Timeline: From IPO To $3 Trillion Market Cap, Here's Looking Back At Apple Stock's Journey

After hitting its all-time high mark multiple times in recent weeks, tech giant Apple hit another landmark last Friday.

1.5 years after becoming the world¡¯s first ever company to hit the $3 trillion market cap, Apple hit the mark again last Friday, but this time, it also became the first publicly traded company to end a trading day with a market value above $3 trillion.

Apple Closes Above $3 Trillion Market Cap For First Time

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Apple has added more than $983 billion to its size this year, as per Bloomberg. It currently has a market capitalisation of $3.05 trillion, after its shares gained 2.3% on Friday, taking this year¡¯s rally to 55% to date.

While Apple shares have been riding high in recent months, have you wondered how the stock has performed since it went public through its IPO four decades ago? Curious to know? Read on as we look back at the journey of Apple's stock at a time when the tech giant is enjoying a bull run.

Apple Stock's Timeline

1980: Launches IPO on December 12th.

1981: In Feb, Apple stock bleeds after co-founder Steve Wozniak crashes his small plane.

1983: Apple stocks jump in April after Steve Jobs convinces former Pepsico CEO John Sculley to become Apple CEO,

1983: In May, Apple joins the Fortune 500 list of America's largest firms.

1985: Shares bleed in Feb and Sept as co-founder Wozniak and then CEO Steve Jobs left Apple

1987: In Feb, Apple shares rise after it becomes one of the first 100 companies in the world to register a .com address

1987: Apple splits its stock for the first time ever

1991: Shares rise as former rivals Apple and IBM sign a technology-sharing agreement

1993: In June, Apple shares bleed as it loses $5.5 billion lawsuit against Microsoft and HP

1996: Stocks jump as Steve Jobs rejoins Apple as CEO

1997: Stocks jump as Prince Waleed bin Talal of Saudi Arabia acquires 5% stake in Apple

1997: Shares surge as Steve Jobs and Bill Gates announced a shock alliance of Apple with Microsoft

2000: Apple shares jump as it splits its stock for the second time on a 2-for-1 basis twenty years after becoming a public company. It further split the stock three more times in 2005, 2014 and 2020.

2011: Apple stock drops marginally after Steve Jobs resigns and names Tim Cook as CEO

2011: Apple becomes the world's most valuable stock and company

2018: Apple hits $1 trillion market cap

2020: Apple hits $2 trillion market cap

2022: Apple hits $3 trillion market cap but closes below it

2023: Apple hits the $3 trillion market again and this time it closes above that milestone mark for the first ever time.

Also Read: Elon Musk Says Tesla Will Be Worth More Than Apple And Saudi Aramco One Day

Apple Stock's Milestone Years

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Apple's IPO came out in December 1980, when the tech giant went public at $22.00 per share price.

Later, Apple first became the world¡¯s most valuable stock in 2011, when its market cap was under $340 billion and it comprised about 3.3% of the S&P 500. Since then, it has seldom forfeited that title.

It first reached $1 trillion in value in mid-2018, and it achieved a $2 trillion valuation in August 2020, making it the first US company to surpass that level. The iPhone maker briefly rose above the $3 trillion level in early 2022, although it failed to close above it. However, it did so on Friday (30th June). To check Apple stock's historical data, click here,

Apple also opened its first store retail stores in India this year, in Mumbai on April 18th and Delhi on April 20th 2023.

Also Read: How A Lost iPhone Led To Warren Buffett Investing Billions In Apple

List Of Companies In Trillion Dollar Club

Here¡¯s the list of all the 9 companies and the year in which they hit the $1 trillion milestone.

1.PetroChina-2007

2.Apple -2018

3.Saudi Aramco-2019

4.Alphabet-2020

5.Meta-2021

6.Microsoft-2019

7.Tesla-2021

8.Amazon-2018

9.Nvidia -2023

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