APPLE'S $3 TRILLION MARKET WORTH IS RESULT OF 5,800% INCREASE IN VALUE SINCE IPHONE'S DEBUT

  • 03/01/2022

Washington: Apple became the first publicly traded corporation with a stock market value of more than $3 trillion on Monday, marking the latest milestone in the Silicon Valley behemoth's extraordinary stock rise since the introduction of the iPhone in 2007.


Since co-founder and former CEO Steve Jobs debuted the first iPhone in January 2007, Apple's stock has risen roughly 5,800 percent, greatly exceeding the S&P 500's gain of about 230 percent during the same period.

In the last three years, Microsoft and Amazon have each briefly surpassed Apple as the most valuable publicly traded firm in the United States, however Apple has recently regained the lead. Microsoft's stock market worth is at around $2.5 trillion, while Amazon's is around $1.7 trillion, having dropped behind Alphabet, which is now valued at $1.9 trillion.

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