Apple's market value breaches $3 trillion mark again (2024)

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Apple's market value breaches $3 trillion mark again? ›

Shares of the world's most valuable company jumped 2.3% to $193.97, giving it a market capitalization of $3.05 trillion, Refinitiv data showed. It was Apple's fourth straight record high close. The Cupertino, California company's market capitalization briefly peaked above $3 trillion in intraday trading on Jan.

Apple Surges Past a $3 Trillion Market Cap for First Time Since August. Apple shares pushed past the $3 trillion level on Tuesday for the first time since early August. Apple remains the most highly valued U.S. listed company, about $235 billion ahead of Microsoft.

Apple Inc. made Wall Street history as the first company with a market value over $3 trillion, the latest sign of big tech's seemingly unstoppable dominance in equity markets.

Bloomberg Daybreak Europe: Apple's Value Drop (Podcast)

Shares of the company slid 4.1% Thursday, erasing about $113 billion in market value and taking their year-to-date loss back to 11%. Once the world's most valuable firm at more than $3 trillion, Apple has underperformed both the Nasdaq 100 and the S&P 500 in 2024.

Chief Executive Tim Cook called it a platform for “spatial computing.” Apple shares are up nearly 50% since the beginning of the year and have beaten the Nasdaq Composite Index's growth of about 30%. It took 42 years for the company to reach $1 trillion in 2018, then another two years to reach $2 trillion in 2020.

Stock price: $867

Note: Electric -vehicle maker Tesla has also crossed the $1 trillion mark, but its share price has since declined below that level.

NEW YORK, Jan 24 (Reuters) - Microsoft's (MSFT. O) , opens new tab stock market value crossed the $3 trillion milestone for the first time on Wednesday, retaining its place as the world's second most valuable company, just behind Apple (AAPL.

Only three years ago, the iPhone maker was valued below $1 trillion. Today, its market cap stands at $2.85 trillion. At its current pace, Apple appears to be a lock to reach $5 trillion in market cap within the next few years. But don't be surprised if it's not the first company to hit that milestone level.

Investors drove Apple's market value below $2 trillion during the first trading session of 2023, a year after propelling it to become, briefly, the first U.S. company to reach $3 trillion.

And with approximately 15.5 billion shares outstanding, a high Apple share price equates to a massive market cap. But why is the stock price so high? 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.

Why is Apple falling so much? ›

At the core of Apple's woes is the disappearance of revenue growth and it's unclear what, if anything, will stoke it. The company's first major new product category in nearly a decade, the Vision Pro headset, isn't expected to contribute significantly to growth for years.

Apple is facing a slew of issues, including regulatory scrutiny of its App Store, declining sales in China and investor concerns over its growth prospects.

The primary catalyst for Tuesday's losses was a report from Hong Kong-based Counterpoint Research indicating iPhone sales fell 24% year-over-year over the first six weeks of 2024, an unwelcome finding considering China accounts for more than 15% of Apple's revenues and sales in the region already fell 13% in Apple's ...

If you had invested $1,000 in Apple stock on Jan. 24, 1984, today, you would have $1,593,809. Likewise, if you had invested $1,000 in an index fund replicating Nasdaq, you would have $55,090.

As the U.S. government struggles to reach an agreement on the debt-ceiling, the U.S. Treasury's balance has fallen behind Apple Inc. The balance fell to $74 billion behind Apple's $76 billion. Apple is the second largest company in the world by market value, at nearly $362 billion.

As of today, no billionaire is within striking distance of becoming a trillionaire. Elon Musk is, at present, the world's richest person, with a net worth of $206 billion, while Jeff Bezos is in the number two position with $179 billion, according to Bloomberg.

1. Apple. US tech giant Apple first surpassed the trillion-dollar mark in August 2018, the first US company to do so. Its valuation did fall back below $1 trillion in 2019, but quickly recovered and has been trading above the milestone valuation again since the end of 2019.

U.S. For most of 2011 to 2024, Apple became the world's largest company by market capitalization until Microsoft assumed the position in January 2024. In 2022, Apple was the largest technology company by revenue, with US$394.3 billion.

Apple currently has a market cap of about $3.1 trillion. The stock would need to close at $257.19 a share or higher to reach the $4 trillion market cap milestone. That's a 30.6% gain from Tuesday's close. Concerns about China won't deter Apple from reaching the $4 trillion milestone, either, he says.