There once was a time when a $1 trillion valuation for a public company was considered historic. And it was. But $1 trillion is so 2018. Seriously, what's $1 trillion when Apple is worth three times that?
That's right, Apple officially became the first company to be valued at $3 trillion during intraday trading Jan. 3, 2022, though it's fallen below that as of this update. The stock will have to maintain a price of about $183 to sustain the $3 trillion valuation.
You might dismiss this latest achievement as just another inevitable milestone in the history of the rich getting richer. But we dug up some wild facts and figures to put those trillion bucks into perspective.
For example, 3 million seconds is about 34 days, while 3 billion seconds is a whopping 95 years. How long is 3 trillion seconds? Wait for it ... more than 95,000 years!
And get this — if you laid 3 trillion dollar $1 bills end to end, they would stretch nearly 291 million miles (468 million kilometers), way greater than the distance from the Earth to the sun!
But let's get back to the true value of that line of George Washington's stretching to the stars. If you happened to have $3 trillion in the bank, what could you buy?
- You could buy a fleet of 228 of the world's most expensive aircraft carrier, the USS Gerald Ford, valued at $13 billion each.
- If real estate is your thing, you could pick up the most expensive home in the world, and have tons of cash left over. (And we mean tons.) The $532 million estate in Rome, Italy, is a 30,000-square-foot mansion "fixer-upper," but it also houses the only Caravaggio ceiling fresco in the world.
- Maybe you're a car person. The Pagani Huayra Tricolore is among the world's most expensive cars at $6.67 million. Your $3 trillion could buy 450,000 of them, except Pagani built only three.
So, what does it mean that Apple, a single company that makes smartphones, tablets and computers, is valued at $3 trillion? How does that compare to the valuations of other big-name brands and industries? For that, we turned to this visualization by The New York Times, where we learned that Apple is worth:
- More than Walmart, Disney, Netflix, Nike, Exxon Mobil, Coca-Cola, Comcast, Morgan Stanley, McDonald's, AT&T, Goldman Sachs, IBM and Ford, combined
- More than the value of all of the world's cryptocurrencies
- Roughly equal to the gross domestic product of Britain or India
- More than all of the airlines and aviation companies worldwide, including Delta Airlines, Boeing and Lockheed Martin
- More than the biggest U.S. banks combined, including JPMorgan Chase, Bank of America, Wells Fargo and Citigroup
For one final dose of perspective on Apple's achievement, it took the company 42 years to be reach its $1 trillion valuation in 2018. It took just two years for it to surge past $2 trillion, and another 16 months to hit $3 trillion.
Originally Published: Aug 9, 2018