Which company is worth $3 trillion?
Apple makes history as first $3 trillion company amid tech stock surge.
SAN FRANCISCO -- Apple became the first publicly traded company to close a trading day with a $3 trillion market value, marking another milestone for a technology juggernaut that has reshaped society with a line-up of products that churn out eye-popping profits.
Apple became the first company in the world with a $3 trillion valuation on Friday (June 30). The company's stock closed at $193.97 per share—good for a market capitalization of $3.05 trillion.
Apple is now worth $3 trillion, boosted by the Nasdaq's best start in 40 years | CNN Business.
Which company is the world's most valuable? Apple once again leads the charge as the most valuable company in the world, ahead of Microsoft and Saudi Aramco.
Frequently asked Questions: What is the 1 largest company in the world? The largest company in the world by revenue is currently the Saudi Arabian Oil Company (also known as Saudi Aramco), a state-owned oil and gas company based in Saudi Arabia.
One trillion is equivalent to 1000000 million or in words, we can say that one million million, that is, 1, 000, 000, 000, 000. Therefore, one trillion has 12 zeros.
In the American system each of the denominations above 1,000 millions (the American billion) is 1,000 times the preceding one (one trillion = 1,000 billions; one quadrillion = 1,000 trillions).
Trillion is a number with two distinct definitions: 1,000,000,000,000, i.e. one million million, or 1012 (ten to the twelfth power), as defined on the short scale. This is now the meaning in both American and British English.
Interactive chart of historical net worth (market cap) for Apple (AAPL) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Apple net worth as of August 02, 2023 is $3029.03B.
Did Apple's market value breach $3 trillion mark again?
Apple Inc's market capitalization surpassed $3 trillion for the first time since January 2021, as investors see potential for revenue growth in the company's expansion into virtual reality. Apple shares rose 1.6% to $192.6, reaching a record high of $193.15.
On Jan. 3, 2022, Apple briefly topped $3 trillion in market cap during intraday trading — but shares suffered a 27% drop over the course of last year amid a macro-economic slowdown that triggered a broad pullback in tech stocks.
Who is the richest man in the world? As of August 1, 2023, the richest man in the world is Elon Musk, the CEO of electric car company Tesla; he's worth $241.3 billion. He moved into the number one spot in June, overtaking Bernard Arnault of France.
The richest companies in the U.S.
By far the wealthiest company in the U.S. by total cash value is Apple, which has a record of nearly $238 billion in cash, cash equivalents, and marketable securities in its most recent quarter.
| Rank | Company | Profit per Day |
|---|---|---|
| #1 | Saudi Aramco | $304,039,726 |
| #2 | Apple | $163,098,630 |
| #3 | Industrial & Commercial Bank of China | $123,293,973 |
| #4 | Samsung Electronics | $109,301,918 |
Four main categories of investors dominate the ownership of today's publicly listed companies. These are institutional investors, public sector owners, private corporations and strategic individual investors. The largest category is institutional investors holding 41% of the global market capitalisation.
| Rank | Name | Headquarters |
|---|---|---|
| 1 | Walmart | Bentonville, Arkansas |
| 2 | Amazon | Seattle, Washington |
| 3 | Exxon Mobil | Spring, Texas |
| 4 | Apple | Cupertino, California |
Zimbabwe, the country that brought the world the one-hundred-trillion-dollar bill, has reached a new stage of monetary dysfunction. Because of a lack of small change, businesses have started printing their own “money”—scraps of paper, sometimes handwritten, that customers can use to pay for future purchases.
A trillionaire is an individual with a net worth equal to at least one trillion in U.S. dollars or a similarly valued currency, such as the euro or the British pound. 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.
It's a thousand billion. It's a one followed by 12 zeros.
What is above a trillion?
In our last blog, we discussed that we go from a million to a billion and then to a trillion. Now, after a trillion, there comes a number known as quadrillion, and then we have other numbers following it. These numbers are quintillion, sextillion, septillion, octillion, nonillion, and decillion.
After a billion, of course, is trillion. Then comes quadrillion, quintrillion, sextillion, septillion, octillion, nonillion, and decillion. One of my favorite challenges is to have my math class continue to count by "illions" as far as they can.
Zillion sounds like an actual number because of its similarity to billion, million, and trillion, and it is modeled on these real numerical values. However, like its cousin jillion, zillion is an informal way to talk about a number that's enormous but indefinite.
What Could You Buy With $1 Trillion? One trillion dollars is enough money to buy up all the shares of ExxonMobil (XOM), McDonald's (MCD), and Coca-Cola (KO)—and still have billions left over.
It would take you more than 2,700 years to spend a trillion dollars, if you spent one million dollars every day. And if you had that much and spent one dollar per second, it would take more than 32,000 years to spend it all. Also, a trillion dollars in one-dollar bills would weigh 2.2 billion pounds.
In 2020, with Americans dying in large numbers from the pandemic, Bezos had become to billionaire wealth hoarding what Barry Bonds had become to home run records. As noted by USA Today, the reporting on Bezos becoming the first trillionaire occurred when Amazon workers were publicly protesting over safety issues.
Apple - $2.21 trillion. Aramco - $2.01 trillion. Microsoft - $1.60 trillion. Alphabet (Google's parent) - $1.08 trillion.
Yet, even so, the real Coca-Cola company followed so much of the plan given to Glotz that it is now worth about $125 billion and will have to increase its value at only 8 percent per year until 2034 to reach a value of $2 trillion.
Apple is the highest-value company in the world by over $1 trillion. Microsoft is in the No. 2 spot, and Saudi Arabian petroleum company is No. 3 with market caps of $2.4 trillion and $2.1 trillion, respectively.
Since then, it has rarely forfeit that title. It first reached $1 trillion in value in mid-2018, and it achieved a $2 trillion valuation in August 2020, making it the first US company to surpass that level, though Saudi Aramco was the first $2 trillion company overall.
Is there a 2 trillion dollar company?
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.
Microsoft Corp is the only other US stock with a valuation above $2 trillion. While Apple is not the biggest gainer of the year — Nvidia, Meta Platforms Inc., and Tesla Inc. have more than doubled — its size gives it a massive influence over markets, accounting for 7.7% of the weight of the S&P 500 Index.
Although Walmart's roughly $382 billion market cap doesn't come close to Amazon's $1.46 trillion valuation, its second-quarter earnings for the fiscal year 2023, which ended June 30, beat analyst earnings and revenue estimates, CNBC reported.
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.
- Apple - $2.82 trillion. Apple surpassed its trillion dollar valuation in 2018, and is now the largest technology company by revenue. ...
- Microsoft - $2.48 trillion. ...
- Saudi Aramco - $2.09 trillion. ...
- Alphabet - $1.62 trillion. ...
- Amazon - $1.29 trillion.
The Biggest Companies in the United States by Market Capitalization (March 24, 2023) As of March 23, 2023, with its market capitalization of $2,514 billion, APPLE INC. is the most valuable company in the United States, according to the CEOWORLD magazine, a list of the world's biggest companies by market cap.
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.
As of this writing, there are five U.S. companies with market capitalizations of $1 trillion or higher: Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Amazon.com (NASDAQ: AMZN), Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), and NVIDIA (NASDAQ: NVDA).
