How big is apple

At $2.08 Trillion, Apple Is Bigger Than These Things

In August 2018, Apple Inc. (AAPL) became the world’s first company to record a market capitalization of $1 trillion and roughly two years later, became the first publicly traded U.S. company to surpass $2 trillion.   As of March 15, 2021, Apple’s market cap increased to $2.08 trillion.   To put that staggering $2 trillion figure in context, we present five other huge things that the giant technology company is bigger than or comparable to in terms of value.

Key Takeaways

• Apple Inc. leads all public companies with a $2.08 trillion market cap.
• This figure exceeds the GDP of most countries.
• It also exceeds the total value of stocks on most exchanges worldwide.
• Apple broke two records by becoming the first company to record both a $1 trillion and $2 trillion market cap.

1. Economies of Entire Countries

Global GDP was $87.799 trillion in 2019, per the latest data from the World Bank, and Apple’s market cap is 2.36% of that figure. Compared to the U.S., the world’s largest economy with a GDP of $21.43 trillion in 2019, Apple’s market cap represents 9.7%. 

Only 7 countries have annual GDP figures greater than Apple’s market cap. The nations with GDP figures immediately below $2.08 trillion are Italy, Brazil, and Canada. 

Moreover, the World Bank compiles GDP data for 263 countries, regions, or collections of countries with similar characteristics. Of these, 216, or 97.3%, generate less than $2.08 trillion in annual GDP. 

2. The Market Value of Some Stock Exchanges

The total market capitalization of all shares traded on the top U.S. stock exchanges was $45.57 trillion as of March 15, 2021.   Apple represents 4.56% of that total.

Of the top 72 exchanges in the world, only 11 have market caps greater than Apple. Those exchanges immediately behind Apple are the Frankfurt Stock Exchange, South Korea Stock Exchange, Stockholm Stock Exchange, and Swiss Stock Exchange. 

3. U.S. Budget Deficit

The U.S. government’s expenses far exceed its revenue generation, leading to a burgeoning budget deficit which has been a subject of hot political debates. The Congressional Budget Office (CBO) reports that the federal budget deficit for the fiscal year 2020, which ended on Sept. 30, was $3.1 trillion, more than three times the deficit recorded for 2019. 

As massive as the federal deficit appears, it is only slightly larger than Apple’s market cap. However, Apple’s value pales in comparison to the nation’s total federal debt of $26.945 trillion. 

$26.945 trillion

U.S. federal government debt as of Sept. 30, 2020. This is approximately 13 times greater than Apple’s market cap.

4. Cost of WWI, the Vietnam War, and the Iraq War

While wars cause the destruction of life that cannot be measured, a 2010 Congressional Research Service report estimated the economic cost of each U.S. war between 1775 and 2010, adjusting the figures to reflect constant dollar prices as of the fiscal year 2011. Based on data from that report, Apple’s market cap exceeds the inflation-adjusted costs to the U.S. of World War I, the Vietnam War, and the Iraq War, among others. The only exception is World War II, with an estimated cost of $4.1 trillion in 2011 dollars. 

5. The Combined Net Worth of the World’s 18 Richest People

Jeff Bezos is the world’s richest man according to Forbes magazine, which estimated his net worth to be $182.2 billion as of March 15, 2021.   The combined wealth of the top 10 on the Forbes list, including other well-known names such as Bill Gates and Warren Buffett, is estimated at $1.19 trillion, which is below Apple’s market value. To equal Apple’s market cap, one must combine the net worth of the world’s top 24 billionaires. 

Apple Net Worth FAQs

What is Apple’s Current Net Worth?

A company’s net worth is calculated as its assets minus liabilities. Its market capitalization, or market value, is calculated as the total number of outstanding shares of stock multiplied by its market price. Apple’s net worth at the end of the fiscal year 2020 was $65.34 billion.   Its market capitalization, however, is $2.08 trillion as of March 15, 2021.

Which Company Is Richer, Microsoft or Apple?

Microsoft has an impressive market cap; however, it is not as large as Apple’s. As of March 15, 2021, Microsoft’s market cap was $1.8 trillion, which is approximately 87% of Apple’s. 

Is Apple Worth a Trillion Dollars?

In 2018, Apple broke the record to become the first company to record a $1 trillion market capitalization. In 2020, it surpassed another milestone, becoming the first company to record a market value of $2 trillion. Its net worth as of 2020 was an impressive $65 billion.

Is Apple Bigger Than Amazon?

