Apple is on a roll despite the virus-inflected sluggish market. The technology giant’s growth story has been fascinating from the moment of its inception 1976 to the evolution as a game-changer with revolutionary products like the iPod, Macbook and iPhone.
Just this week, Apple Inc. hit a Wall Street milestone with its market valuation touching $2 trillion, becoming the first US company to achieve this remarkable feat. Here is a look at some mind-blowing facts about its storied growth which includes many firsts and records.
- Apple broke into the prestigious Fortune 500 list in 1983 and has been climbing the charts ever since.
- When the company’s co-founder, the American inventor and designer, Steve Jobs died in 2011, Apple was valued at about $350 billion.
- Apple became the first $700 billion company in early 2015, and soon after overtook Google as “world’s most valuable brand” in the BrandZ top 100 list, buoyed by its iPhone 6 sales.
- 42 years after its formation, Apple reached $1 trillion in value in August 2018.
The pandemic saw the tech behemoth registering double-digit growth in its products and services segments.
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