Saturday, September 27, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home News World News

Apple breaks the record as the first company in the world to have a market valuation of $3 trillion

Tech Gist Africa by Tech Gist Africa
07/04/2023
in World News
0 0
0
Tim Cook Apple

Tim Cook Apple

0
SHARES
Share on FacebookShare on Twitter

Apple’s recent market valuation of $3 trillion made it the first publicly traded corporation in history to do so. 

This is largely a significant achievement, but it does suggest that investors are still confident in Apple’s future prospects.

Apple’s market worth tripled in less than four years to reach $3 trillion.

In a month defined by investor enthusiasm for the promise of artificial intelligence, Apple’s rise stood out as one of the most notable.

Investors also favored companies with excellent financial statements and revenue. 

The most recent quarterly report from Apple, released in May, revealed that its revenue and profitability above analysts’ estimates, as well as its history of stock buybacks, strengthened its reputation as a secure investment in times of economic turmoil worldwide.

In its fourth-quarter earnings, Apple exhibited an annual increase across all of its product categories, with revenue climbing 29% year over year.

Apple’s services division expanded 25.6% year over year and generated more than $18 billion in revenue during the quarter, even though the iPhone is still the company’s main source of revenue.

On August 2, 2018, during intraday trading, Apple became the first publicly traded U.S. business to reach a $1 trillion market cap.

On August 19, 2020, just over two years later, it reached a $2 trillion valuation.

The company’s solid financials and massive cash flow have made it a sanctuary for investors amid the recent market volatility; Apple has been using these resources to fund the development of new products, the repurchase of its own shares, and the distribution of dividends to its stockholders.

 

 

Read more on Tech Gist Africa:

Apple Breaks Stock Market Valuation, Hits $1 Trillion

Apple made a lot of money in the first quarter of 2022, even though there were challenges with the supply chain

Microsoft has joined Apple in the $2 Trillion market cap for the first time thanks to its booming cloud computing unit

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Apple iPhone 17
Gadgets

Apple’s “Awe-Dropping” Event: iPhone 17 Lineup, Ultra-Slim Air, New Watches + More Unveiled

by Tech Gist Africa
09/25/2025
0

At its latest hardware event on September 9, 2025, Apple pulled back the curtain on a suite of new devices...

Read more
Larry Ellison

Oracle’s Larry Ellison Overtakes Elon Musk After $101B One-Day Surge to Become World’s Richest

09/11/2025
Alibaba China

Alibaba Group Holding announced plans to raise about US$3.2 billion

09/11/2025
Regulatory Tech Africa

EU Court Tells Regulators: Rethink How You Charge Big Tech, Meta & TikTok Win Key Ruling

09/11/2025
Oracle

OpenAI and Oracle Forge $300 Billion Cloud Computing Alliance to Propel AI Innovation

09/11/2025
Next Post
Glitzi Mexico

Mexican Startup Glitzi secures $2.8M

Shinkansen Chile

Chilean Fintech Shinkansen closes  $3M

RoboK UK

UK-based RoboK raises $2.1M

No Result
View All Result

The Big 5

Food Security

How Technology is Advancing Global Food Security and Reducing Hunger

by Tech Gist Africa
09/26/2025
0

...

Nvidia Abu Dhabi Robotics Lab

Nvidia and Abu Dhabi Institute Launch Middle East’s First AI & Robotics Lab

by Tech Gist Africa
09/26/2025
0

...

MultiChoice

Canal+ has officially completed its $3.17 billion acquisition of South Africa’s MultiChoice Group

by Tech Gist Africa
09/26/2025
0

...

216 Capital & Plug and Play Accelerator

216 Capital & Plug and Play Launch Tunisian Accelerator to Bridge Local Startups to Global Stage

by Tech Gist Africa
09/26/2025
0

...

Funding

Groundbreaking UK Tender Aims to Map East Africa’s Start-Up Financing Landscape

by Tech Gist Africa
09/26/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.