Do you want to know how much is Apple net worth? Read further to know more.
Apple is a success and counted among the biggest five corporations in the field of information technology. It faces competition from valuable companies such as Microsoft, Google, IBM, Facebook, and Amazon.
How much is Apple net worth?
Apple is the most valuable company with a net worth of $2 trillion.
But there are always questions on how much is Apple net worth? What exactly is Apple making? According to Forbes 2020, Apple reached a net worth of $2 trillion (USD).
In August 2020, the American multinational technology corporation created history. Apple became the first US company to cross the landmark of $2 trillion.
- Related: Amazon net worth
- Related: Net worth of Google
The company is involved in manufacturing, formulating, and communicating. Apart from that, the company was generating 4 times more profits than Walmart.
How much is Apple Net Worth?
The market capitalization of Apple is even more than Microsoft, Google as well as Amazon.
Their profit accounted for $60 billion in August of 2020. In 2018, Apple achieved the tag of the first publicly-traded company in America that has earned a value of more than $1 trillion.
Net Worth of Apple: Quick Summary
| Company | Apple |
| Net Worth | $60 billion (August 2020) |
| Founded | April 1, 1976 |
| Founder | Steve Jobs, Steve Wozniak, Ronald Wayne |
| Headquarters | Cupertino, California, USA |
| Industry | Technology |
With this accomplishment, investors became confident. The market capitalization improved even further in the coming years. By the end of 2019, the $1.3 trillion targets were complete.
Finally, the company crossed $2 trillion in market capitalization in the fiscal year 2020.
According to NBC News, it is also roughly 10% of American GDP. Apart from that, iTunes of Apple is the widest music merchandiser around the globe.
The company holds the title of the 4th largest personal computer dealer. Apple is also the fourth most significant manufacturer of smartphone gadgets.
Apple’s net worth in rupees is Rs 149858600000000 (almost Rs 1.5 crore crores) as of August 21, 2020, according to Financial Express.
Check out this blog Stupid Apple Rumors that talk about latest Apple products that Wow the world.
The Timeline of Apple‘s Net Worth
How has this all started? That is the next thing that comes to mind. How much is Apple net worth in the initial days?
The company has seen several ups and downs in its journey.
Steve Jobs, Steve Wozniak, and Ronald Wayne started Apple in April 1976. In the initial years, it used to go by the name Apple Computer Company. In the subsequent year or 1977, the company was renamed Apple Computer, Inc.
The purpose was to sell Apple’s desktop computers, also called Apple-1. With the introduction of Apple-2, they changed the company’s name to Apple Computer, Inc.
Corporations like Tandy, Commodore, IBM, and Microsoft are Apple’s competitors in the industry.
During the 1980s, the company worked on graphical user interfaces and Macintosh. Also, Apple products were quite expensive, and they observed some success along with failures.
Making shares accessible to minor investors was important. This is why the corporation went public with a four-for-one stock split in 1980. As the name suggests, a claim can be divided into 4 equal parts.
The following year Steve Jobs left Apple and founded NeXT. In 1977, this business merged with Apple. Steve returned and became director once again.
After his return, the company sought electronic items and technological advancement. Apple Computer Inc. launched products known as iMac and iPod in 1998. It was a part of restoring the enterprise.
They started Apple stores, which is a retail chain owned by Apple. This was a time when the company has risen once again. The corporation has introduced many other gadgets in the market.
The list includes iPhone, iPad, and the MacBook Air. In the year 2007, the computer was removed from the name, and the company came to be Apple Inc. Their fakes like Airpods Clone were selling so well that a lot of Chinese factories were making it!
An era concluded with the demise of Steve Jobs in 2011. It has come a long way from a mere garage in Los Altos of California.
Now the point remains is how much is Apple net worth increasing in the later years? Today, Apple is a tech giant and one of the most valuable companies.
In 2020, its annual revenue accounted for about $274.5 billion. As per Wikipedia, there are around 147,000 employees in the company.
The total assets and equity are worth $323.888 billion and $65.339 billion, respectively. There are around 510 retail stores in 25 countries. Not just that, they have their online stores too.
Many have criticized Apple for its production and indecent standards. They manufacture products as well as services. These range from PC, iPod, iPhone, iMac, Apple TV, iPad, software applications, and many more.
Comparing Apple with Five Things
Bigger than economies of countries
In December 2018, Apple Inc. recorded a market capitalization of $1 trillion (USD). According to the world bank, that year the Global GDP produced around the globe was $85.9 trillion.
The GDP of 14 nations is bigger than Apple’s market value. There are many countries with a GDP of less than $1.3 trillion. These include The Netherlands, Mexico, Turkey, Indonesia, Saudi Arabia, and Switzerland.
Apart from that, the world bank data tells that 216 countries are below Apple. This comprises 82.1% of the global economy.
Then how much is Apple net worth more than the world economy? When this figure is analyzed, then Apple’s market capitalization is almost 1.5%.
According to Investopedia, the company had a value of 6.3% of the enormous American economy with a GDP of $20.5 trillion in 2018. The tech giant has maintained its position even during a pandemic.
At present, Apple is $2.13 trillion in terms of market capitalization. The company’s net worth is two-thirds of the Indian GDP, $3 trillion (USD).
Its market value is also more extensive than the Gross Domestic Product (GDP) of many developed economies.
These are Brazil with $1.8 billion GDP, Australia with $1.37 billion, Italy with $1.9 billion of total GDP, Canada with $1.7 billion, Russia’s GDP at $1.6 billion, and Spain with $1.39 billion GDP level as per Financial Express.
