What company is bigger than Apple?
Apple is the largest company in the world, with a market cap of $2.97 trillion. It's followed by Microsoft ($2.78 trillion), Saudi Arabian Oil ($2.14 trillion),
Apple. Apple Inc. is the biggest company in the world by market cap. The company is renowned for its groundbreaking products, such as the iPhone, iPad, and Mac, and they consistently push the boundaries of technology innovation.
Apple was the first ever company to amass a $1 trillion valuation in 2018. It has remained the world's largest company ever since except for brief periods when Microsoft stole the title.
In conclusion, while Google is undoubtedly a tech giant with a massive market cap, Apple currently holds the crown for the wealthiest tech company. Apple's market capitalization, revenue, and profit figures surpass those of Google, solidifying its position as the world's most valuable company.
Shares of Apple touched an all-time high this week at about $197. The company's $3.08 trillion market cap is higher than the GDPs of every country in the world except the top six.
This list comprises the world's largest companies by consolidated revenue, according to the Fortune Global 500 2023 rankings and other sources. American retail corporation Walmart has been the world's largest company by revenue since 2014.
3. Aramco. Aramco is a petroleum and natural gas company based in Saudi Arabia with a market capitalization of $2.2 trillion. Saudi Aramco is also the world's largest crude oil exporter, responsible for about 10% of global oil production.
By market cap measure, Apple (AAPL), with valuation of $2.6T, is in a league that includes Microsoft (MSFT) and, really, no one else is even close. Disney (DIS) has a market cap of about $178B.
Apple Inc. is a publicly traded company, so no individual or entity owns the company in its entirety. However, the majority stakeholder of the company as of 2023 is The Vanguard Group, which holds 7.6% of all outstanding shares.
With a market capitalization of 2.75 trillion U.S. dollars as of May 2023, Apple was the world's largest company that year. Rounding out the top five were some of the world's most recognizable brands: Microsoft, Saudi Arabian Oil Company (Saudi Aramco), Google's parent company Alphabet, and Amazon.
Is Apple a trillionaire?
Apple shares are up nearly 50% since the beginning of the year and have beaten the Nasdaq Composite Index's growth of about 30%. It took 42 years for the company to reach $1 trillion in 2018, then another two years to reach $2 trillion in 2020. Getting to the $3 trillion mark took nearly three more years.
APPLE (AAPL)
Apple has reclaimed the top spot on the list of the world's most valuable companies.
With a 71.72% market share across the world, it doesn't seem like iOS will ever overtake Google's OS. However, if you look at certain markets (specifically the US and Japan), iOS dominates.
July 3 (Reuters) - Apple Inc (AAPL. O) became the first company in the world to reach a market value of $3 trillion, buoyed by hopes over its expansion in new markets coupled with expectations of a more moderate approach to interest rate hikes by the Federal Reserve.
Key Facts. Shares of the iPhone maker jumped more than 1% to a fresh all-time high of $192 in morning trading and are now up nearly 55% this year. Now valued at $3.02 trillion, Apple remains the only $3 trillion company in history, having briefly crossed the threshold in January 2022.
Contrary to common belief, Tim Cook, Apple's CEO, is not the company's largest individual shareholder. Arthur Levinson is Apple's largest individual shareholder, owning 4.53 million shares worth around $882 million as of the closing share price on December 12.
As of the latest reports, BlackRock's AUM stands at a staggering $9.5 trillion, a figure that surpasses Apple's market capitalization of approximately $2.5 trillion. To put this into perspective, BlackRock's AUM is equivalent to managing the combined GDPs of Japan, Germany, and the United Kingdom.
Bank of America Corp. The Saudi Arabian Oil Company, known to most as Saudi Aramco, is by far the world's most profitable company, raking in a stunning $304 million of profits every day.
One of either Blackrock, Vanguard, or State Street is the largest shareholder in 88% of S&P 500 companies. They are the three largest owners of most DOW 30 companies. Overall, institutional investors (which may offer both active and passive funds) own 80% of all stock in the S&P 500.
The top 10 richest families in 2022 by estimated wealth are: The Walton family with $224.5 billion. The Mars family with $160 billion. The Koch family with $128.8 billion.
Who is the richest private company?
U.S. 20 largest private companies 2023, by revenue
In 2023, Cargill was the largest private company in the United States, by revenue. That year, they had a revenue of 177 billion U.S. dollars. In comparison, construction company Wawa made around 18.9 billion U.S. dollars.
Cargill is the most valuable private company in the world. 2 It is a company that you probably have only scant familiarity with, yet have almost certainly patronized. So who owns Cargill? The Cargill family, of course.
Paul R. La Monica of CNN Business wrote that while Apple certainly had the financial wherewithal to purchase Disney, it was unlikely they would be willing to do so due to Disney's high market value.
There would likely be major regulatory issues, and media mega mergers have a long track record of abject failure and value destruction. Apple's history suggests it stays away from large M&A, and there's little evidence Apple wants to buy Disney.
Apple Net Worth FAQs
Its market capitalization, or market value, is calculated as the total number of outstanding shares of stock multiplied by its market price. Apple's net worth at the end of the fiscal year 2020 was $65.34 billion. 11 Its market capitalization, however, is $2.08 trillion as of March 15, 2021.
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