What is Apple?
The question from several quarters has been how much is Apple worth? Apple is an American multinational technology company that has a net worth of $2 trillion, as of August 2020. The history of Apple Inc. is the stuff of corporate legend. The rise, fall, and rise again of the company, has been chronicled in magazines, books, and television movies.
Key Facts of Apple’s Net Worth
We cant talk about how much is apple worth without taking a look at the founder’s vision. When primary founder, Steve Jobs, passed away in October of 2011, people around the world mourned his death publicly. The success of the company is such, that there was a short amount of time during the debt-ceiling crisis that Apple, Inc. actually had a greater amount of money in their reserves than the US government.
The company employs approximately 60,000 people around the world full-time, and another 3.000 part-time. Launched by Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976, the company struggled initially, running up against Commodore, Tandy, and then IBM and Microsoft, who became their biggest, continual rivals.
The launch of the Macintosh, developed by Jobs, in 1984, proved successful but did not last, and after a round of infighting, Steve Jobs was kicked out of the company a year later. For the next few years, the company would experience major ups and downs, with a brief period of success in the late 80s and early 90s.
It was not until the late 90s, when Steve Jobs returned to run the company, that they finally started their rise to technological power. With the introduction of the all-in-one iMac in 1998, an entirely new era began for Apple.
Since then, they have continued to expand their product line, introducing such massively popular products as the iPod, the iPhone, the MacBook Air, and the iPad. Also, The company has been viewed as exemplary for many years, but recently came under fire for conditions in its overseas factories.
How much is Apple Worth
Firstly, $1 trillion: On August 2, 2018, Apple shares topped $207 for the first time ever. At that level, Apple became the first American public company to top $1 trillion in market cap.
How much is Apple worth? $2 trillion: On August 19, 2020, Apple’s market cap hit $2 trillion for the first time. It’s the first American company to top $2 trillion in market cap.
Apple has thrived during the pandemic, as many people were forced to stay home. The company was forced to stay at home. The company has benefited from working from home trends and strong online sales; it posted record third-quarter earnings in late July, with nearly $60 billion in revenue, not to mention double-digit growth in its products and services segments.
What to Watch out for
Apple shares are about to get more affordable for investors. The company will finalize its four-for-one stock split at the end of August, which means a single share will be worth around $117. While the value of the company will remain the same, there will now be more shares available trading at lower prices. It is no doubt that the company is dominating the technology market, among its contender are; Samsung and Microsoft, etc.
With all the milestones that the Apple company as achieved, it’s obvious that all their products are top-notch and that’s what makes the brand stand out.