The slump sent Apple's market value to $1.99 trillion, ending its reign as the last company to sport a $2 trillion valuation after Microsoft Corp. and oil giant Saudi Aramco retreated in 2022.
Apple stock was valued at nearly $3 trillion exactly one year ago, but the share price took a 30%-plus dive in the 12 months that followed. How could the milestone be reached in 2023?
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.
Apple is the world's only $2 trillion company, hitting that landmark in August 2020, just two years after achieving $1 trillion status.
Apple Inc's stock market value shrank sharply on Tuesday following its steep drop last year, leaving it below $2 trillion for the first time since March 2021. The sell-off came a year after the iPhone maker became the first company to reach the $3 trillion market capitalization milestone.
Achieving $500 will probably take longer than 12 months, possibly around five years if Apple maintains its robust median annual return of 24% since the early 1980s. Potential catalysts for reaching $500 include macroeconomic improvements and disruptive innovations like mixed reality or autonomous vehicles.
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 Becomes First US Company to Reach $3 Trillion Value." Barrons. "Apple Becomes First Company Worth $3 Trillion."
The stock market value of Apple Inc. hit $3 trillion and became the world's first company to do so. The market cap of Apple hit $182.86 per share, which made it the world's first company to touch the $3 trillion mark.
A trillion is such a huge number, followed by twelve zeros. That is one thousand times a billion (nine zeros followed by 1). Do you know that only 6 trillionaires ever lived on the face of earth? As of today, there are no trillionaires who live on earth.
By 2035, Microsoft and Amazon are projected to hit the US$5 trillion mark, followed by Tesla and Nvidia by 2066 – almost four decades after Apple. It's predicted Apple will be worth an eye-watering US$19.3 trillion by the time Tesla and Nvidia make it to the US$5 trillion club.
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.
Apple Joins Amazon as Second Company to Lose $1 Trillion in Value in 2022.
Indeed, a close look at the stock suggests that a $4 trillion market cap could be within reach for the tech company in the near future -- possibly even within 2022.
With a market capitalization of 2.64 trillion U.S. dollars as of April 2021, Apple was the world's largest company in 2022. Rounding out the top five were some of the world's most recognizable brands: Saudi Arabian Oil Company (Saudi Aramco), Microsoft, Google's parent company Alphabet, and Amazon.
Jan 3 (Reuters) - Apple Inc (AAPL. O) on Monday became the first company to hit a $3 trillion stock market value, before ending the day a hair below that milestone, as investors bet the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality.
The Google parent hit $1 trillion in value for the first time in January 2020. “It's just a number, but I think it demonstrates that these are leading companies,” Kim Forrest, founder and chief investment officer at Bokeh Capital Partners, said in an interview.
$100 billion: GE, 1995. With Jack Welch at the helm, GE built a booming business selling aircraft engines, home appliances, light bulbs and advertising through its control of NBC.
Jeff Bezos Amazon Company Becomes the First Company in History to Lose $1 trillion Market Cap.
It has been there before
The market being what it is today, there are only three companies valued at more than $1 trillion: Apple, Microsoft, and Alphabet. Amazon will join them again soon, and many other companies will get there over the next few years.
Apple, Microsoft, and Aramco are all still well above the $1 trillion mark for now, but Alphabet's trajectory could take it out of this list if circumstances don't change soon.
Amazon is the first U.S. company to lose $1 trillion in market capitalization, according to research firm KCR.
Resolution Criteria. This question will resolve as Yes if, at any point between January 1, 2021 to January 1, 2050, Sam Bankman-Fried is the richest person in the world according to the Bloomberg Billionaire Index or Forbes' List of Billionaires.
Who is the richest man in the world? As of May 1, 2023, the richest man in the world is Bernard Arnault, the CEO and chairman of LVMH of France; he's worth nearly $237 billion. He moved into the number one spot after Elon Musk's fortune fell in late 2022 as shares of electric carmaker Tesla fell.
Mansa Musa or Musa I of Mali is considered one of the richest people ever. Musa was the ninth emperor of the Mali Empire, one of the prosperous Sahelian kingdoms that developed along the trans-saharan trade routes in the later medieval period.