Apple became the first company to reach $3 trillion in market value on Monday, a leap of $1 trillion in just 16 months despite sometimes shaky sales of the iPhone.
The Wangfujing store in Beijing has Apple staff members celebrating.
The images are by Feng Li.
The New York Times reported that Apple's dramatic growth was reinforced by rising iPhone sales.
Demand for Apple products exceeds supply by about 12 million units, with supply chain issues expected to ease during the first half of 2022, according to a report.
Apple is expected to launch the upgraded AirPods and possibly a virtual-reality headset with augmented-reality features in 2022, according to a report.
The release of an Apple Car by the year 2025.
At the end of the year 2021, Apple is valued at $2 trillion, followed by Microsoft at $2.53 trillion, and Amazon at $1.69 trillion.
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Ford became the first US company to reach $100 billion in value in 1995. Microsoft became the first U.S. company to hit $500 billion when Apple was about to file for Chapter 11. Apple became the first U.S. company to reach $1 trillion in 2018, as a result of the rising popularity of the iPhone. Tech companies benefited from an increase in remote work and online shopping, and Apple became the first U.S. company to hit $2 trillion, even as the global economy shrank due to the coronaviruses. In June and November, Microsoft and Alphabet reached $2 trillion.
Apple is more valuable than the United Kingdom but less than Germany, according to World Bank data.
A key quote.
We thought it would be a successful company that would last forever. Steve Wozniak told the New York Times that he didn't envision this. The amount of memory that could hold one song was $1 million at the time.
There was aContra.
Apple cut its production target for the iPhone from 90 million to 80 million due to supply chain issues, as the delay between order and delivery of microchips hit a record average of 21.7 weeks. During the holiday season in 2021, demand for the iPhone slowed as shortages and delivery delays increased.
There is a structure called the Tangent.
In December, Apple gave $180,000 in stock bonuses to some of its top engineers to prevent them from leaving the company.
The New York Times reported that Apple became the first company to hit $3 trillion in market value.
Microsoft is close to $2 trillion market value, second only to Apple in the U.S. (Forbes)
