On Monday, January 23, 2022, the widely used technological corporation known as Apple officially became the first company to have a total value of $3 trillion USD. Initially launched back in April 1976 they quickly propelled themselves to becoming the most popularly used operating technological business ahead of all their competitors. Not only does Apple now claim the position of being the first company to reach $3 trillion, but they have also beat their opponents to the previous milestones of being the first to hit 1 and $2 trillion.
Most sources believe that this outcome has only occurred this swiftly due to the COVID-19 epidemic that put an intense amount of fear into people across the globe, all the way to the point where they refused to come outside. Staying indoors for an extended period of time obviously leaves citizens with little to zero options to entertain themselves, however, most people can agree that they would immediately turn to their cellular devices or computers: almost all of them being an Apple product. After the pandemic settled down, the corporation released a statement claiming that they reported “47% revenue increase from the previous year, during its last quarter,” according to a respected spokesperson from Apple.
Even with all of their previously achieved accomplishments on the table, there is no doubt that Apple still contains an enormous amount of room for growth and is determined to continue expanding its products for the future. Morgan Stanley representative Katy Huberty shed light on how she believes Apple truly views its products during its initial publication: “Despite a consistent and material revenue contribution from new products and services over time, Apple shares do not seem to bake in the impact from upcoming new products launches,” she stated.