Apple Becomes The First Company To Reach $3 Trillion Market Value
Apple Becomes The First Company To Reach $3 Trillion Market Value. It has been reported that Apple Inc has become the first company in the world to reach a market value of $3 Trillion. According to reports the company crossed the milestone on the 3rd of January 2022.
The company was also the first company to reach the $1 Trillion market value in 2018 and in 2020 the company hit the $2 Trillion dollar maker value mark. It is clear that the company has been on a steady growth pattern over the last few years as it has managed to grow exponentially in its value.
The iPhone manufacturer is a company that comes as no surprise that it has reach these new heights as it is one of the most technological forward thinking and innovative companies that bring about a lot of impact throughout the world. Apple supplies high end luxurious technological products into the marketplace which are deemed to be very valuable. These products and the way that the company has been able to grow since its inception gives investors more reasons to buy the company’s stock, which is why it has maintained its growth trajectory.
Apple Inc. is an American multinational technology company that specialises in consumer electronics, computer software and online services. Apple is the largest information technology company by revenue and, since January 2021, the world’s most valuable company. As of 2021, Apple is the fourth-largest PC vendor by unit sales and fourth-largest smartphone manufacturer. It is one of the Big Five American information technology companies, alongside Amazon, Alphabet (Google), Meta (Facebook), and Microsoft.
Apple was founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne to develop and sell Wozniak’s Apple I personal computer. It was incorporated by Jobs and Wozniak as Apple Computer, Inc. in 1977, and sales of its computers, among them the Apple II, grew quickly. It went public in 1980, to instant financial success, hence it will continue to grow beyond the value it has reach now.
