Apple became the first private company in the world to exceed the USD 1,000 billion mark on the New York Stock Exchange in terms of market capitalization.
This symbolic threshold was exceeded when the action reached USD 207.05 on Wall Street around 15.50 GMT. The Chinese public company PetroChina briefly outpaced this threshold in 2007 on the stock market but fell rapidly below USD 1,000 billion.
Apple’s capitalization has had a spectacular evolution. In 2001 it was only USD 6 billion, in 2005 it was USD 25 billion, and at the launch of the iPhone, in June 2007, it was USD 106 billion. Three years later it went up to USD 174 billion, and in April 2010 it was over USD 200 billion.
In the summer of 2011 the value of USD 300 billion was reached and in April 2012, the USD 400 billion threshold was surpassed. There have also been periods of fall: from USD 588 billion in September 2012 to USD 325 billion in April 2013.
In the autumn of 2014, the market capitalization of Apple exceeded USD 600 billion, and three years later the value reached USD 800 billion.
Apple sold 41.3 million iPhones last quarter, compared with 41 million in the similar period of 2017. In addition, the release of the iPhoneX peak model last year made the average price of an iPhone sold by the company to reach a record of USD 724/unit, compared to USD 606 a year ago.