Company Is Richer, Microsoft or Apple? Should You Buy the 5 Highest-Paying Dividend Stocks in the S&P 500? Released on Oct. 27, Apples fourth-quarter 2022 earnings surpassed analysts expectations. But it's not just the growth of high-margin services that deserves attention. Investopedia does not include all offers available in the marketplace. Market cap does have its drawbacks as an evaluation method, however. *Average returns of all recommendations since inception. The company became the first ever tech company to cross a net worth of $1 trillion. Reported by Bloomberg, Apple's share price rose about 5% last week, which has gotten the company extremely close to the record market value of $2 trillion and also thrust its CEO Tim Cook into the billionaire world. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. Of these, 216, or 97.3%, generate less than $2.08 trillion in annual GDP.. The accelerated commitment will fund a new North Carolina campus and job-creating investments in innovative fields like silicon engineering and 5G technology. Apple is an American multinational technology company that has a net worth of $1 trillion, as of 2020. To see how much Apple is worth, take a look at this snapshot of the companys current state, along with a discussion of the companys history, value and future outlook. You can learn more about the standards we follow in producing accurate, unbiased content in our. More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today. In the same quarter one year ago, Apple posted revenue of $53.8 billion. The record $2 billion Powerball jackpot made news, and not for the exorbitant prize or the extremely low odds of winning -- about 1 in 292.2 million. Apple's stellar returns over the last few years are mostly due to an expansion in the price-to-earnings ratio. $285bn mountain of cash reserves and made a net . The Motley Fool owns and recommends Apple, Costco Wholesale, and Netflix. The rise, fall, and rise again of the company, has been chronicled in magazines, books, and television movies. "The market is rewarding companies that have strong fundamentals and balance sheets, and the companies that are hitting these sort of huge market caps have proven they are strong businesses and not speculation, said Scott Wren, senior global market strategist at Wells Fargo Investment Institute. The total market capitalization of all shares traded on the top U.S. stock exchanges was $45.57 trillion as of March 15, 2021. Apple represents 4.56% of that total. The history of Apple Inc. is the stuff of corporate. Apple is now worth $2 trillion. If we assume that Apple will grow its owner earnings at 5% for the next 10 years, and then 2% for all years after that (with adjustments for cash and debt), Apple's market cap wouldn't be $453 billion. The top streamer has a recurring monthly revenue stream coming from 213 million paying members. Apple's services reached a record $68 billion in revenue during fiscal 2021. "Apple beats but comes up light on iPhone sales and services. The average share price of AAPL during the week 45-2022 = $141.97. On the first day of trading in 2022, the Silicon Valley company's shares hit an intraday record high of $182.88, putting Apple's market value just above $3 trillion. These offers do not represent all available deposit, investment, loan or credit products. Year: Revenue: 2006: $19.3 billion: 2007: $24.45billion: 2008: $37.62 billion: 2009 . U.S. federal government debt as of Sept. 30, 2020. The iPhone makers stock is up almost 55% so far in 2020, and shares have rallied more than 106% since the market hit a low point amid the coronavirus recession on March 23 (compared to the benchmark S&P 500s gain of 51% over that period). The Market Value of Some Stock Exchanges, 4. Apple's market cap is $160 billion higher than the second most valuable company in the U.S. Google parent Alphabet is . With a rabidly loyal consumer base and a wildly popular product line, Apples business model seems poised for further growth in the future. Now trading at nearly $470 per share, Apples stock is at an all-time high, and Wall Street analysts are still quite bullish that it can continue to rally: 61% give it a buy rating and 27% a hold rating, according to Bloomberg data. It doesnt take into account any of the direct financial metrics of the company, such as earnings per share, growth rate or book value. Compared to the U.S., the world's largest economy with a GDP of $21.43 trillion in 2019, Apple's market cap represents 9.7%., Only 7 countries have annual GDP figures greater than Apple's market cap. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Its market capitalization, or market value, is calculated as the total number of outstanding shares of stock multiplied by its market price. Apple net income for the twelve months ending September 30, 2022 was $99.803B, a 5.41% increase year-over-year. The companys market capitalization was $2.93 trillion on that day. Saudi . The nations with GDP figures immediately below $2.08 trillion are Italy, Brazil, and Canada., Moreover, the World Bank compiles GDP data for 263 countries, regions, or collections of countries with similar characteristics. Global GDP was $87.799 trillion in 2019, per the latest data from the World Bank, and Apple's market cap is 2.36% of that figure. The net worth of APPLE for the Week 45-2022 was $2.329 Trillion. Here are some of the earnings highlights from Apples fourth quarter of 2022: The top 10 shareholders of Apple stock are all asset managers or mutual fund companies. We also reference original research from other reputable publishers where appropriate. The market has been upbeat about demand for Apple 's ( AAPL 1.05%) iPhone 13 and growing services business. All Right Reserved. In August 2018, Apple Inc. (AAPL) became the world's first company to record a market capitalization of $1 trillion and roughly two years later, became the first publicly traded U.S. company to surpass $2 trillion. As of March 15, 2021, Apple's market cap increased to $2.08 trillion. To put that staggering $2 trillion figure in context, we present five other huge things that the giant technology company is bigger than or comparable to in terms of value. Quarterly earnings per share were a record $1.29, up 4% year over year. It would be $3 trillion. The installed base of active users reached all-time highs for all major product categories. Working with a fiduciary financial advisor is a good way to delineate your investment objectives, risk tolerance and personal financial situation to determine if investing in stocks is a good match for you. Heres what the top shareholders list looks like: Any of these shareholder percentages can change at any time, even dropping down all the way to 0%. Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. Apple is the largest holding, comprising 6.7% of the VOO portfolio as of December 2020. It's one of the biggest companies in the world. Apple has today become a giant tech company functioning worldwide. AAPL's net worth for the quarter Q2-2022 was $2.747 Trillion. Some of its most well-known products are household names, including the following: The company also offers services ranging from iCloud to Apple Pay, among others. Apple is worth $1.4 trillion, twice its current value, and the iPhone maker should give more of its $194bn cash pile back to shareholders, activist investor Carl Icahn has said. Apple, a company founded 42 years ago in a Santa Clara Valley garage to make personal computers, is now worth $1 trillion. Share price is just one of the variables you should consider when investing in a specific stock. Cost basis and return based on previous market day close. At that time, the share price of Apple was $0.98 and today its worth is $142.92. Sign up for our daily newsletter for the latest financial news and trending topics. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Apple's net worth at the end of the fiscal year 2020 was $65.34 billion. Its market capitalization, however, is $2.08 trillion as of March 15, 2021. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. This makes Apple the world's most valuable company by market cap according to our data. Investors are already valuing Apple stock similar to one of the most popular subscription services: Netflix. New Delhi: Apple Inc, on Monday, became the first . I cover wealth management, money and markets. Apple has become the world's first public company to be worth $1 trillion (767bn). Compare AAPL With Other Stocks From: To: "It's a fantastic accomplishment and certainly worthy to be celebrated," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. 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Click on the conversation bubble to join the conversation, France Defeats England, Advancing To World Cup Semifinals, Biden Official Sam Brintons 2nd Alleged Theft Included $1,700 In Jewelry, Mark Cubans Cost Plus Drugs Expands To Employers In Quest To Disrupt Big Pharma, World Cup Underdogs: Morocco Defeats Portugal, Becomes First African Or Arab Country To Advance To Semifinals, Cristiano Ronaldo Plays After All: Star Substituted Into World Cup After Snub, Sigh Of Relief: Argentina Survives Staggering Netherlands Comeback To Reach World Cup Semifinals, Banksy Sells Rare Rat Prints To Raise Money For Ukraine, Democrats Push Biden To Use Executive Order For Rail Worker Sick Leave, Bankman-Fried Secretly Funneled Millions To Crypto Outlet The Block, R. Kelly Bootleg Album I Admit It Released And Quickly Removed. With global assets worth $6.2 trillion, Vanguard is primarily a mutual fund and an ETF management company. Apple's shares have climbed around 5,800% since co-founder and former chief executive Steve Jobs unveiled the first iPhone in January 2007, far outpacing the S&P 500's (.SPX) gain of about 230% during the same period. After that, Apple continued launching landmark products such as the iPad, the Apple Watch, etc. Apple net worth: Apple is an American multinational technology company that has a net worth of $2 trillion, as of August 2020. Apple briefly hit a $3 trillion market cap on Jan. 3 making it the first public company ever to do so. Specifically, investors should pay attention to the explosion in subscriptions across Apple Music, Fitness+, and Apple TV+, which should justify a higher valuation for the stock. 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