Apple net income for the twelve months ending September 30, 2022 was $99.803B, a 5.41% increase year-over-year. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Apple shares are about to get more affordable for investors, too. Shaquille O'Neal distributes free Apple iPhones every year. 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Investors are already valuing Apple stock similar to one of the most popular subscription services: Netflix. An investor and market watcher since the 1970s, he received an AB in economics from Harvard College, an MBA in finance from The Wharton School of The University of Pennsylvania, and authored the book Career Confidential: An Insiders Guide to Business. The rapid embrace of technologies such as 5G, virtual reality and artificial intelligence has also increased the allure of Apple and other Big Tech companies. Amazon passed $1 trillion on September 4, 2018. With the total assets valued at 323.888 billion US dollars, Apple has treated itself with a net worth of approximately 2.43 trillion US dollars in the year 2021. Despite where it's headed, it maintains its position at the top. Apple Inc. leads all public companies with a $2.08 trillion market cap. Jobs would ultimately be fired from his own company in 1985, an anecdote he shared in his famous 2005 Stanford commencement address along with his comeback story. The Silicon Valley company has tripled its valuation in just under four years. The P/E ratio also relies heavily on a companys earnings, which some investors feel is a more important determinant of a companys valuation. It was founded in 1976 by three technicians Steve Wozniak, Ronald Wayne, and Steve Jobs. As we head into the holiday season with our most powerful lineup ever, we are leading with our values in every action we take and every decision we make, Cook said in a press release. Apple is now worth about three quarters of a trillion dollars: $750 billion. According to the most recent Consumer Expenditure Survey from the U.S. Bureau of Labor Statistics (BLS), the average household earns $84,352 a year and spends Airport service workers from more than 15 airports staged strikes and rallied on Capitol Hill on Dec. 8 for a national day of action. With Tesla now the world's most valuable automaker as Wall Street bets heavily on electric cars, many investors expect Apple to launch its own vehicle within the next few years. Apple, a company founded 42 years ago in a Santa Clara Valley garage to make personal computers, is now worth $1 trillion. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Earnings of a total $1.1 trillion form the foundation of the $580 billion Apple worth to investors via its stock. Both companies sell everyday essentials in high volume, but the main difference in these two businesses is that Costco has a history of delivering consistent growth in EPS, while Kroger does not. ", TradingHours.com. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). To equal Apple's market cap, one must combine the net worth of the world's top 24 billionaires.. The two Steves co-founded Apple in 1976, laying the foundation for what would become one of the worlds most profitable companies, according to the Fortune Global 500 list. In its third-quarter of 2019, Apple earned $2.18 a share. In early 2020, Alphabet became the third American tech company to reach a $1 trillion valuation, joining Apple and Microsoft Tesla and Amazon since have joined the club.. The market has been upbeat about demand for Apple's (AAPL -0.34%) iPhone 13 and growing services business. On April 30, 2019, Microsoft (MSFT) joined Apple . Here's the 1 Social Security Change in 2023 That's Going to Hurt the Worst, 2 Stocks Down 19% to 51% to Buy Right Now, Join Nearly 1 Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Used Car Market: Who Are the Biggest Winners and Losers as Prices Drop? Apple's shares briefly touched a record $182.88 per. "Apple beats but comes up light on iPhone sales and services. For a brief example, let's compareCostco WholesaleandKroger. On the first trading day of 2022, Apple marked a new milestone: it became the first U.S. company to reach a market value of $3 trillion. The Motley Fool recommends Adobe Inc. and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. During his time as an advisor, Csiszar managed over $100 million in client assets while providing individualized investment plans for hundreds of clients. I cover wealth management, money and markets. Apple has 745 million paid subscriptions across its services. The stock briefly hit $3 trillion inmarket value recently,which is more than 10% of the U.S. economy. Apple's CEO Tim Cook is estimated to have a net worth of $1 billion. A trillion is . Sequestration is a term adopted by Congress to describe a fiscal policy process