Apple Becomes 1st Company Worth $3 Trillion—Greater Than The GDP Of The UK (2024)

FAQs

Apple Becomes 1st Company Worth $3 Trillion—Greater Than The GDP Of The UK? ›

To put Apple's value in perspective, a market capitalization of $3 trillion places the company's market cap roughly on par with the gross domestic product of the United Kingdom. It also exceeds the GDP of countries including India ($2.9 trillion), France ($2.9 trillion) and Russia ($1.6 trillion).

Apple became the first ever public company to reach $3 trillion in market value after the stock rallied 3% Monday. The milestone is based on intra-day trading, during which Apple shares briefly crossed the $3 trillion value. Apple (ticker: AAPL) would need to close above $182.86 to hold onto the mark.

"Apple Becomes First US Company to Reach $3 Trillion Value." Barrons. "Apple Becomes First Company Worth $3 Trillion." Bloomberg.

Global market capitalization, by country

My friend Ben Carlson pointed out that Apple's current market capitalization of about $2.7 trillion this week exceeds the entire market capitalization of the United Kingdom, the third biggest stock market in the world.

Apple is the world's largest company by market capitalisation with a valuation of $2.6 trillion. At its peak in January 2022, its market cap was in excess of $3 trillion. Apple became the first company to reach $3 trillion in market value, which is more than the GDP of India, the UK and France.

Apple broke the barrier when its share price hit $182.86. The milestone is mostly symbolic but it shows investors remain bullish on Apple stock and its ability to grow. Apple showed annual growth across all of its product categories in its fourth-quarter earnings, with revenue up 29 percent year-over-year.

Apple hit a market cap of $3 trillion briefly during trading on Monday. The milestone is mostly symbolic but it represents investor recognition of Apple's success over the past few years as the company has reported several record-breaking quarters of big growth in all of its product lines.

Amazon Is The First Company Ever to Lose $1 Trillion in Value - CNET.

United States Steel Corporation (NYSE:X) was the world's first company to surpass the market capitalization mark of $1 billion dollars. Unfortunately for Schwab, U.S. Steel was an ungainly welding of mediocre businesses onto Carnegie Steel's lean frame.

Which is the First Trillion-Dollar Company? PetroChina was the first company on the planet to reach a $1 trillion market capitalization. In its first day of trading on the Shanghai Stock Exchange on November 5, 2007, it reached a market capitalization of $1 trillion.

Where would Apple rank if it was a country? ›

If Apple were a country its GDP would comfortably eclipse the GDPs of all but four nations – United States ($20.8 trillion), China ($15.22 trillion), Japan ($4.91 trillion) and Germany ($3.78 trillion).

Only a handful of US states have no sales tax, enabling residents to pay the nominal price. The reason Apple shows price without sales tax is because the percentage varies by state, and because Americans are used to seeing prices without tax.

A survey of more than 50 identical products on Apple's US and UK websites found products sold in Britain were up to a third more expensive. On average prices in Britain are 22 per cent higher after tax.

Only three other companies, Amazon, Microsoft, and Alphabet (Google) can boast market caps in excess of $1 trillion. At $2 trillion, Apple is valued at about 10% of the entire U.S. GDP (Gross Domestic Product). Think about that for a moment.

Gross Domestic Product is the second factor that will influence the iPhone in that an increase in GDP in the US means that citizens are making more money, thus have more purchasing power to buy iPhones.

Apple now has more cash to spend than the United States government. Latest figures from the US Treasury Department show that the country has an operating cash balance of $73.7bn (£45.3bn). Apple's most recent financial results put its reserves at $76.4bn.

1. Genghis Khan. Genghis Khan one of the most fearsome conquerors of all time, and by the end of his life the Mongol Empire occupied a vast empire from Central Asia to China. Much of the wealth came from plunders, taxes and control of caravan routes along the Silk Road and provide the Mongols with valuable revenue.

Apple once again leads the charge as the most valuable company in the world, ahead of Microsoft and Saudi Aramco. ✔️ In the last year, the market capitalisation of the world's most valuable companies increased by 11% to $35.16 trillion.

Apple's Growth

As long as Apple continues to innovate, there will be heightened demand for its products and services. This leads to pricing power, expanding profit margins, and improved cash flow, which help drive the stock price higher while also allowing Apple to return capital to shareholders.

How Apple became the world's most valuable company? ›

The reason behind that—and behind Apple's success—is that its devices are beautiful to look at and a pleasure to use. That's why the company has such a powerful brand and lofty stock valuation. The marketing helps, and the media and fan frenzy never hurt.

In the fiscal year 2022, Alphabet's revenue was 282.83 billion U.S. dollars. Comparatively, in the fiscal year of 2021, hardware-focused Apple's 365.82 billion U.S. dollar revenue was over double the amount of Microsoft's 168.09 billion U.S. dollars.

Amazon.com Inc. is the world's first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and disappointing earnings updates triggered a historic selloff in the stock this year.

This uncirculated 1 trillion US dollar note is a fantasy note that parodies the Obama slogan “Be The Change”. It is a green, red, and gray note that measures 160 mm x 140 mm and bears the signature of Barack Obama.

Apple became the first U.S. stock to hit $1 trillion in 2018, and the first to reach $3 trillion in 2022. Tesla and Facebook's parent company Meta briefly dipped above the $1 trillion mark, but have both fallen back around $600 billion.

This year, Amazon became the fastest company ever to reach $100 billion in annual sales.

