My Geek Score: The iPhone’s producing company, Apple Computer Inc. or popularly referred as Apple has crossed another milestone of hitting the $3 trillion market value on Monday.
It is the first company in the world to have immense worth. Microsoft is still at $2.5 Trillion, which is the 2nd top company globally.
In the last 12 months, due to surge in the sale of consumer electronics, mainly the iPhone 13, the Apple stocks raised by 90%.
In addition to the iPhone 13, iPhone 13 Pro, iPhone 13 Pro Max, iPhone 13 mini, its other models, plus subscription-like Apple Music, Apple TV+, iCloud, and more, helped the company cross the $3 trillion bar.
Apple’s success is not overnight; instead, come a long way. Apple Inc. crossed $1 trillion in August 2018 and a threshold of $2 trillion in August 2020 ever since the company hasn’t stopped growing.
The USA-originated company, Apple Inc., is the leading role model for all the technology (consumer electronics, computer software, and online services provider) companies. In September 2021, the apple shares were nearly 32%, which is more than $83 billion.
In India, the demand for iPhone 11 and iPhone 12 has allowed the company to lead in India’s smartphone market.
However, globally, iPhones are the most valuable product of Apple Inc. and responsible for its 50% revenue since 2008.
Although, the company has diversified its product with air pods, watch, Apple T.V., music, personal computers, MacBook, ipads, and more.
Apple was once a part of trillion races, where amongst all the major companies globally hold shares like this. For example, Amazon at $1.7 trillion, Microsoft at $2.5 trillion, Tesla at $1.2 trillion, Tim Cook’s Apple has set the world record. Amazon is still prominent in the e-commerce industry.