Apple becomes first public company to be valued at $3trn

[Social Media]

 

Apple has surpassed Microsoft, which is valued at $2.5trn, while oil giant Saudi Aramco is worth $2.08trn. Google parent company Alphabet, Amazon and software giant Nvidia, a world leader in AI technology, have market values of more than $1trn each.

 

 

Apple has entered the history books as the first public company to be valued at $3trn.

The 47-year-old technology juggernaut, co-founded by Silicon Valley legend, the late Steve Jobs in 1966, officially closed up 2.3% at $193.97 per share at the end of trading on Friday.

This brought its market value to $3.04trn - equivalent to £2.39trn.

Apple briefly surpassed a $3trn market value on consecutive days in January 2022. However, it could not maintain that figure by the time the markets had closed.

The company's stock plunged into a prolonged descent, with its market value dipping briefly below $2trn earlier this year, amid a slowdown in growth compounded by investor jitters over rising interest rates, impacting the entire tech sector.

Apple only approached the $3trn mark again earlier this month, when the company unveiled what it hopes will be its next big product - the Vision Pro virtual reality headset.

Microsoft is following close behind with a market value of $2.5trn.

 

FULL STORY

[Tug]

Wow!and just think it started with 2 guys in a shed incredible!and what an incredible world changing product they created!

Edited July 1, 2023 by Tug

[Dazinoz]

9 hours ago, Tug said:

Wow!and just think it started with 2 guys in a shed incredible!and what an incredible world changing product they created!

3 actually. Steve Wozniak, Steve Jobs (1955–2011) and Ronald Wayne

[BenStark]

10 hours ago, Tug said:

Wow!and just think it started with 2 guys in a shed incredible!and what an incredible world changing product they created!

Indeed incredible, selling third world produced devices at premium prices to their cult.

 

Only possible in the US.

[BenStark]

8 minutes ago, Dazinoz said:

3 actually. Steve Wozniak, Steve Jobs (1955–2011) and Ronald Wayne

i just read up on that Ronald Wayne.

 

Wow, he could be worth $95 billion today, but he is actually worth $400,000. if he hadn't sold back his stake for $800

[handymax]

Nvidia makes graphic processing units GPU (video cards) for high speed gaming applications.
It's not really correct to designate them as the leader in AI technology.....that might be a future goal but certainly not how they got to where they are today.

[ozimoron]

58 minutes ago, handymax said:

Nvidia makes graphic processing units GPU (video cards) for high speed gaming applications.
It's not really correct to designate them as the leader in AI technology.....that might be a future goal but certainly not how they got to where they are today.

Nvidia make the only chips routinely used for AI right now.

[candide]

5 hours ago, BenStark said:

Indeed incredible, selling third world produced devices at premium prices to their cult.

 

Only possible in the US.

And in China. 

[Skeptic7]

13 hours ago, Dazinoz said:

and Ronald Wayne

Yeah, prob not the best visionary and decision maker. Poor guy in more ways than one...net worth 2023 $400,000 ????

[Bday Prang]

2 hours ago, Skeptic7 said:

Yeah, prob not the best visionary and decision maker. Poor guy in more ways than one...net worth 2023 $400,000 ????

A sign of the times when somebody with a net worth of nearly 1/2 a million dollars can be described as "poor". Many people can only dream of such figures