Apple Inc. is a multinational company which was originally founded by Steve Jobs, Steve Wozniak, and Ronald Wayne on 1976. The company is into designing, developing, selling computer softwares, electronics and online services. Apple Inc. became the first American company to achieve, the total value of its publicly traded stock, cross $1 trillion marks in August 2018.
Apple’s iPhone transformed the company from being a player in personal computers into a global powerhouse. It evolved from selling Mac personal computers to becoming an engineer in the mobile revolution. The stocks of the company leaped, 2.8 percent to $207.05. The company was able to buy back $20 billion of its own shares.
Source : support.apple.com
Apple has changed how consumers connect with each other and how businesses conduct daily transactions. Since its initial public offering in 1980, Apple’s stocks have surged more than 50,000 percent. S&P 500 has seen a 2,000-percent increase in Apple through these almost forty years.
It was the first ever smartphone company to launch a full-touchscreen phone, the iPhone and it was no less than a miracle. A year before the iPhone launch, Apple had achieved less than $20 billion in sales and the net profit was below $2 billion. By 2017, the sales had grown more than 11 times to $229 billion, becoming the fourth highest in the S&P 500. Its net income had swelled up to $48.4 billion, and it had become the most profitable public-listed U.S. company.
Source : imore.com
The current price of an Apple’s Stock is about $207 dollars. Apple’s rise shows the strength of the technology industry and its impact as a market leader.
Apple became a part of Dow Jones Industrial Average in 2015, which is a widely used measure of stock prices.
It has strong competitors from other technology companies. It could lose its top position to Amazon, the online sales company which has achieved a market value of $880 billion. Apple is not the first publicly traded company to reach the $1 trillion mark. PetroChina, a Chinese oil company, had reached that spot in 2007, later on losing much of that value.
Source : storage.googleapis.com
The leading technology companies in high market value are Apple, Amazon and Alphabet, which is the parent company of Google. However, a traditional industrial business company, The Saudi Arabian Oil Company is known as Aramco, could surpass Apple. It plans to offer its stock to the public, which could make it reach a stock market value of $2 trillion, up to two times bigger than Apple’s
Starting off in a garage with three friends for being the first tech company to reach the trillion dollar mark, the story is something that makes everyone sit down and listen in awe. Their achievements have been stupendous and they lead the profits in the smartphone industry by quite a big margin when compared to other competitors.
Source : marketing91.com
From being on the verge of bankruptcy to making others follow its footsteps, like the exclusion of the headphone jack or the adoption of the notch, every other OEM takes Apple to be the inspiration and follows it almost in a blindfold manner. And we already know that these followers are not just any random companies, they are heavyweights themselves which speak volumes of this company’s achievement as a leader.