This figure exceeds the GDP of most countries. © 2021 TheStreet, Inc. All rights reserved. However, the total federal debt of $22.72 trillion is orders of magnitude greater.. You can learn more about the standards we follow in producing accurate, unbiased content in our. Devaluation is the deliberate downward adjustment to the value of a country's currency relative to another currency, group of currencies, or standard. The company's Macintosh made a splash in the mid-1980s, driven by its Super Bowl commercial in 1984. As the company grew, Jobs was forced from the company. So you may have already heard that Appleâs valuation crossed one trillion dollars on Thursday August 2nd, but you may not know exactly what that means. Shop now Learn more about Apple Trade In Explore financing options The total market capitalization of all shares traded on the top 72 stock exchanges around the world was $84.9 trillion as of July 2019, per data compiled by the World Federation of Exchanges. Apple represents 1.5% of that total. Apple Computer, Inc. designs, manufactures, and markets personal computers, software, networking solutions, and peripherals, including a line of portable digital music players. Apple Inc. (AAPL) became the world's first company to record a market capitalization of $1 trillion, and subsequently passed the $1.3 trillion threshold in Dec. 2019. To put that staggering $1.3 trillion figure in context, we present five other huge things that the giant technology company is bigger than in terms of dollar value. Now, see where he invests his money and why Apple is a core holding of his multi-million dollar portfolio. Apple annual revenue for 2020 was $274.515B , a 5.51% increase from 2019. Here's an infographic showing the size and scale of some of Apple's various financial metrics, highlighting just how big it really is: Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Moreover, among those 72 exchanges, only 14 have market caps greater than Apple. MacroTrends. The nations with GDP figures immediately below $1.3 trillion are Mexico, Indonesia, The Netherlands, Saudi Arabia, Turkey, and Switzerland., Moreover, the World Bank compiles GDP data for 263 countries, regions, or collections of countries with similar characteristics. Cost of WWI, the Vietnam War, and the Iraq War, 5. iphone, ipad share the same components the company can buy parts such as processing chips and display screens at lower prices due to buying in bulk benefiting from Marketing Economies of scale. From mind-boggling iPhone sales to an iPad division that sold more than 54 million units in Apple's fiscal 2015 (which ended Sept. 26), despite some claims the tablet is a no-growth area, Apple's size and scale are truly impressive. This is 17.5 times Apple's market cap. Apple never matched the IBM PC in total sales, but it had a cultural cachet and ease-of-use that led to its foothold in education, publishing, and other creative industries. A value-added tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. Those exchanges immediately behind Apple are the Taiwan Stock Exchange, Brasil Bolsa Balcao, Johannesburg Stock Exchange, BME Spanish Exchanges, Moscow Exchange, and Singapore Exchange., The U.S. government’s expenses far exceed its revenue generation, leading to a burgeoning budget deficit which has been a subject of hot political debates. "The Real-Time Billionaires List." Understanding Devaluation, the Causes, and the Downsides. Based on: 10-K (filing date: 2020-10-30), 10-K (filing date: 2019-10-31), 10-K (filing date: 2018-11-05), 10-K (filing date: 2017-11-03), 10-K (filing date: 2016-10-26), 10-K (filing date: 2015-10-28). "Apple Market Cap 2006–2019 | AAPL." (Indeed, by the end of 1980, Appleâs valuation of nearly $2 billion was greater than Fordâs.) If you don't own it yet, wait until the quarter," said TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio. This graph shows the total number of Apple employees as of the end of each financial year for the company from 2005 through to 2020. The only exception is World War II, with an estimated cost of $4.1 trillion in 2011 dollars., Jeff Bezos is the world’s richest man according to Forbes magazine, which estimated his net worth to be $118 billion as of Jan. 2, 2020. The combined wealth of the top 11 on the Forbes list, including other well-known names such as Bill Gates and Warren Buffett, is estimated at $897 billion, which is below Apple's market value. Apple Inc.'s target market is customers with unique needs when it comes to the purchase of electronic gadgets. One-third of Appleâs retail sales went to a household that earned at least $100,000 in the previous year. Apple is a company that designs, manufactures, and markets mobile communication and media devices. Federal Reserve Bank of St. Louis. "Top 72 Exchanges by Market Capitalization." Accessed Jan. 3, 2020. Over a period of five quarters the company sold 6.1 million first generation iPhones.