A look at the market cap of the iPhone, iPad, MacBook, and Apple Watch and their respective market capitalizations shows how Apple is now worth over $600 billion.
Apple’s market cap currently sits at $618 billion.
The market cap for the iPad was around $420 billion at the end of the fourth quarter of 2016.
In a recent article on the Forbes website, Apple executive Phil Schiller stated, “We believe that the iPhone is one of the best-selling products of all time.
We’ve been at this for six years, and we’ve sold more than 2 billion of them.
The iPad has surpassed that.”
Apple is not the only company with this position, but it is one that’s been relatively stagnant since the iPhone’s launch in 2007.
The average iPhone sales volume was just under 100 million units at its peak in 2011.
The average iPad sales volume had been about 30 million units, with an average of just over 300 million units sold in the quarter of 2017.
Sales of Apple’s Macs have declined from an average peak of around 3 million units per quarter between 2010 and 2016.
The decline in Mac sales over the last couple of years has been due in part to the launch of a new, Mac-powered iPad, but Apple’s market capitalization is also dependent on the performance of the Mac OS X, the operating system that runs on the Macs.
Although Apple’s stock price has been relatively flat since the end the fourth fiscal quarter of 2019, its market cap has risen.
Apple’s stock has climbed more than 1,300 percent since the start of the year.
The stock is currently valued at $156.25 per share, and is trading at $164.25.
Sources: Fox News, Forbes, Bloomberg