We bet there is no one in this world who is not familiar with the half-eaten ‘Apple’ logo behind some of the best in the class electronic equipment of our age. Apple is a US-based multinational technology company whose headquarter is in California. It makes a wide range of electronic products such as mobile phones, laptops, tablets, smart watches, i-pods, etc. It also develops software like macOS, iOS, Safari, iTunes, etc.
It’s the world’s largest IT Company in terms of revenue and the world’s 3rd largest mobile phone manufacturer after Samsung and Huawei. Recently, in August 2018, the company’s gross value crossed $1 trillion, and with this achievement, it has become the world’s first trillion dollar company! Now let’s have a closer look at the net worth of Apple in 2018.
On 1 April 1976, three American nationals Steve Jobs, Steve Wozniak, and Ronald Wayne founded Apple to sell the Apple computer which was named as Apple I. However, as the market of personal computers increased, Apple saw a downfall due to the lower prices of PCs from competing companies especially Microsoft Windows.
Then in 1997, the American software company NeXT merged with Apple and its founder Steve Jobs became the CEO of Apple. Steve made a number of hardware and software changes, and soon the company started to gain profit. In August 2011, Steve resigned from the post of CEO due to his deteriorating health and Tim Cook was appointed as the new CEO.
On 10 January 2006, the company launched its first laptops with Intel microprocessors. They were named MacBook Pro and iMac. After a year, the company launched iPhones and Apple TVs. The former was so admired by users that just within 30 hours of sale, the company sold 2,70,000 iPhones. The launch of this device became “a game changer for the industry,” and soon it came up with new products like that of iPod and iPad.
In July 2008, the company’s app store was launched to sell the third party applications for iPhones and iPads. The app store became very popular and just within a month, 60 million apps were sold raising a massive revenue of $1 million per day. By the end of 2008, the company became the third largest mobile phone supplier in the world, and it maintains that position till date.
Apple’s products have been so loyal towards their customers that today just the brand “Apple” is enough for selling any product. It has been continuously termed as the world’s most prestigious tech brand. Despite the high price, it’s the brand value and the cool features of its products that are gaining more and more momentum among people especially the youth. In 2017, with a brand value of $170 billion, Forbes listed Apple as the most valuable brands of 2017.
This was the eighth continuous term when the company topped the list of most valuable brands. In 2010, with a brand value of $57.4 billion, Apple crossed Microsoft, and for the first time, it became the world’s most valuable brand. From then on, the company has maintained its position, and even in the future, it is expected to do so. Acquiring a gross value of $1 trillion in recent times is the biggest ever achievement of the company.
Net Worth & Earnings:
As of now, the net worth of Apple is $1 trillion. The company became the first ever tech company to cross a net worth of $1 trillion.
Apple has today become a giant tech company functioning worldwide. However, its journey was not without hurdles. Due to the low prices of other companies, it had to go through severe loss just after it launched its first product. However, it was the brilliant mind of Steve Jobs who after taking charge as its CEO made various changes in its products and once again the company started to gain profit. With the launch of the iPhone and its own app store, the company set milestone achievements and left all its rival companies far behind.