Apple crossed the symbolic threshold of $ 3 trillion in market capitalization on Monday. This is a first in stock market history. This valuation testifies to the success of a group whose value has increased almost tenfold since the departure of the emblematic founder, Steve Jobs.
The title lost a little value thereafter. AAPL, the initials of the title listed on the Nasdaq, weighed in closing Monday, $ 2,986 billion.
Microsoft is the only other company in the world with a stock market value of over $ 2,000 billion.
Apple stock valuation.
A record in a difficult context for tech
In August 2018, Apple became the first company to pass the $ 1,000 billion mark in market valuation, 38 years after its initial public offering. Apple then only needed two years to cross the valuation of $ 2 trillion. It then took 16 months for it to be valued at $ 3 trillion.
This record valuation should be noted in a context of a shortage of components, which are nevertheless essential in the manufacture of chips and electronic devices. Apple lost around $ 6 billion in revenue last year due to the pandemic and supply chain situation.
45 years after its creation on the intuition of the general public microcomputer, Apple then turned to the smartphone with the iPhone. Its flagship product, launched in 2007, generated sales of $ 191.9 billion in fiscal year 2020/21. By far a record.
Tim Cook, Steve Jobs’ successor, was able to reinvent Apple. This austere-looking engineer quickly won over Wall Street thanks to his clear strategic directions, his pragmatism and his decision to develop Apple’s content and services offer.
This new growth engine, added to the success of the iPhone 13 launched in September, should allow Apple not to weaken in the coming months. The company has also promised that the full transition of chips from Intel to the home chip Apple Silicon should be completed this year. Apple plans to launch a new Mac Pro, a more powerful Mac mini, and a large-screen iMac Pro, all powered by Apple Silicon, this year.