that automatically reduces spending increases across most departments. The average share price of AAPL during the week 45-2022 = $141.97. So, for example, if a company has issued one million shares of stock and its share price is $50, the company has a market capitalization of $50 million. Mark Kolakowski has been a business consultant, freelance writer, and business school lecturer, after a career at Merrill Lynch. Yes, it is a popular company. A full article of apple company owner and co-founder net worth $2.7 trillion valuation 2022 the steve & Laurene Powell jobs. The iPhone makers stock is up almost 55% so far in 2020, and shares have rallied more than 106% since the market hit a low point amid the coronavirus recession on March 23 (compared to the benchmark S&P 500s gain of 51% over that period). Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. He earns approximately $15 million per year in salary and bonuses.. These impressive results are just a piece of the puzzle in terms of evaluating Apples worth, however. On Thursday, Apple became the first publicly traded American company to be worth more than $1 trillion when its shares climbed 3 percent to end the day at $207.39. Working with a fiduciary financial advisor is a good way to delineate your investment objectives, risk tolerance and personal financial situation to determine if investing in stocks is a good match for you. The price of GOOG, Alphabet's Class C shares, is near its 52-week low of $87.01 as of Nov. 2, giving Google's parent company a market capitalization of $1.126 trillion as of the same date. With Apple on Monday hitting capitalization of $3 trillion, an 11 percent stake in Apple would now be worth about $330 billion. Trillionaire Definition: How Much Money Is That and Who Will Be First? Apple had a stunning start to 2022 when it briefly became the first company to touch a $3 trillion (2.6 trillion) market value on Monday before closing the day just short of the mark. Not So Fast, Analysts Say (Forbes), Apple, Microsoft, Amazon, Google And Facebook Make Up A Record Chunk Of The S&P 500. In China, the world's largest smartphone market, Apple continued to lead for the second straight month, beating rivals such as Vivo and Xiaomi, recent data from CounterPoint Research showed. Apple's consistent earnings growth justifies that higher premium. Reported by Bloomberg, Apple's share price rose about 5% last week, which has gotten the company extremely close to the record market value of $2 trillion and also thrust its CEO Tim Cook into the billionaire world. Released on Oct. 27, Apple's fourth-quarter 2022 earnings surpassed analysts' expectations. Acquiring a gross value of $1 trillion in recent times is the biggest ever achievement of the company. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Apple's services reached a record $68 billion in revenue during fiscal 2021. The net worth of APPLE for the Week 45-2022 was $2.329 Trillion. "Costs of Major U.S. Wars," Pages 4 and 5. Alphabet joins the ranks of tech giants Apple ( AAPL) and Microsoft ( MSFT ), which are the only other. As of Nov. 3, Apples P/E ratio is 22.80. After earning a B.A. Forbes. The market has a history of placing a high value on consistent growth. . Please try again later. But with a stock price that has appreciated significantly over the year, it can no longer be considered cheap. However, analysts still rate the stock a buy or strong buy, and momentum may keep pushing this stock higher. The current price of the firm is $142.16. Apple briefly hit a $3 trillion market cap on Jan. 3 making it the first public . Its net worth as of 2020 was an impressive $65 billion. On July 31, 2020, after reporting strong third-quarter earnings, Apple surpassed Saudi state oil giant Aramco to become the worlds most valuable publicly traded company. It makes a wide variety of communications devices, personal computers and other technological gadgets. Jan 3 (Reuters) - Apple Inc (AAPL.O) on Monday became the first company to hit a $3 trillion stock market value, before ending the day a hair below that milestone, as investors bet the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality. Apple's stellar returns over the last few years are mostly due to an expansion in the price-to-earnings ratio. Apple is the largest holding, comprising 6.7% of the VOO portfolio as of December 2020. Apple's net worth is $24.50 trillion ($2.45 trillion) in 2022: Apple becomes the first company to hit the $3 trillion mark. Interactive chart of historical net worth (market cap) for Apple (AAPL) over the last 10 years. Apple shared the $2 trillion market value club with Microsoft Corp (MSFT.O), which is now worth about $2.5 trillion. The iphone maker broke the barrier when its share price hit $182.86 briefly. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Invest better with The Motley Fool. The standard for what makes Americans wealthy has never been clearly defined, though you could usually qualify by being a millionaire. This makes Apple the world's most valuable company by market cap according to our data. The Motley Fool owns and recommends Apple, Costco Wholesale, and Netflix. The market capitalization, commonly called market cap, is the total market value of a publicly traded company's outstanding shares and is commonly used to measure how much a company is worth. While the value of the company will remain the same, there will now be more shares available trading at lower prices. Shares of Apple (AAPL) were up about 1% in premarket . Your financial situation plays a large part in determining whether or not you should invest in stocks at all let alone invest in a specific stock like Apple. It overtook Saudi Aramco as of Friday to become the world's biggest . Along the way, Csiszar earned both Certified Financial Planner and Registered Investment Adviser designations, in addition to being licensed as a life agent, while working for both a major Wall Street wirehouse and for his own investment advisory firm. Walled Lake Planning & Wealth Management LLC's holdings in Apple were worth $6,293,000 as of its most recent filing with the SEC. Tim Cook was named CEO in August 2011. However, Apple's value pales in comparison to the nation's total federal debt of $26.945 trillion.. Apple worth vs Bill Gates net worth: 7 times bigger: Apple worth vs Trump net worth: 112 times bigger: Apple worth vs Wells Fargo worth: Twice as big: . These offers do not represent all available deposit, investment, loan or credit products. Apple is an American multinational technology company that has a net worth of $1 trillion, as of 2020. Here's how Apple's performance compares to top software provider Adobe, which sells at a much higher P/E than Apple. What does $1 trillion really mean? Microsoft and Apple shared the $2 trillion market value club but Microsoft is still at $2.5 trillion and Apple has crossed the $3 trillion mark. The stock currently trades for a P/E of 49 and 8.6 times trailing-12-month revenue. Apple net income for the quarter ending September 30, 2022 was $20.721B, a 0.83% increase year-over-year. It would be $3 trillion. Released on Oct. 27, Apples fourth-quarter 2022 earnings surpassed analysts expectations. Our Standards: The Thomson Reuters Trust Principles. It should be noted that Apple's valuation of $1.04 trillion, which is far ahead of Facebook's market cap at 513.29 billion or Netflix's $149.30 . Here are some of the earnings highlights from Apples fourth quarter of 2022: The top 10 shareholders of Apple stock are all asset managers or mutual fund companies. Every year when Apple drops a new version of the iPhone, Shaq spent over $750,000 and buys over 50 new iPhones to distribute among the public. The consensus rating from 32 of 38 analysts covering Apple stock is buy or strong buy, with the rest rating Apple a hold. The composite price target is $179.92, according to Yahoo Finance. Area served: The United States of America and World. 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Magazines, novels, and television movies have all recounted the rise, fall, and resurgence of the corporation. 2 August 2018. The Motley Fool has a disclosure policy. That helped Apple reduce its reliance on the iPhone to about 52% of total revenue in fiscal 2021 from over 60% in 2018, pleasing investors worried the company relied too much on its top-selling product. Sign up for our daily newsletter for the latest financial news and trending topics. On Aug. 2, 2018, Apple (AAPL) made history by becoming the world's first publicly traded company to achieve a market capitalization of $1 trillion. Shares have fallen 26% since then, dragging the market cap down to $2.22 trillion as of Nov. 3. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. The company became the first ever tech company to cross a net worth of $1 trillion. *Average returns of all recommendations since inception. Price as of December 9, 2022, 4:00 p.m. Heres Why That Wont Happen Anytime Soon In The U.S. Minneapolis Officer Who Kneeled On George Floyds Back Sentenced To 3.5 Years In Prison, Juul To Pay $1.2 Billion To Settle Youth-Vaping Lawsuits, Manatee Cousins, Coral And Abalone Among 10% Of Marine Life At Risk Of Extinction, World Cup Shocker: Croatia Knocks Out Favorite Brazil Even As Neymar Ties Pels Goal Record, Americans Have Lost $6.8 Trillion This Year As Stocks Crashed, Housing Market Collapsed And Savings Dwindled, Uber Reportedly Sues New York City Taxi Commission To Block Fare Increase, Netflix Comeback? Every day, get fresh ideas on how to save and make money and achieve your financial