G.M.'s 1955 Profit Exceeds a Billion, Setting U.S. Mark; Opposes Proposed Curbs G.M. 1955 Profit Topped Billion; First Time for Any U.S. Concern Optimistic on 1956. As a subscriber, you have 10 gift articles to give each month.

Mr. Thomson evaluates patterns shared by what he calls "blueprint companies" — the 387 businesses that have gone public since 1980 and have reached $1 billion in revenue.

Apple is the world's only $2 trillion company, hitting that landmark in August 2020, just two years after achieving $1 trillion status.

What company lost a trillion dollars? ›

Amazon.com Inc. is the world's first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and disappointing earnings updates triggered a historic selloff in the stock this year.

The World's Largest Public Companies in 2022

Today, Apple stands as the world's most valuable company, towering at a $2.3 trillion valuation. Despite the tech downturn of 2022—driven by rising interest rates and slower sales—Apple maintained its top spot.

China is in the topmost position in global apple production, producing more than 44 million tonnes annually.

The company's signature device has failed to gain a strong foothold in countries like China and India, as well as other markets in Asia, where most of the growth in smartphone sales is coming from.

You can activate an unlocked iPhone 14 model that was purchased in the United States with over 400 network providers in 100 countries all over the world that support eSIM on iPhone.

Apple iPhone 14 price in the US starts from $799 (Rs 63,920 approx) for the 128GB variant. You also have to pay an additional tax ranging from around 8.5 per cent to 13 per cent, based on which state you are buying the iPhone 14 or the iPhone 14 Pro from.

The prices quoted for US customers are exclusive of sales taxes, which vary state-by-state, while the UK prices include VAT. A VAT-free 256GB iPhone X would cost £957.50, for instance, significantly closer to the £863 it would cost if the dollar price were simply converted to pounds.

A combination of VAT (which adds 20%) and currency hedging. Apple products are priced in dollars, so when you convert to Sterling you add an extra margin to cover the possibility of an unfavourable swing in exchange rates. Why are Apple products more expensive in India?

Compared to the UK's 20% standard VAT, lower sales tax also partly explains why many goods are cheaper in the USA.

Who has the largest GDP in US? ›

State With Highest GDP

California is the state with the highest GDP in the United States, with a GDP of $3.5 trillion. There are several reasons why California has the highest GDP in America.

California is the state with the highest gross domestic product by state, with $3.558 trillion, as of the second quarter of 2022.

Combined, Apple is now worth more than some of the largest companies on the planet. This includes being worth more than Google, Amazon, Tesla Inc. (NASDAQ: TSLA), and Walmart Inc.

Based on a comparison of 76 countries in 2020, Hong Kong ranked the highest in market capitalisation of listed companies as of GDP with 1,777% followed by Belgium and Iran.

Apple, evaluated at £1 trillion ($1.3 trillion), combined with Microsoft and Amazon – boasting a market capatilisation of £773 billion ($1 trillion) each – are worth £2.5 trillion. This is more than the GDP of the UK at £2.11 trillion.

Apple's market cap valuation (2.7 trillion) is twice as large as Germany's entire stock market, according to Dimensional. Also larger than the stock market cap of China, UK, and India.

Apple became the first company to reach $3 trillion in market value, which is more than the GDP of India, the UK and France. Even today, with a market cap of $2.6 trillion, it is higher than the GDP of Canada, Italy, South Korea, Russia, Brazil and many other countries.

Who is the richest man in the world? As of June 1, 2023, the richest man in the world is Bernard Arnault, the CEO and chairman of LVMH of France; he's worth $215 billion. He moved into the number one spot after Elon Musk's fortune fell in late 2022 as shares of electric carmaker Tesla fell.

Apple $AAPL is Now Worth More Than the Entire UK Stock Market. Apple's market cap is now over $2.7 trillion, which is more than the entire market cap of the United Kingdom, the third largest stock market in the World. Apple has consistently innovated, creating new revenue streams every year.

Apple's market value first crossed the $1 trillion threshold in August 2018 and passed $2 trillion in August 2020.

When did Apple become worth $2 trillion? ›

Apple first surpassed $2 trillion in market capitalization in August 2020, as consumers flocked to its devices amidst the COVID pandemic. The Cupertino-based company even briefly reached a market capitalization of $3 trillion on Jan. 3, 2022, almost exactly a year ago. Yet Apple shares have fallen sharply since then.

Apple has become the world's first public company to be worth $1 trillion (£767bn). The iPhone maker's market value reached the figure in New York on Thursday and its shares closed at a new record high of $207.39.

Currently, no one has yet claimed trillionaire status, although some of the world's richest individuals may only be a few years away from this milestone..

Answer: If an individual has a net worth of one trillion dollars or its counterparts in other currencies, such as the euro or the British pound, they are said to be a trillionaire.No one has ever declared a trillionaire, but some of the world's wealthiest people might be there in a few years.

How many trillion-dollar companies are there? As of June 2023, there are five trillion-dollar companies, Amazon, Microsoft, Saudi Aramco, Microsoft, and Alphabet.

Leading the race is Tesla and Space X Founder Elon Musk. With a current net worth of US$263 billion and an annual growth rate of 129 per cent, Musk is anticipated to reach US$1.38 trillion in the next two years at age 52. It was in fact Jeff Bezos who was set to become the first trillionaire.

Apple hit a market cap of $2 trillion Wednesday, doubling in valuation in just over two years to become the first publicly traded U.S. company to reach the milestone. Based on a share count of more than 4.275 billion, Apple broke the barrier just before 11 a.m. ET, when its price rose to $467.77.

United States Steel Corporation (NYSE:X) was the world's first company to surpass the market capitalization mark of $1 billion dollars.