Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Apple’s $3 trillion market value follows 5,800% gain since iPhone debut

Stock MarketsJan 03, 2022 02:17PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. REUTERS/Mike Segar/File Photo

By Noel Randewich and Saqib Iqbal Ahmed

(Reuters) - Apple (NASDAQ:AAPL) on Monday became the first publicly traded company with a stock market value of over $3 trillion, marking the latest milestone in the Silicon Valley heavyweight's spectacular stock surge since introducing the iPhone in 2007.

Apple's shares have climbed around 5,800% since co-founder and former Chief Executive Steve Jobs unveiled the first iPhone in January 2007, far outpacing the S&P 500's gain of about 230% during the same period. (Graphic: Apple vs the S&P 500 since the iPhone's introduction, https://fingfx.thomsonreuters.com/gfx/mkt/zdpxoqdrkvx/Pasted%20image%201641232975265.png)

Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN) have each briefly eclipsed Apple as the most valuable publicly listed U.S. company in the past three years, although Apple has recently pulled ahead. Microsoft's stock market value currently stands at about $2.5 trillion, while Amazon's is at around $1.7 trillion, having fallen behind Alphabet (NASDAQ:GOOGL), now at $1.9 trillion. (Graphic: Apple vs other Big Tech, https://fingfx.thomsonreuters.com/gfx/mkt/gkplgljzdvb/Pasted%20image%201639173927883.png)

Several Big Tech firms saw their shares outperform Apple's 2021 gain of 34%. Microsoft and Tesla (NASDAQ:TSLA) both rallied about 50% in 2021, while Alphabet jumped 65% and Nvidia (NASDAQ:NVDA) soared 125%, putting the chipmaker's stock market value at over $700 billion.

Apple now accounts for about 7% of the S&P 500, up from as little as 5% in June and back in line with where it started 2021. (Graphic: Apple's weight in the S&P 500, https://fingfx.thomsonreuters.com/gfx/mkt/mopanqyzqva/Pasted%20image%201639174103861.png)

Following its 2.9% gain on Monday afternoon, Apple is trading at about 30 times its expected 12-month earnings, down from a multiple of 32 in early 2021 but still at highs not seen since 2008, according to Refinitiv data. (Graphic: Apple's PE valuation, https://fingfx.thomsonreuters.com/gfx/mkt/znvnexjojpl/Pasted%20image%201639174241611.png)

As Apple's stock has climbed in the past several months, so have analysts' price targets. J.P.Morgan and BofA Global Research in December each raised their price targets for Apple's stock to a street high of $210, according to Refinitiv. That price target would put Apple's market capitalization at about $3.45 trillion. (Graphic: Apple vs analyst price targets, https://fingfx.thomsonreuters.com/gfx/mkt/dwvkrzjndpm/Pasted%20image%201639173730845.png)

Apple’s $3 trillion market value follows 5,800% gain since iPhone debut
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
paul chiu
paul chiu Jan 03, 2022 2:26PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
More $AAPL stock money for Mrs. Steve Jobs to give away.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email