The company reached this historic milestone on January the 3rd when Apple’s stocks reached a record-high $182 on the exchange.
According to the timeline of Apple.Inc, the company managed to triple its value in only four years. And that is even more evident if we take into account the whopping 29% increase in revenue in just one year that Apple reported in the fourth quarter.
Moreover, Apple notices a 25.6% growth, also in one year and that is mainly thanks to its service business. In addition, the graphs also reveal that Apple nets something over $18 billion in revenue during the fourth quarter.
And these numbers are without calculating Apple venture in VR (virtual reality) and AR (augmented reality).
Daniel Ives, an analyst at Wedbush, believes that Apple reaching 3 trillion dollars market cap is only the beginning for Apple.
In fact, the analyst states that solely the value of Apple service business is estimated at around $1.5 trillion, commenting that AAPL will only continue to grow in the upcoming 2022.
Another testament to Apple’s ‘impervious’ stocks is the fact that the tech giant is more financially viable even than the leading cryptocurrency in the world, Bitcoin.
Yes, when compared over the past year, AAPL outperforms Bitcoin by 2%. This means that with 40%, Apple’s returns are bigger than Bitcoin’s 38% returns.
In addition, Apple also offers far less volatility than Bitcoin, which is another reason why many investors decided to go with the tech giant, instead of the number one digital coin.
If we take into account that Apple has a steady cash flow and a customer base that counts in millions, there is basically no limit for the company except the one they set for themselves.
That is why Apple reaching the 3 trillion dollars worth mark is something that many expected to happen.
And considering that Apple is usually at the forefront of innovations, it wouldn’t be a surprise if the company reveals launching a new venture in the metaverse.
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