E-commerce and tech giant Amazon joined the $1 trillion club in September 2018, one month after Apple. However, it has yet to reach Apple’s $2 trillion market cap milestone. Amazon reported a 2020 net worth of $43.55 billion, trailing behind Apple’s $65 billion. Although Amazon posts great marks, it is not bigger than Apple.

Is Tim Cook a Billionaire?

Apple’s CEO Tim Cook is estimated to have a net worth of $1 billion. He earns approximately $15 million per year in salary and bonuses. 

The Bottom Line

Apple continues to break records with its performance, shattering the market cap ceiling in 2018 at $1 trillion and again in 2020, doubling to $2 trillion. Apple’s market value exceeds the combined net worth of most of the world’s billionaires, entire nations’ economies, and the market value of most exchanges. One can imagine what record it will break next. Despite where it’s headed, it maintains its position at the top.

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How Big Is Apple? From Birth Of Apple To Its Golden Age

Short Bytes: Apple has seen a roller-coaster ride since its inception including the revival of its golden age. Who was the main person behind Apple and how Steve Jobs’ business idea made Apple one of the greatest companies in the world? Know about it in full details.

Odd birth of Apple:

Apple did not start at an ordinary timeline of the US history. Beginning of this great company was contemporary to many events in the USA like Boeing 747 making its maiden flight, NASA Launched Apollo 9 and Apollo 10, Ongoing Vietnam war, the hippie movement, cold war, A war against discrimination, counterculture movement and space race.

This was the year when Steve Jobs met Steve Wozniak. None of them had any idea that they were soon going to change the history. Thus, Apple was born at the right time and right moment when the winds of change began flowing in the United states. A young revolution had taken place in the mainstream of America.

1974: Launch of Altair 8800 DIY

Steve Wozniak, a computer lover to the core of his heart was always keen on solving the computer problem. He always wondered about solving those problems and coming up with his own solutions. 1974 saw the launch of Altair 8800 DIY. The launch of Altair 8800 was catching up the kids like a viral fever. So much that computer classes in the US began to see just the discussions over what cool stuff they did with Altair 8800 DIY.

Homebrew club:

At the same time, Intel and Motorola had begun to launch their CPUs publicly in the market. At the same time in parallel, a computer club influenced by counterculture movement was born in San Francisco named ‘Homebrew club’ where Wozniak would bring in those publicly available CPUs. Wozniak was trying to setup his computer and events of setting up the computers was marked by some extraordinary events which surprised people of the club and forced them to stand around and take a look at the what Wozniak was actually doing with his computers. Sometimes, people would often ask their doubts to him.

Steve Jobs, the Marketeer:

Steve Jobs noticed those extraordinary events happening in the club. He approached Wozniak and asked him to work together and sell those things to common people.

April 1976: Apple One

In April 1976, A group of friends started working in a garage which would see the first Apple product called ‘Apple One’. it did not include any keyboard or monitor. This group sold fifty Apple units for the first time, which was a clear proof that ordinary people outside the club actually did want to own a PC. However, the problem was in assembling a PC which would demand too many chips at that time and thus making a PC too expensive for the common people.

First Innovation at Apple:

So, Steve Wozniak saw this problem as an opportunity. He thought if TV had a memory and at the same time, a CPU also had a memory, why not to sandwich them make something new out of their own. Logical arrangements of chips one after another finally gave birth to the first computer by Apple which also had a screen. However, there were many limitations on this computer. But looking at that era, that was the perfect solution for people imagination. They could draw some lines and generate color-coded patterns over the monitor or just play a game on the computer.

Further improvisation by Steve Jobs:

Steve jobs knew the limitations of the users and he further improvised the computer so that a user feels easier to use it. Within two years, from 1974 to 1976, out of the box, the world sees a PC by Apple.

1978: West Coast computer fair

Steve jobs was successful in getting the funding and in 1978, at West Coast Computer Fair, Apple was able to steel the show. After that, Apple was literally kissing the sky and making progress exponentially. Apple was worth a million dollar when Steve Jobs was 23, more than ten million dollar when he was 24 and more than 100 million dollars when he was 25.

80s: The war of PCs

Looking at the success of PCs made by Apple, many bigger companies realized that PC could really be useful extending knowledge to normal people. And there was a war between companies selling PCs. Apple began losing market share in 80s. Throughout 80s, Apple saw the roller coaster ride of lost and profit and finally bankruptcy.

Second Golden age of Apple: How big is Apple?

Apple first quarter revenue just from the iPhone in 2015 was, 51.2 million dollars greater than Yahoo’s entire market cap and twice as much as Microsoft’s quarter’s revenue. The cash reserve of Apple is sufficient to buy Ford and Tesla with still some money left behind. Apple has the record of making largest quarterly earning ever made by a company.

