Visualize Apple’s $3 trillion market valuation | Infographic News

This technology giant is the first company with a market capitalization of $3 trillion. How does its closest competitor stack up?

The market value of Apple’s stock soared from US$2 trillion to US$3 trillion in just 17 months.The iPhone maker’s stock price briefly touched US$182.88 in Monday’s trading—enough to give Apple the coveted crown and become the world’s first leaps and bounds $3 trillion market capitalization mark.

Market value or “market value” is a measure of the total market value of a company based on its stock price. It is calculated by multiplying the total number of shares issued by the company by the current market price of a stock.

Interaction-the world's largest company

If apple is a country

Since the late Apple co-founder and CEO Steve Jobs launched the first iPhone in January 2007, the Silicon Valley giant’s stock price has risen 5,800%.

Reaching $3 trillion is another historic moment for Apple. From this perspective, the value of Apple now exceeds the nominal gross domestic product (GDP) of six of the world’s top ten economies, including the United Kingdom (2.71 trillion U.S. dollars), India (2.62 trillion U.S. dollars), and France (2.60 trillion U.S. dollars). Trillion U.S. dollars), Italy (1.89 trillion U.S. dollars), Canada (1.64 trillion U.S. dollars) and South Korea (1.63 trillion U.S. dollars).

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How Apple grew (2001-22)

In recent years, the rise of Apple has been ruthless. As early as August 2018, it became the first American company with a market capitalization of more than $1 trillion. Only two years later, in August 2020, it broke the US$2 trillion mark.

In terms of market capitalization, Apple is now at the top of the pyramid among all global companies, followed by Microsoft (2.52 trillion US dollars), Alphabet (1.92 trillion US dollars), and then Saudi Aramco (1.91 trillion US dollars), ranking as a non-tech company. In fourth place.