Apple becomes the world's first US $3tn company

The California tech giant has seen its stock market value sky rocket on the first day of trading in 2022, breaking new ground for the Cupertino-based brand

US technology giant Apple has now hit a stock market valuation of $3tn (£2.2tn). The first day of trading in the year hit a intraday record of $182.88 per share.

This represents another milestone for the company among many previous achievements, which Technology Magazine recently highlighted back in November's issue.


Life after Jobs

Since the unveiling of the iphone in 2007 by co-founder and former chief executive Steve Jobs, the firm's share price has risen by around 5,800%, outpacing the S&P 500's 230% gain during the same period, according to Reuters.

Back in August of 2021, Apple's chief executive Tim Cook - who was celebrating 10 years in the role - received and then subsequently sold more than five million shares in the firm, resulting in more than $750m. The shares were part of his deal with Steve Jobs, awarded upon on how well Apple's shares had performed compared to other firms on the S&P 500 stock index.

The world's most valuable company, Apple stands alone above Microsoft Corp ($2.5 tn), Alphabet , Amazon, Tesla (all above $1 tn) and Saudi Oil Company ($1.9 tn).

Apple's stock market status in numbers

  • Company made its stock market debut in 1980 with a market valuation of $1.8bn
  • August 2018 saw the company hit a valuation of $1tn
  • As of January 2022, Services business alone is believed to be worth $1.5 trillion
  • Last 16 months has seen stock market valuation rise from $2tn to $3tn due to pandemic-influenced sales of smartphones, tablets and laptops during lockdowns.





Featured Articles

The store is dead, long live the store

Alex MacPherson, Director of Solution Consulting and Account Management at Manhattan Associates, says the demise of bricks and mortar retail is premature

Fighting the Great Resignation with predictive analytics

As employers grapple with challenges brought about by the Great Resignation, could predictive analytics be the key to solving these problems?

Executive Q&A with Dr. Shu Wei Goh, COO, Skymind

Dr. Shu Wei Goh is also co-founder of the global AI ecosystem builder and VC firm, Skymind. He joins Technology Magazine for a chat about his journey

Biotech giant Benchling launch Alphafold AI from DeepMind

AI & Machine Learning

Preparing for quantum: next steps for enterprise

Enterprise IT

How to strategise as a Chief Technology Officer

Digital Transformation