goals. The company's current value of Free Cash Flow is estimated at 60.43 Billion. Senators Elizabeth Warren and Tina Smith are demanding an accounting from the Federal Reserve and other U.S. financial regulators of banks' cryptocurrency activity and ties to the industry following the implosion of crypto exchange FTX. Of these, 216, or 97.3%, generate less than $2.08 trillion in annual GDP.. Google is currently worth around $852 billion and . Shares saw record highs that year and in each of the two years since. U.S. federal government debt as of Sept. 30, 2020. Budget Deficit: Causes, Effects, and Prevention Strategies, Apple becomes first U.S. company to reach a $2 trillion market cap, Monthly Budget Review: Summary for Fiscal Year 2020. Still, the tech titan has delivered very consistent EPS growth. "It just shows you how far Apple has come, and how dominant it is seen as in the majority of investors' eyes.". Its market cap crossed $1.9 trillion yesterday, closed just below that level and as of this writing is around $1.88 trillion. Apple Inc. Net Worth: $907 Billion The first Apple computers were released in 1976, and the users were unsure about this new product. The stock briefly hit $3 trillion in market value recently, which is more than 10% of. 13 The Bottom Line Apple continues to break records. Its stock price retreated back below $2 trillion shortly after topping the number. Among its many accomplishments the iPhone, the iPad, iTunes, the App store Apple can now boast of one more: It was briefly worth more than $2 trillion, making it the first company in the. Based on data from that report, Apples market cap exceeds the inflation-adjusted costs to the U.S. ofWorld War I, theVietnam War, and the Iraq War, among others. ", Yahoo Finance. Apple hit a new milestone on Wednesday, becoming the first publicly traded U.S. company to reach a market capitalization of over $2 trillion and doubling in valuation over the last two years. Shares Surge Again To Make Streamer Best Performing Stock On S&P 500 Following Rout, Taylor Swift Is Making Her Feature Film Directorial Debut With Searchlight, Arizona Sen. Sinema Leaving Democratic Party, Becoming An Independent, Sam Bankman-Fried Says Hell Testify Before Congress Next Week, Could Competition From Apple Derail Peloton? You may opt-out by. The EU Will Allow 5G UseIncluding PhonesOn Flights In 2023. Apple is an American multinational technology company that has a net worth of $1 trillion, as of 2020. Is Apple a successful company? Apple's market cap now eclipses that of other U.S. tech giants, including Microsoft ($1.7 trillion), Amazon ($1.6 trillion), Google parent Alphabet ($1.1 trillion) and Facebook ($761. Video, 00:01:30 Why Apple is worth $1 trillion. 2. BlackRock Inc. To earn this much profit, Apple probably has to sell 70 million to 90 million more . A tariff war is an economic battle between countries where they levy additional taxes on each other's exports. In 2020, it surpassed another milestone, becoming the first company to record a market value of $2 trillion. That is three times higher than six years ago. When the company was founded in 1938, forty employees worked for the company. The firm has a market capitalization of $2.26 trillion, a . Once you have the envelope in your hand, you can hardly contain yourself as you open it. If you work full-time hours, $50 per hour is the equivalent of a bit more than $100,000 per year ($104,000, to be exact). 2022 GOBankingRates. That's five times the level of subscriptions it had five years ago. Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. Apple Net Worth in 2022 Apple Net Worth As of 2022, the net worth of Apple is $2 trillion. The Congressional Budget Office (CBO) reports that the federal budget deficit for the fiscal year 2020, which ended on Sept. 30, was $3.1 trillion, more than three times the deficit recorded for 2019., As massive as the federal deficit appears, it is only slightly larger than Apple's market cap. Now trading at nearly $470 per share, Apples stock is at an all-time high, and Wall Street analysts are still quite bullish that it can continue to rally: 61% give it a buy rating and 27% a hold rating, according to Bloomberg data. This is approximately 13 times greater than Apple's market cap. Congressional Research Service. Specifically, investors should pay attention to the explosion in subscriptions across Apple Music, Fitness+, and Apple TV+, which should justify a higher valuation for the stock. It became the first publicly traded company to ever reach the figure on Monday, when its. Data is accurate as of Nov. 3, 2022, and is subject to change. Not So Fast, Analysts Say, Apple, Microsoft, Amazon, Google And Facebook Make Up A Record Chunk Of The S&P 500. that eventually led to the astounding market value of $1 Trillion in 2018 (and Apple has never looked back since!). The iPhone maker is close to topping a market value of more than $3 trillion the first publicly traded company ever to be worth that much. The companys market capitalization was $2.93 trillion on that day. Share price is just one of the variables you should consider when investing in a specific stock. To get to $1 trillion, Apple needs to earn $55 billion to $66 billion in net income, which would shatter records. Apple is now worth $2 trillion. Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today. Year: Revenue: 2006: $19.3 billion: 2007: $24.45billion: 2008: $37.62 billion: 2009 . . It also exceeds the total value of stocks on most exchanges worldwide. Traductions en contexte de "nearly a trillion" en anglais-franais avec Reverso Context : In total, the organisations represent businesses with nearly a trillion dollars in annual revenue and over four million employees worldwide. Daria Uhlig, Cynthia Bowman and Sean Dennison contributed to the reporting for this article. Apple broke two records by becoming the first company to record both a $1 trillion and $2 trillion market cap. Over $29 billion was returned to shareholders during the quarter. Reporting by Nivedita Balu in Bengaluru, Additional reporting by Eva Mathews and Chavi Mehta in Bengaluru, Noel Randewich in Oakland, Calif., and David Randall in New York CFO Luca Maestri pointed to the growing installed base of devices and the double-digit growth in customers paying on the platform as indicators of the sustainability of services revenue. The case can be made that Apple is fairly valued at $3 trillion. According to Forbes, Jobs net worth at the time of his death in 2011 was $7 billion. If this business already makes up half of Apple's value when services accounts for just 19% of total revenue,it's clear that services will gradually become the primary value creator for the iPhone maker, which supports the case for buying Apple stock at these highs. Analysts were looking for $2.07. Apple is a consumer products juggernaut. For starters, market cap changes frequently, and its closely tied to the companys current share price. In the shorter term, Apple Chief Financial Officer Luca Maestri said during an earnings call that the company expects revenue Mac revenue in particular to slow in the December quarter compared to the September quarter. Debt Ceiling Defined: What Is the U.S. National Debt Ceiling? U.S. Quarterly earnings per share were a record $1.29, up 4% year over year. The company will finalize its four-for-one stock split at the end of August, which means a single share will be worth around $117. The nations with GDP figures immediately below $2.08 trillion are Italy, Brazil, and Canada., Moreover, the World Bank compiles GDP data for 263 countries, regions, or collections of countries with similar characteristics. Apple is worth $2.08 trillion as of the latest report. The Apple 52-week low stock price is 129.04, which is 9.7% below the current share price. Market cap does have its drawbacks as an evaluation method, however. Apple becomes most valuable American company EVER and worth more than $2 trillion after 60% rise in share price Apple's share price hit $468.35 on Wednesday for a market cap of $2. Heres Why That Might Be Dangerous (Forbes), This is a BETA experience. "It's a fantastic accomplishment and certainly worthy to be celebrated," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. Apple has soundly beaten the market averages, with the shares rising 360% over the last three years. The industry leader for online information for tax, accounting and finance professionals. Our in-house research team and on-site financial experts work together to create content thats accurate, impartial, and up to date. With Apple's valuation touching the $1-trillion mark, the company's value is now worth two times the value of Facebook, seven times of Netflix and 42 times more than the value of Twitter. Number of outstanding shares of APPLE = 16403316000.00. ET, 1 Green Flag for Apple Stock in 2022, and 1 Red Flag, Why Apple Stock Eked Out a Market Beat Today, 3 No-Brainer Stocks to Buy Amid the Tech Sell-Off, Why Investors Should Love Apple's Dividend, Why Apple, Salesforce, and Qualcomm Stocks Are Volatile Today. As of December 2022 Apple has a market cap of $2.269 Trillion . ", "Apple (AAPL) Q4 2022 Earnings Call Transcript.". Apple has today become a giant tech company functioning worldwide. With global assets worth $6.2 trillion, Vanguard is primarily a mutual fund and an ETF management company. You can learn more about GOBankingRates processes and standards in our editorial policy. Of the top 72 exchanges in the world, only 11 have market caps greater than Apple. Apple became the world's first