Apple worth $800 billion
Still the most valuable company in history
The upward trajectory of Apple’s already sky-high valuation continues apace. In early May it became the first company in history to be worth $800 billion.
It’s even more amazing considering Apple only broke the $700 billion barrier just over two years ago.
The company’s shares have increased by 33% in 2017 and almost 50% since November 2017. If they continue this level of growth, Apple could hit the $1 trillion mark by the end of the year.
The staggering valuation will be music to Tim Cook’s ears, especially as it comes shortly after news that iPhone sales had taken a surprising dip in the year’s second quarter. Apple shipped 50.8 million iPhones in the quarter ending 1 April, down from 51.2 million in the previous quarter.
But with the iPhone’s tenth anniversary due this September, Apple will be confident that sales will return to their usual growth – especially if the company launches a special anniversary edition of the phone, as expected.