The company is the first in the world to achieve this appreciation.
After years and years of history and great global success, the technology giant, Apple, broke a new record by becoming the first company in the world to reach a market value of US$1.4 trillion. According to data from TradeMap, the company saw an increase of US$1.4 trillion in its market value throughout the first half of 2023.
Last Friday, the company's shares closed at US$ 193.97, up 2.31%. To reach the trillion-dollar mark, it would need to reach US$ 190.73.
With that, Apple became US$1.5 billion more valuable than the second largest company in the world.
Check out the ranking:
- Apple – US$1.4 trillion
- Microsoft – US$2.5 trillion
- Saudi Aramco – US$2.1 trillion
- Alphabet – US$1.5 trillion
- Amazon – US$1.3 trillion
This is the second time Apple has reached this market value. The company was also the first in history to at least reach known as the “trillion dollar club”. However, in January 2022, the stock trading day ended with the company slightly below this level.
What are the reasons for the growth?
The reasons cited as most important for the growth in the company's value would be the growing demand in the important Indian market and the expectation of its next launch, the mixed reality headset., called Vision Pro. The product will be released in 2024 and will cost US$$ 3.5 thousand.
Additionally, Apple has been one of the few tech companies that has not carried out mass layoffs in recent months, instead opting to freeze hiring policies. The company's performance has analysts believing it could reach $1.4 trillion in revenue by 2025.
Apple
Apple was founded in 1976 by Steve Jobs and Steve Wozniak, and initially focused on manufacturing computers. It was only with the Macintosh computer that it achieved global fame and, after decades of turmoil, it once again became a reference in the market with products such as the iPod music player, the cell phone iPhone and the Apple Watch smartwatch.
iPhone
Taking into account only the sales of phones manufactured by Apple, the company has sold 2.32 billion iPhones since 2007, when the first iPhone was launched.
With a 3.5-inch screen, touch-sensitive glass panel and support for multitouch, the iPhone 2G was a revolution in the mobile phone market. The device debuted with just a 2 MP camera, iPod integration and exclusive Apple applications, and sold for US$ 599.
The iPhone 14 Pro Max, the most recent, was launched with several changes, compared to the previous ones. It has a 6.7-inch screen, an A16 Bionic processor, and a 48 MP main camera, in addition to having the new satellite calling service, Emergency SOS, which allows you to make calls even away from signal towers.
