From Jack Nicas’ “Apple Becomes First Company to Hit $3 Trillion Market Value” posted Monday afternoon:
Combine Walmart, Disney, Netflix, Nike, Exxon Mobil, Coca-Cola, Comcast, Morgan Stanley, McDonald’s, AT&T, Goldman Sachs, Boeing, IBM and Ford.
Apple is still worth more.
Apple, the computer company that started in a California garage in 1976, is now worth $3 trillion. It became the first publicly traded company to ever reach the figure on Monday.
Apple’s value is even more remarkable considering how rapid its recent ascent has been. In August 2018, Apple became the first American company ever to be worth $1 trillion, an achievement that took 42 years. It surged past $2 trillion two years later. Its next trillion took just 16 months and 15 days.
Such a valuation would have been unfathomable a few years ago. Now it seems like another milepost for a corporate titan that is still growing and appears to have few tall hurdles in its path. Another tech giant, Microsoft, could follow Apple into the $3 trillion club early this year…
By just about any measure, a $3 trillion valuation is striking. It is worth more than the value of all of the world’s cryptocurrencies. It is roughly equal to the gross domestic product of Britain or India. And it is equivalent to about six JPMorgan Chases, the biggest American bank, or 30 General Electrics.
My take: Six JPMorgans is nothing to sneeze at.
This will be a great memory for my first member day.
“This will be a great memory for my first member day.” With a pop in the stock today, that makes you either fortuitous, lucky, an Apple 3.0 rabbit’s foot of sorts, or possibly the equivalent of the Goose that lays the Golden Eggs.
That being said: Do you have any other family members, friends, frenemies, high school teammates, carpool partners, or BFF’s that can also join Apple 3.0 each and every day for the rest of 2022? You might be a walking gift that keeps on giving much like the “Midas Touch.”
Thanks again for the $4.44 welcoming gift! You rock!
I’ve been an Apple fan since my daughter introduced me to the iPod and then, shortly after, being hooked by the Dancing Silhouette Feist 1234 commercials.
Having since converted all my family and close friends to the world of Jobs, I’ve always believed Apple’s best advertising has been WoM (Word of Mouth by happy users extolling their satisfaction to others.)
Dabbling in AAPL early on, I became serious after the 2008 crash such that it paid for my home in 2015 and has now secured a very comfortable retirement. I’m looking forward to enjoying my new PED Apple Neighborhood.
Not sure if that’s more of a commentary on the lackluster leadership of Britain and India, or the remarkable talents of Apple management.
So if Apple created it’s own country, would it be called a commonwealth? Just sayin’.
FIFY.
That’s a major reason to be grateful for Apple 3.0 and PED! An island of sanity in a burning desert of crazy….
It has ever been thus. Maybe it’s jealousy, maybe it’s the result of so much F.U.D.D. over so many years. Who knows. But the Apple haters are real, and never did make much sense.
Then the $3 trillion mark would be at ~$183.93, well within reach this week. By the time the Q1 earnings report comes out near end of month, hopefully this price will be long in the rear view mirror.
Yeah, but only at a MUCH higher valuation. AAPL’s P/E is about 32.5; MSFT’s P/E is presently about 37.4.
At a 37.4 P/E, AAPL would equal about (5.61×37.4=) $209.81/share….
Board member RPL, from way back. A google search of Apple and law of large numbers. Classic.
Posts At Eventide
Saturday, July 31, 2010
Apple and The Law of Large Numbers
To suggest that Apple’s current or near-term growth is limited due to its recent historical rates of growth is a fallacious argument. It suggests Apple’s pace of new product development will cease or slow and Apple in the future will be unable to find new markets or products for new markets in the way the company, for example, discovered revenue and earnings opportunities in smartphones and now digital tablet devices.