What is Apple Net Worth?

Understanding Apple’s Net Worth in 2024

Apple Inc., a technology giant known for its innovative products and services, has been making headlines with its impressive market cap. As of March 20, 2024, Apple’s market cap or net worth stands at a staggering $2.72 trillion. This figure represents a significant increase of 14.21% in just one year, showcasing the company’s continued growth and dominance in the market.

Apple’s Market Cap Growth Over the Years

Since December 1, 1998, Apple’s market cap has witnessed a remarkable surge from $4.60 billion to $2.72 trillion in 2024. This translates to an astounding increase of 59,017.90% over the years, with a compound annual growth rate of 28.67%. The company’s consistent growth trajectory has solidified its position as a market leader and a powerhouse in the tech industry.

Comparing Apple’s Net Worth to Global Metrics

Apple’s market cap of $2.72 trillion surpasses the GDP of most countries around the world. In comparison to the global GDP of $87.799 trillion in 2019, Apple’s market cap represents 2.36% of this figure. Additionally, only a handful of countries have annual GDP figures greater than Apple’s market cap, highlighting the company’s economic significance on a global scale.

Apple’s Market Cap in Relation to Stock Exchanges and National Budgets

When looking at the total market capitalization of major U.S. stock exchanges, which was $45.57 trillion as of March 15, 2021, Apple’s market cap accounts for 4.56% of this total value. Furthermore, Apple’s market cap is comparable to the U.S. budget deficit, with the federal deficit slightly exceeding Apple’s net worth. However, Apple’s value is dwarfed by the nation’s total federal debt of $26.945 trillion.

Apple’s Market Cap Versus Historical War Costs and Billionaires’ Net Worth

Apple’s market cap surpasses the inflation-adjusted costs of significant U.S. wars, including World War I, the Vietnam War, and the Iraq War. Moreover, when compared to the combined net worth of the world’s richest individuals, Apple’s market cap outshines the wealth of the top billionaires, underscoring the company’s immense value and financial prowess.

Frequently Asked Questions About Apple’s Net Worth

What is Apple’s Current Net Worth?

Apple’s net worth is calculated as its assets minus liabilities. As of March 15, 2021, the company’s market capitalization stood at $2.08 trillion, reflecting its market value based on outstanding shares and stock price.

Which Company Is Richer, Microsoft or Apple?

While Microsoft boasts an impressive market cap, Apple surpasses it in terms of net worth. As of March 15, 2021, Microsoft’s market cap was $1.8 trillion, approximately 87% of Apple’s market cap.

Is Apple Worth a Trillion Dollars?

Apple achieved the milestone of being the first company to reach a $1 trillion market capitalization in 2018. Subsequently, in 2020, Apple surpassed $2 trillion in market value, solidifying its position as a tech giant with a net worth of $65 billion in 2020.

Is Apple Bigger Than Amazon?

While Amazon entered the $1 trillion club shortly after Apple, it has yet to reach Apple’s $2 trillion market cap milestone. In 2020, Amazon reported a net worth of $43.55 billion, trailing behind Apple’s $65 billion.

Is Tim Cook a Billionaire?

Apple’s CEO, Tim Cook, is estimated to have a net worth of $1 billion. With an annual salary and bonuses totaling around $15 million, Cook has played a pivotal role in Apple’s success and growth.

Apple’s remarkable journey from its founding in 1976 to its current status as a tech behemoth with a market cap of $2.72 trillion in 2024 showcases the company’s resilience, innovation, and financial prowess in the ever-evolving tech landscape.