Apple is a brand name that has been on top of the tech market for as long as one can remember. The company name resonates worldwide today, and there is no doubt that it will remain on top in the near future. Steve Jobs founded Apple in 1976, and he was the man that helped the company reach the point it is today. Today, its products are the benchmark for other companies.
In 2012, Apple became the most valuable company in history as it reached the market price of $621 billion, but that didn't stop the company from progressing further, as it is also the first company that touched the market cap of $1 trillion in 2018. To put it into perspective, the value of Apple alone is bigger than a few countries' economies and entire markets. However, it frequently fluctuates between going up and down from the trillion-dollar mark.
With the company's success rate this high, it is hard to imagine what the next big accolade it is going to achieve. Even if Apple's valuation drops to a weak estimation, which is $886 billion, it is still hard for many companies to keep up with it. However, Apple is facing a few struggles in its growth recently. For starters, the shipment of Apple's iPhone dropped by 30% in the first quarter of 2019. There are also a few trade tensions with China that can cost Apple big bucks. Moreover, the mobile phone market is now growing in several ways, which means there is more competition for iPhone – how long can Apple hold its position in this industry?
Amazon and Microsoft have joined the trillion-dollar club, so only the time will tell if Apple can hold its title for the most valued company. Even so, Apple's valuation is humongous – bigger than entire markets and economies. To visualize the value of Apple, here is an infographic that puts Apple's value into perspective.
Infographic by: howmuch.net