Apple became the first American public company to cross $1 trillion in value
Since entering the market in the late 1970s, Apple has consistently supplied the consumer electronics market with innovative and revolutionary products. Since the first Macintosh computer, released in 1984, to portable devices of recent generations, Apple has been on the front line of technological progress, providing its products to customers.
Recently, the company’s new devices began to form new areas of the market. The iPhone smartphone, released in 2007, caused an explosion in the smartphone market with a touchscreen, which gave rise to an endless number of similar models of other companies, each more impressive than the previous one. In 2010, the iPad tablet gave birth to a new, rapidly growing tablet market, acting as a link between the smartphone and a personal computer. Indeed, by the time competitors introduced their own similar models, Apple had already released a second-generation tablet, the iPad 2.
Such a dominance in the industry, based on innovation, coupled with the commitment of customers, led to a significant increase in the value of the company. Despite the lag in the personal computer market, Apple’s market capitalization surpassed Dell’s performance in 2006, its stock price has risen from $ 6 to $ 80 since 2003. By 2010, Apple’s share capital reached a record $ 300 mark, and the company’s own value was estimated at almost $ 280 billion. The share price steadily rose to the level of 59% by 2011.
Despite the demise of the founder and the permanent CEO Steve Jobs, who brought a lot to Apple’s success, the company continued to grow actively, but not at such a fast pace. The growth was negatively affected by the aggravation of the global financial crisis. However, the demand for the company’s products and their quality contributed to the stable growth of the company’s value.
Apple has achieved a market capitalization of more than $ 1 trillion, the second repeating the recent record of the oil giant PetroChina, which reached a similar level in 2007.
The global economic depression intensified, finally slowing the growth of Apple’s performance. The corporation will remain at the top of the list of companies for some time and will continue to create new innovative products and technologies in the future.