- Apple is the world’s most profitable company.
- Apple is the first publicly traded company valued at $1 trillion.
- Tim Cook is the current Apple CEO.
Apple is one of the world’s largest companies — No. 9 on the 2017 Fortune Global 500 list — and arguably the most well-known technology brand. On Aug. 2, 2018, Apple became the first company to hit a $1 trillion value; Amazon is close behind.
Released in July, Apple’s Q3 results included $53.3 billion in revenue, a 17 percent increase from a year ago. Here’s how Apple’s status figures into investor expectations:
|What Apple Is Worth|
|Apple’s Share Price, 52-Week Range||$142.20-$194.08|
|Apple’s Market Cap, 52-Week Range||$721.5B-$984.8B|
|GOBankingRates’ Evaluation of|
Apple’s Net Worth
|All information on 52-week range accurate as of June 7, 2018.|
|CEO Tim Cook’s Net Worth||$800 million|
Click to keep reading about Tim Cook, one of the riches CEOs, and Apple’s success.
Apple’s Market Cap Range: $721.5B-$984.8B
A company’s overall stock value determines its market capitalization. Although Apple’s net worth is below its market cap range of $721.5 billion to $984.8 billion — it hit the $1 trillion mark in August 2018 — its share prices indicate market longevity and what is probably a safe bet for investors.
Apple Net Worth: $492.9B
Even though market cap gives you a sense of what the market values a company at, it’s based entirely on market sentiment, which, in turn, is influenced by a multitude of consumer variables and market players. GOBankingRates calculates a company’s net worth using full-year profits and revenue from the last three years and the company’s assets and liabilities.
Based on Apple’s revenue and profits from the last three years and its assets and liabilities, the company is worth almost $500 billion.
Customer Loyalty to iPhones Is Driving Apple’s Ongoing Success
Apple’s developments in computer, entertainment and communications products have made it a household name since the company went public in 1980. Apple’s best-selling product is by far the iconic iPhone; in 2017, USA Today reported that not only was the iPhone the top-selling tech product of the year, but it had also outsold more units than the next four top-selling tech products.
The New York Times called iPhone sales a “base camp” for the company and cited them — along with continued customer loyalty and a focus on data privacy — as part of what propelled the company toward the $1 trillion market cap milestone in 2018.
Apple’s Founders, Leaders and Investors
Steve Jobs and Steve Wozniak met through a mutual friend and bonded over their love of technology. The two Steves co-founded Apple in 1976, laying the foundation for what would become the world’s most profitable company, according to the 2017 Fortune Global 500 list. Jobs would ultimately be fired from his own company in 1985, an anecdote he shared in his famous 2005 Stanford commencement address along with his comeback story. Tim Cook was named CEO in August 2011.
Apple’s largest individual shareholder is Calico founder and CEO Arthur Levinson, who owns more than 1 million shares. Apple’s institutional shareholders include large financial companies like BlackRock Inc., the State Street Group and Berkshire Hathaway Inc. — investment tycoon Warren Buffett’s company — making Apple Buffett’s largest holding.
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Methodology: The GOBankingRates Evaluation assesses a company’s net worth based on the company’s total assets, total liabilities, and revenue and net income from the last three years. Base value is established by subtracting total liabilities from total assets from the company’s last full fiscal year. Income value is established by taking the average of the revenue from the last three full fiscal years, plus 10 times the average of the net profits from the last three full fiscal years, and then calculating the average of those two figures. The final GOBankingRates Evaluation number is the sum of the base value and the income value.