Go Back   Wiki NewForum | Latest Entertainment News > Tech Gadgets Forum


Apple Beats Microsoft


Reply
Views: 172  
Thread Tools Rate Thread
  #1  
Old 01-04-2022, 08:07 AM
welcomewiki welcomewiki is offline
Member
 
Join Date: Dec 2008
Location: India
Posts: 83,229
Default Apple Beats Microsoft

New Delhi: Apple Inc, on Monday, became the first company in the world to hit a $3 trillion market valuation. On the first trading day of 2022, the shares of the tech giant hit a record high of $182.88, paving the way for the company to reach a milestone that no other company has yet achieved. According to a report by Reuters, investors believe that the company will keep launching top-quality products and explore new markets like virtual reality.

The report further said that Microsoft and Apple shared the $2 trillion market value club but Microsoft is still at $2.5 trillion and Apple has crossed the $3 trillion mark. Google’s parent company, Alphabet Inc, along with Amazon and Tesla have a market valuation of more than $1 trillion.

Apple Tripled Its Value In Four Years
The achievement is significantly important because the company hit the $1 trillion mark barely four years ago, in 2018. Within less than 4 years, the company has tripled its market value. According to a report by CBS News, the company hit the $2 trillion mark in August 2020.

The growth has been credited to Tim Cook’s vision for the company. He believed, according to the report, that the company should reduce its dependence on hardware and focus more on services. Interestingly today, the services of Apple are worth exactly half of the company’s total value, at $1.5 trillion.

Economically Bigger Than Most Countries
To set things into perspective, if Apple’s market value is compared with the Gross Domestic Product (GDP) of the countries of the world, it will still rank 5th. According to the data on investopedia.com, Apple’s market value is behind the GDP of only four countries, the USA, China, Japan and Germany.

India’s GDP is $2.66 trillion and UK’s GDP is $2.76 trillion, the data showed.
Apple Latest News: Within less than 4 years, the company has tripled its market value (Photo: AFP)


__________________
Amazon's Great Indian Festival Click Here
Reply With Quote
Reply

Tags
apple, microsoft

Latest News in Tech Gadgets Forum


Thread Tools
Rate This Thread
Rate This Thread:



Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2022, vBulletin Solutions, Inc.