Apple Corporation Net Worth: Apple is an American Multinational giant tech company, Apple net worth is stake at $2 trillion dollars as of the time of 2020.
Highlight Of Apple Net Worth
- Apple’s market cap now eclipses that of other U.S. tech giants, including Microsoft ($1.7 trillion), Amazon ($1.6 trillion), Google parent Alphabet ($1.1 trillion) and Facebook ($761 billion).
- Apple was also the first U.S. company to reach a $1 trillion market cap, which it did just over two years ago, on August 2, 2018.
- On July 31, 2020, after reporting strong third-quarter earnings, Apple surpassed Saudi state oil giant Aramco to become the world’s most valuable publicly traded company.
- At $2 trillion, Apple’s market value is now higher than the GDP of numerous developed countries, including Italy, Brazil, Canada, Russia and South Korea, to name a few.
Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops and sells consumer electronics, computer software, and online services.
It is considered one of the Big Tech technology companies, alongside Amazon, Google, Microsoft, and Facebook.
The company’s hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, the Apple Watch smartwatch, the Apple TV digital media player, the AirPods wireless earbuds and the HomePod smart speaker.
Apple’s software includes macOS, iOS, iPadOS, watchOS, and tvOS operating systems, the iTunes media player, the Safari web browser, the Shazam music identifier and the iLife and iWork creativity and productivity suites, as well as professional applications like Final Cut Pro, Logic Pro, and Xcode. Its online services include the iTunes Store, the iOS App Store, Mac App Store, Apple Music, Apple TV+, iMessage, and iCloud. Other services include Apple Store, Genius Bar, AppleCare, Apple Pay, Apple Pay Cash, and Apple Card.
How Apple Begins
In 1976, Steve Jobs co-founded Apple with Steve Wozniak, and Ronald Wayne in his parents’ home on Crist Drive in Los Altos, California. Although it is widely believed that the company was founded in the house’s garage, Apple co-founder Steve Wozniak called it “a bit of a myth”. Jobs and Wozniak did, however, move some operations to the garage when the bedroom became too crowded.[Wikipedia]
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.
The success of the company is of 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 3000 part-time workers.
Apple Net Worth
Apple is currently one of the top five richest and most successful technology companies in the world, with an estimated net worth of $2 Trillion Dollars.