Apple Reach $3 Trillion Market Value

On August 04, 2018, I had blogged that two days earlier, Apple’s market valuation had surged past the $1 trillion point – the first time in history a company have reached that level. 

Two years later, they blew past the $2 trillion mark in August 2020 – although I don’t think it got a mention in my blog. 

Anyway, yesterday, shares of Apple Inc rose as much as 3 percent to trade at $182.88 – enough to secure the iPhone maker the coveted crown of becoming the first publically-traded company on the planet to cross the $3 trillion market capitalization mark.

To put that into perspective, Apple’s value now surpasses the nominal GDPs of six of the world’s top 10 economies including the United Kingdom, India, France, Italy, Canada and South Korea. 

Since January 2007, when the late Apple co-founder and CEO Steve Jobs unveiled the first iPhone, shares of the Silicon Valley giant have gained 5,800 percent! 

The $3 trillion milestone is largely symbolic and indeed, other tech heavyweights outperformed Apple last year. Microsoft and Tesla shares gained about 50 percent each in 2021. Alphabet shares soared 65 percent and chipmaker Nvidia 125 percent. 

By contrast, Apple stock gained 34 percent in 2021. 

But Apple’s sheer size does mean they have an outsized influence over stock markets. They account for roughly 7 percent of the S&P 500 Index.