trillion-dollar public company on Thursday, as a rise in its share price pushed it past the landmark valuation. The Apple 52-week high stock price is 182.94, which is 28% above the current share price. "The World's Real-Time Billionaires List. The growth of services, which carries less business risk than sales of hardware, explains why investors are paying a higher P/E for Apple. People liked them, and now they make other things too, like phones and watches. Still, some investors worry Apple is hitting the limits of how much it can expand its user base and how much cash it can squeeze from each user, with no guarantees that future product categories will prove as lucrative as the iPhone. ", Congressional Budget Office. But it's not just the growth of high-margin services that deserves attention. Apple briefly hit a $3 trillion market cap on Jan. 3 making it the first public company ever to do so. The company posted revenue of $90.15 billion, which was an 8.1% increase compared to the same quarter last year. In March 2020, the American economy went into full shutdown mode in response to the coronavirus pandemic. It's easy to see why. The stock ended the session up 2.5% at $182.01, with Apple's market capitalization at $2.99 trillion. Some of its most well-known products are household names, including the following: The company also offers services ranging from iCloud to Apple Pay, among others. "The market is rewarding companies that have strong fundamentals and balance sheets, and the companies that are hitting these sort of huge market caps have proven they are strong businesses and not speculation, said Scott Wren, senior global market strategist at Wells Fargo Investment Institute. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. AAPL's net worth for the quarter Q2-2022 was $2.747 Trillion. The company has benefited from work-from-home trends and strong online sales; It posted record third-quarter earnings in late July, with nearly $60 billion in revenue, not to mention double-digit growth in its products and services segments. "The Real Time Billionaires List. While wars cause the destruction of life that cannot be measured, a 2010 Congressional Research Service reportestimated the economic cost of each U.S. war between 1775 and 2010, adjusting the figures to reflect constant dollar prices as of the fiscal year 2011. International COVID-19 Stimulus and Relief, National Debt: Definition, Impact, Key Drivers, Current U.S. Debt. New Delhi: Apple became the first company to scale a market cap of $3 trillion on Monday. Its market capitalization, or market value, is calculated as the total number of outstanding shares of stock multiplied by its market price. After PetroChina and Apple, four other companies have surpassed the $1 trillion mark. Apple's net worth at the end of the fiscal year 2020 was $65.34 billion. Its market capitalization, however, is $2.08 trillion as of March 15, 2021. Early A good manager often needs to encompass a breathless and seemingly endless list of characteristics. Management made the case for this scenario on the last earnings call. How Much Is Google Worth Now? Today the company logo that is recognized by many people as Apple became truly the most successful brand of our generation. While Saudi Aramco surpassed a $2 trillion valuation in December 2019, plunging oil prices amid the coronavirus pandemic have since hurt its stock. But a closer look at the business shows a massive subscription platform on the rise. In 2022, Apple is worth two and a half trillion dollars. The offers that appear in this table are from partnerships from which Investopedia receives compensation. The market has been upbeat about demand for Apple 's ( AAPL 1.05%) iPhone 13 and growing services business. 6 Lesser-Known Side Hustles To Earn Some Extra Cash. Apple currently has about 15.91 billion shares outstanding, so 15.91 billion times the stock price of $139.91 as of Nov. 3 equals about $2.22 trillion. All Right Reserved. Apple plans to make new contributions of more than $430 billion in the US and add 20,000 jobs across the country over the next five years. Steve Jobs and Steve Wozniak met through a mutual friend and bonded over their love of technology. Follow this author to stay notified about their latest stories. However, it has yet to reach Apple's $2 trillion market cap milestone. Apple's total shareholders' equity at the end of its fiscal year . Although Amazon posts great marks, it is not bigger than Apple. Below is a breakdown of the former calculation. Apple net worth: Apple is an American multinational technology company that has a net worth of $2 trillion, as of August 2020. The federal budget is an itemized plan for the annual public expenditures of the United States. 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