Apple is officially the Worlds first $3 Trillion company based on market capitalisation Apple was widely expected to achieve the milestone this year but it seems that just three days into 2022, the tech giant is already there.
Apple’s stock price has exceeded $182.87 per share to take its valuation over the $3 trillion mark. This impressive achievement represents a tripling in the companies value over the past three years. It was just the end of 2018 when the tech giant achieved a $1 trillion valuation (and also a world first). And there are already whisperings that Apple might achieve a $4 trillion valuation by the end of 2022.
While these impressive numbers are fun to recognise, Apple’s CEO Tim Cook has rightfully and repeatedly pointed out that these milestones are not “the most important measure” of Apple’s success.
“financial returns are simply the result of Apple’s innovation, putting our products and customers first, and always staying true to our values.”Tim Cook via Buzzfeed
Apple’s financial stability has been a boon to the American economy and the lives of countless workers around the world that rely on the firms continued success. Suppliers, manufacturers, app developers and of course investors all win from these incredible results. Hopefully, Apple will share that success with its employees with additional stock grants and/or bonuses. Especially given their hard work to execute many successful product launches during the pandemic.
2022 looks to be another stellar year for Apple with rumoured new products said to include a redesigned MacBook Air, iMac Pro, Mac Pro and iPhone 14. Not to mention updates across the rest of its lineup including iPad, AirPods and Apple Watch. And of course, there are whispering that Apple may enter a new category with an AR/VR headset. Buckle up folks as it’s going to be an exciting year!
Featured image: Joshua Mayo via Unsplash