{"id":4659,"date":"2023-07-01T02:12:44","date_gmt":"2023-07-01T02:12:44","guid":{"rendered":"https:\/\/latestnews.top\/2023\/07\/01\/apple-is-almost-worth-the-same-as-britains-gdp-at-3040000000000\/"},"modified":"2023-07-01T02:12:44","modified_gmt":"2023-07-01T02:12:44","slug":"apple-is-almost-worth-the-same-as-britains-gdp-at-3040000000000","status":"publish","type":"post","link":"https:\/\/latestnews.top\/apple-is-almost-worth-the-same-as-britains-gdp-at-3040000000000\/","title":{"rendered":"Apple is almost worth the same as Britain&#8217;s GDP at $3,040,000,000,000"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"js-article-text\" wp_automatic_readability=\"87.55147601476\">\n<h2>Apple is almost worth the same as Britain&#8217;s GDP at $3,040,000,000,000, (that&#8217;s more than three trillion dollars)<\/h2>\n<ul class=\"mol-bullets-with-font\">\n<li class=\"class\"><strong>Tech giant&#8217;s stock hit a record high of $193 in trading on Wall Street yesterday<\/strong><\/li>\n<\/ul>\n<p class=\"author-section byline-plain\">By <a target=\"_blank\" href=\"https:\/\/www.dailymail.co.uk\/home\/search.html?s=&#038;authornamef=Calum+Muirhead+Senior+City+Reporter\" class=\"author\" rel=\"noopener\">Calum Muirhead Senior City Reporter<\/a> <\/p>\n<p class=\"byline-section\"><span class=\"article-timestamp article-timestamp-updated\"> <span class=\"article-timestamp-label\">Updated:<\/span> <time datetime=\"2023-07-01T02:50:36+0100\"> 21:50 EDT, 30 June 2023 <\/time> <\/span> <\/p>\n<p> <!-- ad: https:\/\/mads.dailymail.co.uk\/v8\/us\/sciencetech\/none\/article\/other\/para_top.html --> <!-- CWV --><!--[if !IE]><!--> <link href=\"https:\/\/www.dailymail.co.uk\/static\/mol-fe\/static\/mol-fe-async-bundle\/7.1.2\/articleDefer.css\" media=\"all\" rel=\"stylesheet\" type=\"text\/css\" \/> <!--<![endif]--> <!--[if IE]>\n<link href=\"https:\/\/www.dailymail.co.uk\/static\/gunther\/1.17.0\/registration--.css\" media=\"screen\" rel=\"stylesheet\" type=\"text\/css\" \/>\n<![endif]--> <!--[if !IE]><!--> <link href=\"https:\/\/www.dailymail.co.uk\/static\/gunther\/17.17.0\/registration--.css\" media=\"all\" rel=\"stylesheet\" type=\"text\/css\" \/> <!--<![endif]--><!--[if IE]>\n<link href=\"https:\/\/www.dailymail.co.uk\/static\/gunther\/1.17.0\/all-ie8-9--.css\" media=\"all\" rel=\"stylesheet\" type=\"text\/css\" \/>\n<link href=\"https:\/\/www.dailymail.co.uk\/static\/gunther\/1.17.0\/all1-ie8-9--.css\" media=\"all\" rel=\"stylesheet\" type=\"text\/css\" \/>\n<![endif]--> <!--[if !IE]><!--> <link href=\"https:\/\/www.dailymail.co.uk\/static\/mol-fe\/static\/mol-fe-sync-bundle\/9.2.0\/desktop.css\" media=\"all\" rel=\"stylesheet\" type=\"text\/css\" \/> <link href=\"https:\/\/www.dailymail.co.uk\/static\/gunther\/17.17.0\/all--.css\" media=\"all\" rel=\"stylesheet\" type=\"text\/css\" \/><link href=\"https:\/\/www.dailymail.co.uk\/static\/gunther\/17.17.0\/all1--.css\" media=\"all\" rel=\"stylesheet\" type=\"text\/css\" \/> <!--<![endif]--><!--[if gte IE 8]><!--> <link rel=\"stylesheet\" type=\"text\/css\" media=\"screen\" href=\"https:\/\/www.dailymail.co.uk\/static\/mol-fe\/static\/mol-fe-fff\/2.4.1\/styles\/fff.css\" \/> <!--<![endif]-->  <!--[if IE 8]>\n\n<![endif]--> <!--[if IE 9]>\n\n<![endif]--> <!--[if IE]>\n\n<![endif]--> <!--[if !IE]> -->  <!--<![endif]--><\/p>\n<p>   <!-- SiteCatalyst code version: H.20.3.\n    Copyright 1997-2009 Omniture, Inc. More info available at\n    http:\/\/www.omniture.com -->  <\/p>\n<p>         <!-- End SiteCatalyst code version: H.20.3. -->  <!--[if IE]>\n\n<![endif]--> <!