How Much Is Apple Worth?

"Hong Kong, China - October 20, 2011: People in the Apple Store at International Finance Center, Central Hong Kong, opened on the September 24, 2011.
Nikada /

Apple is one of the world’s largest companies. Although it fell from fourth place in 2020 to sixth on the 2021 Fortune Global 500 list, it is arguably the most well-known technology brand. In August 2020, Apple became the second company in the world to hit the $2 trillion value mark, behind Saudi Arabia’s Aramco.

Released on July 27, Apple’s third-quarter results set a June quarter record, with $81.4 billion in revenue. These impressive results are just a piece of the puzzle in terms of evaluating Apple’s worth, however.

To see how much Apple is worth, take a look at this snapshot of the company’s current state, along with a discussion of the company’s history, value and future outlook.

Apple: Company Snapshot
Headquarters Cupertino, California
Year Founded 1976
Founders Steve Jobs, Steve Wozniak
CEO Tim Cook

How Much Is Apple Worth Now?

Many companies and individuals have suffered during the coronavirus pandemic, but Apple continues to shine. The company stock split 4-1 in August 2020, and shares are at their highest since the split.

From a 52-week low of $103.10, Apple’s share price recently reached a high of $150.00. This put the company’s market capitalization at over $2.4 trillion during the year. Market pundits use this figure to express how much a company is worth.

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As of Aug. 4, Apple’s share price is $146.95, giving the company a current market capitalization of $2.429 trillion.

What Is Apple Worth?
Share Price, 52-Week Range $103.10 – $150.00
Market Cap, 52-Week Range $1,704,243,000,000 – $2,479,500,000,000
Fiscal Year 2020 Revenue $274.515 billion
Fiscal Year 2020 Profit $57.411 billion
Shareholders’ Equity $64.28 billion

What Is Market Capitalization?

Market capitalization is simply the number of outstanding stock shares a company has issued times its current market price. So, for example, if a company has issued 1 million shares of stock and its share price is $50, the company has a market capitalization of $50 million. Apple currently has about 16.53 billion shares outstanding, so 16.53 billion times the closing stock price of $146.95 on Aug. 4 equals about $2.429 trillion.

Market cap does have its drawbacks as an evaluation method, however. For starters, market cap changes frequently, and it’s closely tied to the company’s current share price. It doesn’t take into account any of the direct financial metrics of the company, such as earnings per share, growth rate or book value.

By way of comparison, the price-earnings ratio, which is another popular valuation method, is also closely tied to a company’s market share price. The P/E ratio also relies heavily on a company’s earnings, which some investors feel is a more important determinant of a company’s valuation.

Apple’s Market Cap Range

Apple’s market cap varies from moment to moment based primarily on its share price. Although an increase in outstanding shares could also increase its market cap, that type of change occurs far less frequently than a change in share price, which can occur in less than one second. Here is Apple’s share price range over the past 52 weeks:

Share price: $103.10 – $150.00

As a result, Apple’s market cap over that same period has also fluctuated in this range:

Market cap range: $1,704,243,000,000 – $2,479,500,000,000

With such a wide fluctuation in share price, Apple’s market cap has also been extremely variable.

What Is Apple’s Net Worth?

In its simplest form, net worth is a company’s assets minus its liabilities. Shareholders’ equity, which likewise equals total assets minus total liabilities, is essentially a company’s net worth. Apple’s total shareholders’ equity as of the quarter ending June 26 was $64.28 billion.

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Apple’s Founders

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 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.

According to Forbes, Steve Jobs’ net worth at the time of his death in 2011 was $7 billion.

Key Product Lines Contributing to Revenue

Apple is a consumer products juggernaut. It makes a wide variety of communications devices, personal computers, digital music players and other technological gadgets. Some of its most well-known products are household names, including the following:

  • iPad
  • iPhone
  • Mac
  • Apple Watch
  • iPod
  • Apple TV

The company also offers services, from iCloud and Apple Pay to its iOS operating system, among others.

Here are some of the earnings highlights from Apple’s fiscal third quarter ending June 26:

  • Revenue was up 36%
  • Quarterly earnings per diluted share of $1.30
  • Nearly $29 billion was returned to shareholders during the quarter
  • Highest services revenue yet

Apple’s Top 10 Shareholders

The top 10 shareholders of Apple stock are all asset managers or mutual fund companies. As a group, institutional and mutual fund shareholders own 59.10% of all Apple shares. Here’s what the top shareholders list looks like:

Shareholder Percentage of Shares
1 The Vanguard Group Inc. 7.50%
2 BlackRock Inc. 6.38%
3 Berkshire Hathaway 5.37%
4 State Street Corp. 3.77%
5 FMR LLC 2.09%
6 Geode Capital Management LLC 1.51%
7 T. Rowe Price Associates Inc. 1.21%
8 Northern Trust Corp. 1.20%
9 Norges Bank Investment Management 1.01%
10 Bank of New York Mellon Corp. 0.94%

Any of these shareholder percentages can change at any time, even dropping down all the way to 0%. Apple is a perennial Wall Street favorite, so these percentages may hold, but if the company’s fortunes turn sour, institutions may bail out at any time.

How Does the Future Look for Apple?

Apple is having a great run in 2021, but the company has been a long-term success story as well. With a rabidly loyal consumer base and a wildly popular product line, Apple’s business model seems poised for further growth in the future.

The consensus rating from analysts covering Apple stock is “buy,” with a composite price target of $159.34, according to Yahoo Finance. The company continues to post record revenues and profits, and unless it takes a major misstep with its product line, its success seems likely to continue.

Is Apple Worth the Money?

Apple has been a great bet, but with a stock price that has appreciated significantly over the year, it can no longer be considered “cheap.” However, analysts still have a “buy” rating on the stock, and momentum may keep pushing this stock higher.


Share price is just one of the variables you should consider when investing in a specific stock. Your financial situation plays a large part in determining whether or not you should invest in stocks at all — let alone invest in a specific stock like Apple. Working with a fiduciary financial advisor is a good way to delineate your investment objectives, risk tolerance and personal financial situation to determine if investing in stocks is a good match for you.

Company Net Worth Guides

Cynthia Bowman and Sean Dennison contributed to the reporting for this article.

Data is accurate as of Aug. 4, 2021, unless otherwise noted, and subject to change.

Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.

About the Author

After earning a B.A. in English with a Specialization in Business from UCLA, John Csiszar worked in the financial services industry as a registered representative for 18 years. Along the way, Csiszar earned both Certified Financial Planner and Registered Investment Adviser designations, in addition to being licensed as a life agent, while working for both a major Wall Street wirehouse and for his own investment advisory firm. During his time as an advisor, Csiszar managed over $100 million in client assets while providing individualized investment plans for hundreds of clients.

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