On January 3, 2022, for the first time in the global financial and IT history, the company's capitalization exceeded $3 trillion. Apple was the first to overcome this threshold. It took the American company only 14 months to gain another $1 trillion capitalization. In August 2020, Apple became the first public American company with a market capitalization of more than $2 trillion.
Over the previous three years, Apple's capitalization has tripled. In early August 2018, Apple's market value reached $1 trillion for the first time. Then it also became the first public American company to achieve this result. In June 2020, the company's capitalization exceeded $1.5 trillion.
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Apple management explained in 2021 that the company's success is due to the growth of sales in the field of products and services, the release of new products, as well as high international sales of Apple devices, which grow every new quarter.
In July 2020, Apple announced a stock split. At the same time, the value of securities decreased (from $460 to $115), and the number of shares in circulation increased fourfold. Now the company's share price is $182.
The threshold of $1 trillion capitalization has now been overcome by four more American IT companies - Microsoft ($2.5 trillion) and Alphabet ($1.96 trillion), Amazon ($1.7 trillion) and Tesla ($1.2 trillion). The fifth largest IT company Meta (Facebook) has a capitalization of $960 billion.
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