Samsung vs Apple:

Many people always ask about the war between Samsung and Apple. Well, Samsung’s net revenue is much more than Apple but Samsung also has employees twice as much of Apple. On the other hand, operating income of Apple is much more than the Net income of Samsung.

The main reason behind this is niche marketing by Apple where it sticks only to a few products and fulfills its consumers need. Before we wrap up, we would like to bring in some facts about Apple.

Some other facts related to Apple:

• Steve jobs also served as a mentor to Google founders.
• According to Wozniak, Steve jobs never wrote a single line of code
• Steve jobs was very careful about product designing so he dedicated an entire team on boxing and unboxing a product.
• The iPhone project was so secretive that neither the hardware guys knew about the software side and vice versa until Steve jobs revealed the product on the launch of Apple.

So, what do you think what makes Apple such a unique company?

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How Apple uses AI and Big Data

Technology has changed the face of many businesses. It has revolutionized the way products were sold or customers were targeted.

Technology is not static, it keeps changing or better say developing. Every second day we are introduced to a new technology. Artificial intelligence, machine learning, and big data are among the technologies that have gained popularity in the past few decades.

These technological inventions are equally beneficial for customers and businesses. It has narrowed the gap between the two ends of a market.

Back then when we did not have chatbots, we could not get replies to our basic queries. But today, we can just talk to chatbots and get our issue resolved, without even the need for human intervention. Almost every business is leveraging these modern-day technologies.

Speaking of Chatbots, you can also take a look at our blog on Learn about Machine Learning Chatbots.

We all know or have at least heard about Apple Inc. The company is considered to be among the top tech companies in the world. Being a technology-driven company, Apple is known for its rich utilization of various modern advancements in technologies.

In this blog, we will look at the use of two modern-day technologies by this tech MNC. We will try to understand the different uses of artificial intelligence and big data by Apple. We will begin with a brief description of this tech giant.

About Apple Inc.

Apple Inc., formerly known as Apple Computer Inc., is a technology multinational company that has its headquarters in Cupertino, California.

The company specializes in designing, developing, and selling consumer electronics, computer software, and online services. Apple Inc. was founded by two young tech enthusiasts, Steve Jobs and Steve Wozniak.

The Macintosh, released in 1984, introduced the Graphical User Interface (GUI) to the mainstream. Apple’s second product, the Apple II was a huge success. It was the first personal computer to earn such mass-market success.

The company started struggling after it ousted Steve Jobs back in 1985. It was even on the verge of bankruptcy when Steve Jobs returned to the company in 1997.

Steve brought in some brilliant ideas and lifted the spirit of the company. He led the company to recovery by introducing the iPod in 2001, the iPhone in 2007, and the iPad in 2010. Apple earned a profit of almost $40 million in the 2014 fiscal year.

Steve Jobs died of cardiac arrest in 2011. Tim Cook, his longtime deputy, took over as the CEO and has presently been leading the company to success.

“You can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something — your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.”

— Steve Jobs, Co-Founder, Apple Inc.

The company’s journey to becoming a part of the Big Five of the U.S. had already started. Apple’s obsessive focus on user experience has put it among the most successful companies in the world.

Talking of Big Five, you can read How Amazon uses big data?

The platform has always been at the forefront when it comes to leveraging the new technologies to their advantage. Let us look at the use of artificial intelligence by Apple.

How is Apple using Artificial Intelligence?

Artificial Intelligence can be called the ‘technology of the decade’. It has transformed so many industries and how the information technology industry can be kept away. Apple Inc. is a tech giant that has adopted AI as its integral part and is using it as its pitch to consumers.

Also, check out our blog on 10 companies using AI

Apple has adopted a quieter and smarter approach towards AI. In its announcements about iOS, iPadOS, and macOS, in June 2020, Apple gave a hint about a number of features and updates that had AI and ML at their heart. Some announcements were not made onstage and some features that use AI were not identified as such but some mentions are worth bringing to our notice.

How Apple uses AI

1. Facial Recognition for Homekit

Apple Homekit, a smart home solution, allows users to control and communicate with connected accessories using their app. With the HomeKit framework, users can provide a way to configure accessories and create actions to control them.

Users can even group actions together and trigger them using Siri. The company has allowed Homekit-enabled security cameras to use photos tagged on a user’s phone to identify people when they are at the door. It would even announce the name of the person standing at the door.

2. Native sleep tracking for the Apple watch

With the sleep app on Apple Watch, a user can create his/her bedtime schedules to meet their sleep goals. Users just need to wear the Apple Watch to their bed and it can track their sleep. When they wake up, they can learn about their sleep period and can even track their sleep pattern in the past two weeks.

