Apple’s market cap surpasses $3 trillion for the second time.

Apple’s market cap surpasses $3 trillion

Apple overview

Apple was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. The company’s first product was the Apple I, a personal computer that was sold as a kit. The Apple II, released in 1977, was a more successful product and helped to make Apple a household name.

In the 1980s, Apple released a number of innovative products, including the Macintosh computer, the Lisa computer, and the Apple IIGS. However, the company also faced some challenges during this period, including the departure of Steve Jobs from the company in 1985.

In the 1990s, Apple’s fortunes began to improve. The company released the iMac, a revolutionary all-in-one computer, in 1998. The iMac was a huge success and helped to revitalize Apple’s brand.

In the 2000s, Apple continued to release innovative products, including the iPod, the iPhone, and the iPad. These products were all wildly successful and helped to make Apple one of the most valuable companies in the world.

Today, Apple is a global leader in the technology industry. The company’s products are used by people all over the world, and its brand is one of the most recognized in the world.

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Apple’s – market cap surpasses $3 trillion

Apple’s market capitalization breached the $3 trillion mark again on Friday, June 30, 2023. The company’s stock price rose 2.3% to $193.97, giving it a market capitalization of $3.05 trillion, according to Refinitiv data.

This is the second time that Apple’s market capitalization has surpassed $3 trillion. The first time was on January 3, 2022, when the company’s stock price briefly eclipsed $182.86 a share before closing at $182.01.

Apple’s market capitalization is now more than the combined market capitalization of the next nine most valuable companies in the world. The company’s stock price has been on a tear in recent months, driven by strong demand for its products and services.

Apple’s iPhone remains the world’s best-selling smartphone, and the company’s services business is also growing rapidly. In the most recent quarter, Apple’s services revenue grew 17% year-over-year to $19.5 billion.

Apple’s market capitalization is a testament to the company’s strong financial performance and its continued dominance in the tech industry. The company is now the most valuable company in the world, and it is likely to remain in that position for the foreseeable future.

Apple’s – FAQs

1 – Who owns Apple company?

Apple Inc. is a publicly traded company, so no individual or entity owns the company in its entirety. However, the majority stakeholder of the company as of 2023 is The Vanguard Group, which holds 7.6% of all outstanding shares.

2 – Why is Apple so successful?

Apple’s success lies in a strategic vision that transcended simple desktop computing to include mobile devices and wearables. Both performance and design are key drivers of the Apple brand and its ongoing success.

3 – Why Apple is successful in India?

The main reason is price. Most phones sold in India are priced below even the least-expensive new Apple iPhone. Industry analyst IDC estimated in February that the average selling price of a smartphone in India is $224, which had increased 18% in 2022.

4 – Who is the CEO of Apple?

Tim Cook is the CEO of Apple and serves on its board of directors

5 – Is it hard to join Apple?

It is not simple to become an Apple employee, and you must be a competitive applicant to obtain your ideal career at Apple. So, if you follow these instructions to get employed at Apple, you can start a fantastic career with the computer giant.

6 – Does Apple hire people from India?

Apple contract manufacturers such as Foxconn, Salcomp, and Pegatron have stepped up hiring in India, recruiting full-time and contract workers as they ramp up production.