Apple has done it again! Forty-seven years after being founded by Steve Jobs, Steve Wozniak, and Ronald Wayne, Apple has become the 1st company to be valued at $3 Trillion dollars!
I’m not sure what people will find most interesting about that sentence; that Apple is now worth $3 Trillion dollars, or that there was a 3rd co-founder of Apple that no one ever talks about?!?!
But it’s true, Ronald Wayne co-founded Apple along with the more famous “Steves”, but he barely made a penny from Apple’s historic journey. He has a fascinating back-story that we’ll definitely have to do a video on in the future. But back to this story.
Apple has become the 1st company to be valued at $3 Trillion dollars!
Apple has been listed among Fortune’s 50 Most Powerful companies in the world for several years running. In August of 2018 they became the first company EVER to hit a $1 Trillion dollars valuation. From there they just hit the accelerator and speed toward August of 2020 when they became the first company EVER to achieve a $2 Trillion dollar valuation. Now in December of 2023 they’ve achieved a $3 Trillion dollar valuation.
Want to hear an insane fact? Apple’s market valuation is now higher than the GDP of entire countries including Italy, Canada, Australia, or Brazil.
So What’s next for Apple? I’m not talking about what number comes after 3 (even I can do the math). I’m talking about how long until they add another Trillion dollars to their valuation, and where can they go from here?
Well, if you look at the trend they seem to be adding Trillions to their valuation at an accelerating velocity. A $4 Trillion dollar valuation might only take them another year to 18 months, but what I can tell you is it’ll happen well before any other company on the planet can reach the same valuation. Apple truely is in a league of their own!