Apple’s $ 3 trillion market value continues to gain 5,800% since the debut of the iPhone

Noel Randewich and Saqib Iqbal Ahmed

(Reuters) – Apple (NASDAQ 🙂 became the first company to market more than $ 3 trillion on Monday, marking the latest milestone in the dramatic rise in shares of the Silicon Valley heavyweight since launching its iPhone in 2007.

Apple’s shares have risen about 5,800% since co-founder and former CEO Steve Jobs unveiled its first iPhone in January 2007, surpassing a 230% gain at the same time. (Chart: Apple vs. S&P 500 iPhone unveiled, https://fingfx.thomsonreuters.com/gfx/mkt/zdpxoqdrkvx/Pasted%20image%201641232975265.png)

Microsoft (NASDAQ 🙂 and Amazon (NASDAQ 🙂 have briefly left Apple as the most valuable U.S. listed company in the last three years, although Apple has only recently made progress. The stock market value of Microsoft is currently around $ 2.5 trillion, while that of Amazon is around $ 1.7 trillion, followed by Alphabet (NASDAQ :), now at $ 1.9 trillion. (Graphic: Apple and other major technologies, https://fingfx.thomsonreuters.com/gfx/mkt/gkplgljzdvb/Pasted%20image%201639173927883.png)

Several Big Tech companies have surpassed Apple’s 3421 earnings by 2021. Microsoft and Tesla (NASDAQ 🙂 both merged by about 50% in 2021, while Alphabet rose by 65% ​​and Nvidia (NASDAQ 🙂 by 125%, bringing the value of the chip maker’s stock market to more than $ 700 billion.

Apple now owns about 7% of the S&P 500, down from less than 5% in June and starting in 2021. /gfx/mkt/mopanqyzqva/Pasted%20image%201639174103861.png)

After a 2.9% gain on Monday afternoon, Apple is trading more than 30 times the expected 12-month profit, down from a multiple of 32 in early 2021, but still at an unprecedented height since 2008, according to Refinitiv data. (Graphic: Apple’s PE rating, https://fingfx.thomsonreuters.com/gfx/mkt/znvnexjojpl/Pasted%20image%201639174241611.png)

As Apple’s shares have risen in recent months, analysts ’price targets have also risen. JPMorgan and BofA Global Research raised Apple’s share price target to $ 210 in December, according to Refinitiv. That price target would be Apple’s market capitalization at about $ 3.45 trillion. (Chart: Apple and analyst price targets, https://fingfx.thomsonreuters.com/gfx/mkt/dwvkrzjndpm/Pasted%20image%201639173730845.png)