Apple Touches $2 Trillion Valuation: Doubled In Just 2 Years

Must Read

3 Most Common Mistakes Social Media Marketers Are Committing In 2016

In their quest for greater sales and increased ROI, the self-appointed “digital marketing guru” has lost touch with what...

The Best Selling Smartphones Of 2016: Apple iPhone 6s Tops The Chart

Good news for Apple, as a recent report by IHS Markit found that the Apple iPhone 6S was the...

A Big Blow To Amazon and Flipkart: CCI Investigation To Continue

Flipkart and Amazon continue to find themselves in hot water as their plea against the investigation that is being...

Apple shares rose to record high on Wednesday. As a result it became the first US company to hit $2 trillion valuation.

Based on a share count of more than 4.275 billion, Apple Inc. (NASDAQ:AAPL) broke the barrier just before 11 a.m. ET, when its price rose to $467.77.

The spike was briefly though it has added one more feather in Apple’s market cap. Apple has become the first publicly-traded company to touch $1 trillion as well as $2 trillion valuation.


The other tech behemoths Microsoft, Amazon and Alphabet are not far behind though.

What is more impressive here is that Apple’s journey from $1 trillion to $2 trillion has been no less than a case study. It took the iPhone maker just 2 years to double its valuation.

In the last one year as well Apple recorded phenomenal growth, clocking 120% YOY growth in its market valuation.

Via: GraphFarm

Apple has been on a dream ride for the last few years, clicking record YoY growth in its revenue. Despite all the hullabaloo against the exorbitant price strategy employed by Apple, iPhone sales continued to skyrocket. It’s quite evident from the fact that the company presented the best ever third fiscal quarter ending June 2020 with recorded revenue of $59.7 billion

Under the leadership of Tim Cook, Apple continued scaling new heights with impressive sales growth it’s its products as well as services offerings. 


Just to put things in context, since the demise of Apple’s visionary CEO Steve Jobs in late 2011, the valuation of the company increased from $350 billion to $2 trillion, at 21.3% CAGR. Indeed, this is the best yearly performance posted by any tech company in the last decade.


Please enter your comment!
Please enter your name here

Latest News

Ola IPO: No Earlier Than FY23 To Make The Most of Electric Vehicle Hype

Excited by the historic response to Zomato IPO, many other Indian startup unicorns have started gearing up for IPO....

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded and unparalleled...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter, with a...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one of the...

More Articles Like This