--[if !IE]> -->   <!--<![endif]--><!--[if IE]>\n  \n  <noscript><link rel=\"stylesheet\" href=\"https:\/\/www.dailymail.co.uk\/static\/gunther\/gunther-2159\/video_bundle--.css\"><\/noscript>\n  \n<![endif]--> <!--[if !IE]> --> <link rel=\"preload\" href=\"https:\/\/www.dailymail.co.uk\/static\/videoplayer\/7.1.1\/styles\/mol-fe-videoplayer.min.css\" as=\"style\" onload=\"this.rel=\" stylesheet=\"\" \/> <noscript><link rel=\"stylesheet\" href=\"https:\/\/www.dailymail.co.uk\/static\/videoplayer\/7.1.1\/styles\/mol-fe-videoplayer.min.css\" \/><\/noscript>  <!-- <![endif]-->   <!-- CWV --><\/p>\n<div itemprop=\"articleBody\" wp_automatic_readability=\"65.162371134021\">\n<p class=\"mol-para-with-font\">Apple&#8217;s value has once again topped $3trillion (\u00a32.3trillion) cementing its position as the world&#8217;s richest company.<\/p>\n<p class=\"mol-para-with-font\">The tech giant&#8217;s stock hit a record high of $193 in trading on Wall Street yesterday as it continued an upward march that has seen the share price rise 54 per cent so far this year.\u00a0<\/p>\n<p class=\"mol-para-with-font\">It means it is now worth $3.04trillion, more than the combined value of <a target=\"_blank\" style=\"font-weight: bold;\" href=\"https:\/\/www.dailymail.co.uk\/sciencetech\/google\/index.html\" id=\"mol-68e632e0-17aa-11ee-b7a8-2dbf495e2724\" rel=\"noopener\">Google<\/a> parent company Alphabet and Amazon, which are valued at $1.5trillion and $1.3trillion respectively.<\/p>\n<p class=\"mol-para-with-font\">The <a target=\"_blank\" style=\"font-weight: bold;\" href=\"https:\/\/www.dailymail.co.uk\/sciencetech\/iphone\/index.html\" id=\"mol-68e6a810-17aa-11ee-b7a8-2dbf495e2724\" rel=\"noopener\">iPhone<\/a> maker was the first company in the world to achieve a value of $1trillion back in 2018, then two years later became the first to be worth $2trillion.\u00a0<\/p>\n<p class=\"mol-para-with-font\">In fact, the landmark figure puts Apple&#8217;s valuation as just short of the UK&#8217;s GDP ($3.07million).<\/p>\n<div class=\"artSplitter mol-img-group\" style=\"style\" wp_automatic_readability=\"8\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\"> <img fetchpriority=\"high\" decoding=\"async\" id=\"i-c855744255f6b13e\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/07\/01\/01\/72734933-12253135-image-a-51_1688170121176.jpg\" height=\"423\" width=\"634\" alt=\"The tech giant's stock hit a record high of $193 in trading on Wall Street yesterday as it continued an upward march that has seen the share price rise 54 per cent so far this year\" class=\"blkBorder img-share\" style=\"max-width:100%\" \/> <\/div>\n<p> <noscript> <img decoding=\"async\" id=\"i-c855744255f6b13e\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/07\/01\/01\/72734933-12253135-image-a-51_1688170121176.jpg\" height=\"423\" width=\"634\" alt=\"The tech giant's stock hit a record high of $193 in trading on Wall Street yesterday as it continued an upward march that has seen the share price rise 54 per cent so far this year\" class=\"blkBorder img-share\" \/> <\/noscript> <\/div>\n<p class=\"imageCaption\">The tech giant&#8217;s stock hit a record high of $193 in trading on Wall Street yesterday as it continued an upward march that has seen the share price rise 54 per cent so far this year<\/p>\n<\/div>\n<p class=\"mol-para-with-font\">But Apple is far from the most valuable company in history, with the record currently held by the Dutch East India Company, which hit a valuation of roughly $9trillion at today&#8217;s prices in the 1630s.