Apple's $3 Trillion Journey
Apple (NASDAQ: AAPL) has been a pioneer in many ways. The tech pioneer broke ground in personal computing, challenging the dominance of IBM (NYSE: IBM) and its PC with its early Apple and Macintosh brands of hardware. Its rollout of the iPod in the 2000s helped popularize the form factor that would lead to the mobile device revolution, and the success of the iPhone line of smartphones speaks for itself.
Apple was also a pioneer in the stock market, becoming the first U.S.-listed stock to reach the $1 trillion market capitalization level. For an encore, Apple went on to top $3 trillion in market cap briefly in 2021, and it remains the most valuable stock in the market by far. Let's take a closer look at the journey that got Apple to where it is today and what could lie ahead for the company in the future.
Apple's stock went public in 1980, and its performance is among the most impressive in stock market history. A $1,000 investment in Apple more than 40 years ago would have grown to $17.2 million today.
Source Fool.com
