Apple is worth more than the entire UK economy. Apple is also worth more than all listed German companies put together, just to put it in perspective. Apple briefly touched the milestone when the share price reached $ 182.86. Financially, Apple is doing quite well: in 2018, Apple passed the 1 trillion dollar mark and in 2020 the milestone of 2 trillion dollars followed. Less than two years later, $3 trillion is being tapped. The rapid pace is mainly due to the many work-from-home measures, which have made people increasingly need Macs and iPads to learn, work and relax.
The sounds that Apple is doomed and lost, are therefore muted. The chart below from the New York Times shows the spectacular growth. Apple's success is primarily due to the popularity of the iPhone, which still accounts for the bulk of its sales. But Apple is also doing well in other areas, such as services.
Other tech companies with a market value of more than 1 trillion are Amazon, Microsoft, Tesla and Alphabet. Facebook parent company Meta is just a little below it. Outside the US, Saudi Arabia's state oil company, Saudi Aramco, is on the same level.