<\/p>\n<p class=\"mol-para-with-font\">It was founded as a private merchant company with a 20-year monopoly on spice trading around modern-day Indonesia, employing around 70,000 people worldwide.\u00a0<\/p>\n<p class=\"mol-para-with-font\">The trading company, widely considered to be the world&#8217;s first multinational corporation, was also the first business to offer shares to the public.<\/p>\n<p class=\"mol-para-with-font\">But this did not come without a cost: the Dutch East India Company transported around 50,000 slaves to colonies to prop up its mammoth operation.<\/p>\n<p class=\"mol-para-with-font\">Apple hit the $3trillion mark briefly last year until Russia&#8217;s invasion of Ukraine sent global stock markets tumbling and the firm struggled with lower sales after an outbreak of Covid-19 shut down one of its key factories in China.\u00a0<\/p>\n<p class=\"mol-para-with-font\">But it rebounded strongly this year, helped by large buybacks, a process by which a firm purchases its own shares to reduce the total, boosting the price of the remaining stock.<\/p>\n<p class=\"mol-para-with-font\">The company hit the headlines last month when it unveiled its virtual reality headset, known as the Vision Pro, which carries a price tag of $3,499 (\u00a32,850).<\/p>\n<p class=\"mol-para-with-font\">&#8216;We believe Apple&#8217;s fair valuation could be in the $3.5trillion range with a case for a $4trillion valuation by 2025,&#8217; said Dan Ives, managing director of US research firm Wedbush Securities.<\/p>\n<\/div>\n<p>            <!-- ad: https:\/\/mads.dailymail.co.uk\/v8\/us\/sciencetech\/none\/article\/other\/inread_player.html --><\/p>\n<div class=\"column-content cleared\">\n<div class=\"shareArticles\">\n<h3 class=\"social-links-title\">Share or comment on this article: <\/h3>\n<\/p><\/div><\/div>\n<p>            <ad-slot position=\"smart_feed\"><\/ad-slot><\/p>\n<p>            <ad-slot position=\"after_article\"><\/ad-slot><\/p>\n<p>            <!-- ad: https:\/\/mads.dailymail.co.uk\/v8\/us\/sciencetech\/none\/article\/other\/mpu_comment_desktop_1.html?id=mpu_comment_desktop_1 --><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.dailymail.co.uk\/sciencetech\/article-12253135\/Apple-worth-Britains-GDP-3-040-000-000-000.html?ns_mchannel=rss&#038;ns_campaign=1490&#038;ito=1490\" target=\"_blank\" rel=\"noopener\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apple is almost worth the same as Britain&#8217;s GDP at $3,040,000,000,000, (that&#8217;s more than three trillion dollars) Tech giant&#8217;s stock hit a record high of $193 in trading on Wall Street yesterday By Calum Muirhead Senior City Reporter Updated: 21:50 EDT, 30 June 2023 Apple&#8217;s value has once again topped $3trillion (\u00a32.3trillion) cementing its position [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[3017,864,23,2864,1559,1519,1017,6622],"acf":{"source_article":"","image_credit":""},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/posts\/4659"}],"collection":[{"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/comments?post=4659"}],"version-history":[{"count":0,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/posts\/4659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/media\/4660"}],"wp:attachment":[{"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/media?parent=4659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/categories?post=4659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/tags?post=4659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}