18 Richest People of the world
The US-based multinational company is bigger than the combined net worth of the top 18 wealthiest people in the world.
- Amazon CEO Jeff Bezos is the world’s wealthiest man in the year 2020. He has a net worth of $118 billion, as per Forbes magazine.
- Although it increased to $184 billion in 2021 and Elon Musk, Tesla Motors CEO, overtook him with a net worth of $185 billion.
- Billionaires like Bernard Arnault, who has a net worth of about $113 billion.
- Followed by Bill Gates with $109 billion
- and below him, Warren Buffett with $90 billion.
As per Investopedia, when all the net worths of the top 18 people are combined into one, this figure is equivalent to Apple’s market capitalization.
The world’s of one the most valuable corporation’s stock accounts for about 20% of his $1 billion net worth. Most of the rapid rise credit goes to driven by anticipation for upgrades to 5G devices, health, iPhone 11.
Both are in massive demand since 2019. Apart from products, clients are inclined towards services provided by Apple. The list comprises iTunes, iCloud, App Store, and Photos.
In the pandemic, people are further using these services. Several users are connecting with Apple services.
Larger than Market Value of Stock Exchanges
How much is Apple net worth more than the market value of top stock exchanges in the world? In December 2019, the tech giant’s market capitalization became even bigger with $1.3 trillion.
Apple Inc. is about 1.5% of the entire share marketed in the best 72 stock exchanges in the globe. When added, there is more than $84.9 trillion as per the World Federation of Exchanges and Investopedia.
There are only 14 stock exchanges that are larger than Apple’s market capitalization.
The list of lesser exchanges than Apple includes the Taiwan Stock Exchange, Brasil Bolsa Balcao, Moscow Exchange, Singapore Exchange Johannesburg Stock Exchange, and BME Spanish Exchanges.
Apple is almost 12 times bigger than Reliance Industries’ market value. It is also the biggest valued stock. There are theories and ideas about Apple.
This includes if tech giants can make up a country, which would be among the top 10 economies worldwide. That’s why Apple is counted among the most valuable companies in the world.
Bigger than US Budget Deficit
Apple’s market capitalization is larger than the budget deficit of the US economy. Deficit refers to the difference between one’s assets and liabilities. In America, the expenditures are more than the earnings or revenue.
This has resulted in a deficit situation, which has been criticized several times. According to Investopedia, the budgetary deficit was $984 billion by the end of September 2019.
In 2019, Apple’s market capitalization became 10% of the USA’s GDP, which was $21.4 trillion. There is a national debt of $22.72 trillion. The deficit of the fiscal year 2019 is bigger than in 2018.
Apple’s market value is higher than the enormous annual federal deficit of the American economy.
The last year 2020 saw a total fiscal deficit of $3.1 trillion. This is even bigger than triple the 2019’s fiscal deficit. It is also 15.2% of US GDP. This deficit is also the biggest in American history.
According to The Economic Times, Apple went about 7.5% of the S&P 500 in 2020. S&P 500 is the index that measured the market capitalization in the US.
These are publicly traded companies based in America. The process depends on the number of shares in the market. Not just that, the company is even costlier than the top 100 listed firms in all of the UK.
These generate up to $2 trillion.
Expenditure incurred by Wars
Apple has progressed especially in the last few years from reaching the target of $1 trillion in 2018 to 2019. The introduction of PC, iPod, iPhone, iMac, Apple TV, iPad, and many such applications and products.
When compared it’s 4 times bigger than Walmart and Apple Inc. market capitalization is even larger than the GDP of some countries.
The American Multinational Corporation has many examples of its greatness. Several people also like to draw a comparison between wars and Apple’s net worth.
Then how much is Apple net worth when correlated with wars? Wars are known for their destructive nature. A war or dispute always results in losses of life as well as money.
In 2010, the American Congressional Research Service came up with a report that calculated the financial cost of each war fought by the US between 1775 and 2010.
According to Investopedia, the expense of the wars of the US such as World War I, the Vietnam War, the Iraq War, and many more are lesser in comparison with Apple’s market capitalization.
Among all these wars the only war that was costlier than the others was World War II, which ended in 1945 and created an expense of $4.1 trillion.
As per this 2011 report, Apple’s market value is far more than the inflation rate. It was when adjusted amounts to World War I participation by the US. Apart from that the Vietnam War and the Iraq War were also included.
Apple’s Shooting Net Worth!
How much is Apple net worth? The US-based multinational corporation has progressed in the past few decades.
There were many ups and downs in the journey. From a small garage in California to become a valuable company with a market capitalization of $2 trillion in 2020.
In August 2018, Apple created history by reaching a market value of $1 trillion. The trend continued and Apple rose to $1.3 by December 2019.
Last year in August 2020 the company evolved into a $2 trillion company. This figure is often compared with the GDP of some economies.
It is bigger than the GDP of The Netherlands, Mexico, Turkey, Indonesia, Saudi Arabia, and Switzerland. Apple is richer than the top 18 billionaires. Its market capitalization is equal to its net worth combined.
The tech giant is counted among the big five and its market capitalization is 1.5% of the entire share marketed in the best 72 stock exchanges in the globe.
Not just that Apple Inc.’s market value is even higher than the fiscal deficit that occurred in the US economy.
Lastly, Apple’s market cap is further than the expenditure incurred in the 1st World War, the Vietnam war, and the Iraq war. In 1945, the only exception was the 2nd World War with $4.1 trillion.
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