Apple is now worth $2 trillion. That is an American history. Saudi Aramco remains the first global company to hit that mark. Of course, Apple is the first private entity in the world to reach that mountaintop.
Among its many accomplishments — the iPhone, the iPad, iTunes, the App store — Apple can now boast of one more: It is now worth more than $2 trillion, making it the first company in the United States to reach that milestone.
The iPhone maker’s stock briefly hit the $2 trillion mark Wednesday. Shares have surged almost 60% this year and are at an all-time high. Apple, currently trading at nearly $470 a share, is about to become more affordable for average investors to purchase, too.
The company’s stock will split four-for-one at the end of the month, which will cut the price of a single share to about $117. The value of Apple remains the same since the company will simply have more shares trading at a lower price.
Apple has captured a lot of values when you examine its positioning in the smiling curve. It plays at both edges of the smiling curves while partners pick the center.
1. Advance your career with Tekedia Mini-MBA (Sept 13 – Dec 6, 2021): 140 global faculty, online, self-paced, $140 (or N50,000 naira). Click and register here.
2. Click to join Tekedia Capital Syndicate and own a piece of Africa’s finest startups with a minimum of $10,000 investment.