This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Preview coming at WWDC in June with public release in September. On the horizon, the company has growth opportunities around 5G, health and wellness, and augmented reality.

But a more significant moment may have been when the company topped $1 trillion for the first time, in August 2018. After breaking $1 trillion, it becomes easier for investors to imagine it might go to $2 trillion or $2.5 trillion, Munster said. When you purchase through links in our articles, we may earn a small commission. Apple actually sold an earlier version of a tablet in 1993 known as the Newton MessagePad. A personal digital assistant, it was a shadow of the iPad, which contained all the functionality of the iPod Touch on a much larger screen with a faster processor.

However, looking at the highest stock prices ever can be worthwhile both for investors and for those interested in the history of the stock market. From chocolate candy makers to mining companies, the list of stocks that have command reached such heights is a diverse list. Market cap is determined by multiplying the value of a company’s share price by the number of outstanding shares in existence.

  1. The company has proven over a long period that it can stay at the forefront of innovation and generate the earnings growth sought after by stock investors.
  2. The company’s always found a way to push through challenges on par with the current chip shortage and antitrust campaigns.
  3. Although a $3 trillion market cap for Apple is a milestone worth celebrating, there’s really nothing magical about the threshold.
  4. The iPhone is by far its most profitable product line, raking in $71.6 billion in sales in the third quarter of 2021.
  5. With households staying at home during the coronavirus pandemic, there has been greater need for children to have their own devices as parents do remote work.

A star performer through much of its recent history, Apple’s stock hit new all-time highs toward the end of 2021. It also had a market capitalization approaching a record $3 trillion. The stock price doesn’t always indicate a company’s quality.

Apple’s market cap history

Apple’s third developer betas of iOS 17.4, iPadOS 17, tvOS 17.4, watchOS 10.4, and macOS Sonoma 14.4 are out now, as Apple braces itself for its big EU App Store changes. Contrary to shareholders’ opinions on the matter, a survey of union-aligned Apple retail workers finds many employees believe the company holds contempt for workers who attempt to unionize. Based in South Wales, Malcolm Owen has written about tech since 2012, and previously wrote for Electronista and MacNN.

Apple market cap: History, how the price is calculated, relationship to available shares and stock price

Apple has tacked on roughly $765 billion in market cap this year, which is more than the total respective total valuations of Berkshire Hathaway, Meta and Tesla. Fueling Apple’s strong financials was a record $20.9 billion in quarterly revenue from its services segment, which includes App Store sales and other non-product revenue streams. The tech and services company has positioned itself to take some advantage of its new stature. In early August, the company announced a four-for-one stock split, the company’s fifth stock split since going public in 1980. Individual shares are trading in the mid-$400’s, so for instance a unit worth $440 would be split into four shares of $110.

Indeed, if anything this degree of bullishness thus far sets the stage for an even bigger pullback that puts the market’s performance back on course, so to speak. Apple shares fell back on Wednesday, but remained ahead of the London index at the close of trading on Wednesday. Apple’s market value has now surpassed $700 billion, making it the world’s most valuable company by a sizeable margin. Google parent company Alphabet is second largest with a market cap of around $575 billion, followed by Microsoft at around $500 billion and Berkshire Hathaway at around $412 billion. Before words like FaceTime, App Store and Apple Watch were ingrained in public vernacular, Apple was a nascent computer startup venture between two friends in Northern California. Take a look at Apple history in this timeline to see how the company crossed this historic milestone.

New MacBook Airs and iPads, iOS 17.4, and More Expected Next Month

Investors will briefly cheer that the barrier has been broken — and then they’ll look for more. Only 10 years ago, Apple’s (AAPL -1.56%) market cap stood below $400 billion. That was enough to make the technology leader one of the biggest companies on the planet. In 2003, Apple had an approximate market cap value of $7.88 billion. After that stunning peak in the late summer, Apple’s value slumped. By September 2023, Apple’s market cap fell to $2.8 trillion.

We’ll soon know if Apple makes history today with a closing market cap above $3 trillion. But come Monday, that milestone what is a pipette in forex will be just that — history. For investors, Apple’s future is much more important than its present or its past.

A company with a $10 share price that had sold 1,000 shares would be worth $10,000, for example — decidedly small-cap. It’s important to note some key points about Apple’s stock history. The company’s stock trades on the Nasdaq under the ticker symbol AAPL. As of Jan. 31, 2022, Apple had a market capitalization of nearly $3 trillion, closing the trading day at $174.78. By contrast, the Nasdaq index in the US, which includes many large tech companies, hit a fresh record on Tuesday.

The company’s revenue fell 3% year over year in its latest quarter. However, some could be worried that Apple’s market cap is now too high. The stock currently trades at a forward price-to-earnings ratio of nearly 29x. Apple’s market cap was knocking at the door of the $3 trillion mark yesterday. The tech stock opened nearly 1.1% higher this morning, enough to do the trick.

A Timeline of Apple and AAPL Stock Success

Some of the expected uptick in stock interest around the valuation and stock split are already built into the stock price. On April 18, 2019, the company’s stock price closed at a record high of $4,650.00 per share, worth about $5,581.61 in February 2024, adjusted for inflation. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. Publicly traded companies are generally categorized into small-cap, mid-cap, and large-cap. A small-cap company has a market cap of $3 billion or less. Midcap companies have a market capitalization value between $3-10 billion.

Apple has published details of its Apple Vision Pro privacy measures, including preventing apps from relaying details of location, and even blocking the recording of hand gestures. Quite amazing, these two being founded by two amazing workhorses and frenemies of the modern tech era, Jobs and Gates. Seaboard Corporation (SEB) is a multinational corporation focusing on agriculture and transportation.

We also have details of
Apple’s 1st quarter 2021 financial results. As of the first quarter of 2022, the iPhone held 62% of global market share in smartphones costing over $400. With the stock price not that far from its high points, another Apple stock split could again return the stock price to a level that spurs fresh buying. What matters more is the percentage change in the share price. For example, whether a $20 stock increases by $2 (10%) or a $200 stock increases by $20 (10%), the increase in value is the same if you invested the same amount of money in both.

Barclays estimated the company will see nearly $60 billion in profits this year, over four times that of Walmart. Google, on the other hand, is worth $ 1.184 billion, while Facebook is “only” valued at $ 796 billion. Apple provides users with services that are used with its devices. This category is designed to help users stay productive, entertained, and connected through tablets, smartphones, and personal computers.

The iPhone is by far its most profitable product line, raking in $71.6 billion in sales in the third quarter of 2021. That represented more than half of overall revenue of $123.49 billion. The stock market reflects all known information about companies, according to the efficient market hypothesis. It processes and assimilates new data rapidly through the mechanism of buying and selling. Stock tracking and financial websites like TradingView provide historical data for most stocks. Some allow users to submit queries for specific price ranges, maximums, and minimums.

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