According to stock market trackers, Apple’s shares are now worth $206.54 apiece, meaning Apple has managed to beat its tech rivals to become worth $1 trillion. Here’s a look at the so-calls “Fangs”, tech firms that are growing at a quick pace; Amazon, is trailing at $885 billion, Google is at $850 billion, Facebook is at $503 billion, and Netflix is at $148 billion. Although it isn't considered a Fang company, Microsoft is also valued at $827 billion.
Neowin mentioned a few days ago that Apple was likely to pass the $1 trillion threshold thanks to the huge $53.3 billion in revenues it made in the last quarter. Revenues like that are the reason that Apple has managed to grow 50,000% since it listed in 1980, while other firms on the S&P 500 have only grown 2,000% in the same timeframe.
Apple’s huge growth, is largely thanks to the introduction of its portable devices, in 2001, when the iPod was launched the firm was valued at just $6 billion, this propelled the firm to $106 billion by the time iPhone was introduced. In August 2011, 18 months after iPad was launched, the firm was worth a whopping $624 billion.
Going forward, Apple, and other firms, will be looking to sell us different products because phones and computers have matured to a point where we feel like we don’t need to buy a new one as often. It’s likely items such as virtual reality headsets, autonomous vehicles, and smart home devices will be the new products for them to focus on going forward.