Highlights

  • Apple’s cash flow also makes the stock a safe haven during times of market uncertainty
  • Apple stock has outperformed Bitcoin in the last year

Latest news

IPL 2022, GT vs RR , Final Preview: Can Rajasthan win the title for Shane Warne?

IPL 2022, GT vs RR , Final Preview: Can Rajasthan win the title for Shane Warne?

‘Bhool Bhulaiyaa 2’ actor Kartik Aaryan's meet-and-greet with fans in Pune

‘Bhool Bhulaiyaa 2’ actor Kartik Aaryan's meet-and-greet with fans in Pune

Woman stabbed on busy road in Hyderabad, incident caught on camera

Woman stabbed on busy road in Hyderabad, incident caught on camera

Banner barring BJP workers from entering police station in UP goes viral

Banner barring BJP workers from entering police station in UP goes viral

BFFs Kareena Kapoor, Amrita and Malaika Arora take on trolls calling them ‘Buddhi’

BFFs Kareena Kapoor, Amrita and Malaika Arora take on trolls calling them ‘Buddhi’

Apple sets record with $3 trillion marketcap, it's bigger than India's GDP

Apple's relentless rally - Marketcap tops $3 trillion, stock up 5,800% gain since iPhone debut

Apple Inc has become the first US company to top the 3 trillion dollar mark for its marketcap. With soaring sales, Tim Cook sits atop the world's largest company with a $3 trillion market cap. $3 trillion - is bigger than the GDP of the UK, France, and India and closing in on Germany's economic output.

Here is a look into Apple's soaring numbers-:

• Apple has tripled its valuation in the last four years

• Became the first publicly traded US company to hit a $1 trillion in 2018

• It hit a $2 trillion valuation just over two years later on Aug. 19, 2020

• Stock is up 5800% since Steve Jobs' debuted the iPhone in 2017

• Since 2017: Apple stock up 5800%, S&P500 up 230%

• Its weight within the S&P 500 Index is 7%.

• Apple Inc has nearly $200 billion in cash

Apple is likely to have the company at the top as Microsoft is now worth about $2.5 trillion and Google owner Alphabet's market value is right around $2 trillion.

Also watch| Elizabeth Holmes' conviction & the Theranos fraud, everything you need to know about this startup scam

Up Next

Apple sets record with $3 trillion marketcap, it's bigger than India's GDP

Apple sets record with $3 trillion marketcap, it's bigger than India's GDP

US Markets: S&P 500, Dow log best week since November 2020

US Markets: S&P 500, Dow log best week since November 2020

Top market news: Business brief for May 28; from GDP cuts to warnings for startups

Top market news: Business brief for May 28; from GDP cuts to warnings for startups

Bulls are back: Markets set to snap losing streak

Bulls are back: Markets set to snap losing streak

Investor who called the 2008 crash says 2022 is a 'plane crash'

Investor who called the 2008 crash says 2022 is a 'plane crash'

Gautam Adani's wealth went up by Rs 300 cr everyday this year! This is what all he owns

Gautam Adani's wealth went up by Rs 300 cr everyday this year! This is what all he owns

More videos

Oh SNAP! $160 billion wiped out, is the dream run over?

Oh SNAP! $160 billion wiped out, is the dream run over?

'Prepare for the Worst' Silicon Valley kingmaker warns startups

'Prepare for the Worst' Silicon Valley kingmaker warns startups

Markets at close: Terrible Thursday, biggest single-day fall in 2 months

Markets at close: Terrible Thursday, biggest single-day fall in 2 months

Explained | Why Tesla is no longer on 'green and clean' index, Musk calls S&P a scam

Explained | Why Tesla is no longer on 'green and clean' index, Musk calls S&P a scam

Markets crack: Sensex sinks 1000 points, Nifty below 16000

Markets crack: Sensex sinks 1000 points, Nifty below 16000

Markets crash: Inflation, rate hike hits tech and retailers big time

Markets crash: Inflation, rate hike hits tech and retailers big time

LIC IPO Muted Debut: Here is what Macquarie makes of the stock

LIC IPO Muted Debut: Here is what Macquarie makes of the stock

LIC IPO Listing: Debut at discount but gains traction

LIC IPO Listing: Debut at discount but gains traction

Ambuja and ACC shareholders - this is what the Adani acquisition means for you

Ambuja and ACC shareholders - this is what the Adani acquisition means for you

Adani to acquire Ambuja Cement and ACC from Holcim

Adani to acquire Ambuja Cement and ACC from Holcim

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.