Apple became the first Wall Street company to end a trading day with a capitalization of more than $3 trillion, its shares revalued to $3.051 trillion.
Apple is a multinational company that develops and sells consumer electronics and information software.
It also acts as a digital distributor of multimedia content. The iPhone smartphone, iPad tablet and iMac personal computer are the company’s three main product lines.
In addition, the company implemented a chain of specialty stores known as the Apple Store almost all over the world.
It was founded on April 1, 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne to market Wozniak’s first computer, the Apple I. It was then known as Apple Computer Co. On January 3, 1977, the company was officially incorporated in California.
In 1987, the domain ‘Apple.com’ was registered, making it one of the first 20 companies to venture further into the Internet. Around those same years, it was also competing with the IBM computer.
Apple Computer produced early personal computers for more than three decades, which began as the Apple II, Macintosh and Power Mac.
However, during the 1990s, sales were difficult and market share was not large. Jobs, who had left the company in 1985, returned in 1997. after Apple bought the company it had created at the time.
The following year, Steve Jobs was appointed CEO of the company and continued to lead the company after that. Later, starting with the initial iMac in 1998, Jobs incorporated the idea of recognizable products with a simple design.
Steve Jobs founded Apple, along with Steve Wozniak, in 1976.
Then they introduced iPod music player in 2001which was very popular, and the iTunes music store in 2003.
Apple consolidated itself as a leader in the consumer electronics sectors, which is why it made the decision to eliminate the word ‘computer’ from the name in 2007 leaving only Apple Inc.
The company is also known for its iOS line of smartphones, tablets, and media players, such as the iPhone, which later transitioned to the iPod Touch and later the iPad.
From then on, Apple has been in charge of releasing new products such as augmented virtual reality glasses, Apple Vision Prothe iWatch, and more lines.
Apple’s annual global revenue increased from $65 billion in 2010 to $128.8 billion in 2011 and $156 billion in 2012.
In September 2020, The iPhone 12, 12 Pro and 12 Pro Max were presentedthese were the first iPhones compatible with the 5G network.
In April 2021, the company launched the iPad with M1 technology, as well as a new iMac with the same technology, to recall the iMacs offered in 5 colors announced in 1999.
Already in the last two years, Apple reintroduced four new iPhones, with the lines iPhone 13 and iPhone 13 Pro from 2021 and the iPhone 14 and iPhone 14 Pro lines of 2022.
In 2022, the company announced the first Macs with Apple’s M2 chip and a new series of Apple Watch with higher performance for outdoor activities known as Apple Watch Ultra.
This is what the yellow iPhone 14 looks like
The path of capitalization
The American company already momentarily touched the symbolic figure of 3 trillion capitalization in January 2022, becoming in the first company to achieve itbut until now it had never managed to close above that value.
Apple became the first company in the United States to reach a trillion dollars in 2018, nearly four decades after going public in 1980and it doubled that value in just two years thanks to the push of the covid-19 pandemic.
After falling during the past year, the price of the Californian company has recovered this year, in which it accumulates a rise of 49.08 percent.
On the last day of June, Friday 30, 2023, the technology giant’s shares appreciated 2.31 percent, up to $193.97, shooting up its capitalization to $3.051 billion.
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