The watch uses machine learning to classify movements and detect when you are sleeping.

Recommended blog — AI in Retail Sector

A user can schedule multiple bedtime schedules; for example, one for weekdays and another for weekends.

7 examples of the use of AI by Apple

3. Handwashing

The Apple Watch has a lot more to offer than we can comprehend. The Watch can detect when you start washing your hands and intuitively launch a 20-second timer to encourage you to keep going for 20 seconds, as global health organizations recommend to do it.

The Watch uses its motion sensors and microphone to detect whether you are washing your hands. It also listens for the sound of soap and water running to determine the action.

The Apple Watch also reminds you to wash your hands each time you get home.

Recommended blog — AI in Big Data Analytics

4. App Library Suggestions

The iOS 14 release changed the way we used to manage apps. A folder in the new App Library layout will use ‘on-device intelligence’ to show apps you’re ‘likely to need next’.

5. Translate App

Apple added a translation app in iOS 14. The app is designed to offer translations from one language to another.

The Translate app works completely offline due to the embedded on-device machine learning.

The app has some useful features that are handy both when learning a new language and attempting to talk to a person who speaks an anonymous language. The app can detect the language being spoken and can decode live conversations.

6. Sound Recognition in iOS 14

iOS 14 brings a range of valuable new features, and some of them are designed as Accessibility options but are equally useful to everyone.

Sound Recognition is also an Accessibility feature that can give users with hearing challenges a visual cue for a variety of sounds happening around them.

This accessibility feature wasn’t mentioned on stage, but it makes an iPhone capable of listening and identifying for things like doorbells, sirens, dogs barking, or babies crying.

Recommended blog: AI and ML Trends in 2021

7. Handwriting Recognition for iPad

Handwriting recognition is not an easy task for artificial intelligence because the more intuitive a task is for humans, the harder it is for AI (Artificial Intelligence vs Human intelligence). Nonetheless, Apple seems to have found a solution to this.

In the latest update to iPadOS, when users write something using the Apple Pencil, the iPad can understand their scrawl and, with Scribble, convert it to typed text. It works like most machine learning, however, this wasn’t specifically identified as an AI-powered feature.

So, these were some of the examples to show that Apple is making the most of, one of the most sought modern-day technologies, artificial intelligence. Now, we will look at the use of another technology i.e. big data by Apple.

How Apple uses Big Data

Seeing how Apple is always ahead when it comes to making use of technological advances, it definitely wouldn’t be that surprising to discover that the company uses big data extensively.

Having said that, what should not go unnoted is that this has not been always this way. Apple’s competitors like Google were already leveraging big data before Apple took the jump.

2 areas of use of Big Data by Apple

Apple has worked vigorously to make up for the lost time to the opposition. Presently, the company has become enmeshed in big data analytics, with the technology driving their considerable lot of decisions.

However, the company has always tried to be cryptic about how they utilize big data, but this doesn’t guarantee some intriguing bits of knowledge from not being divulged.

It is quite evident the company has an upper hand over its competitors. Apple has not only products that are highly popular but also are designed to capture valuable data. This is the reason behind Apple’s ease of access to crucial insights on consumer behavior and other important data.

Areas of big data use by Apple

The data is utilized by the company to decide on the best approach towards consumers with its new products and services.

1. If we talk about one area in particular that has benefited from big data analytics it is application design.

Using big data Apple can discover how people are using apps in real life and alter future designs to fit with customer tendencies.

The Apple Watch is a good example of Apple’s strategy of capitalizing on big data. The Apple Watch has the potential to revolutionize not just wearables in general but data gathering.

Apple can now capture data on what customers do during the day. Realizing the potential of big data with the Apple Watch, the company went to join hands with IBM. The partnership intends to make the most of digital health information.

2. Using big data analytics, Apple intends to keep track of people’s health and improve their lifestyles.

The information collected can be utilized to treat sickness, prevent the rapid spread of diseases, and also provide better protection against preventable sickness to its people. This partnership also aims at creating health-related mobile applications that can be then used with Apple devices.

All things considered, Apple has just started to expose what it is equipped for with big data, and wearable gadgets might be the area that sees the most improvement in the coming years.

Conclusion

To conclude this blog, it can be stated that Apple is trying its best to utilize technological advances to improve its user experience.

Artificial intelligence and its branch of machine learning are being used in different Apple devices to enhance user experience.

While big data is being used to keep track of a user’s activity. It too aims at giving users something they need.

Wearable devices exhibit great potential with big data and the company would want to capitalize on it.

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