Apple’s net worth is estimated to be $2818 billion by 2024. Apple became the first Company to reach $3 trillion in June 2021. Apple Inc. is an American multinational company and is famous for manufacturing smartphones, tablets, PCs, and more electronic devices. Its headquarters is located in Cupertino, California, where the manufacturing is done. The company produces a wide range of products and they give their products a distinctive style.
Apple’s net worth is $2.818 trillion ($2818 billion) in 2024. The iPhone smartphones, iPad tablets, Macbook laptops, Air Pod wireless headphones, and Apple Watch smartwatches are some of the company’s most popular products and are widely used and popular all over the world. Also read details about Mark Zuckerberg’s Net Worth, Bill Gates’ Net Worth, and Sundar Pichai’s Net Worth.
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The company has more than 25 manufacturing units in different countries. Apple Inc. are considered the five largest companies in the US IT sector with some giants such as Microsoft, Google, Amazon and Facebook. Even though the products are very expensive, the quality of their products is unmatched and that is the reason for their success. The logo itself is a kind of status symbol for many people. Must check Ratan Tata’s net worth.
Apple’s net worth
| Name | Apple Company |
| Net Worth 2024 | 2818 billion USD (2.818 billion USD) |
| Total assets: | 335.038 billion dollars |
| Total liabilities: | $274.764 billion |
| Net income: | $94.76 trillion |
| Annual revenue: | $383.933 billion |
| January 2024 PE Ratio | 29:60 |
| Founder: | Steve Jobs, Steve Wozniak, Ronald Wayne |
| Number of employees: | 164,000 |
| CEO | Tim Cook (August 24, 2011–) |
| Establish: | April 1, 1976, Los Altos, California, USA |
Top 3 individual insider shareholders of Apple
| Name of shareholder | Total shares |
| Arthur Levinson | 4,592,140 shares |
| Tim Cook | 837,374 shares |
| Jeff Williams | 489,260 shares |
Top 3 institutional shareholders
| Name of shareholder | Total shares |
| Vanguard Group | 1.3 billion shares |
| BlackRock Company | 1.11 billion shares |
| Berkshire Hathaway Inc. | 1 billion shares |
Apple market capitalization
Current value and stock of Apple Inc. cost about 2.818 trillion USD. The company as a whole is worth more than many other companies combined. iPhone, despite its high price, still holds the third position in terms of best-selling smartphones. In terms of other electronic devices and gadgets, Apple holds the leading position. Its Air Pod is becoming a phenomenon these days as Apple used to sell a large number of iPods. The company is trying its best to become viable for everyone and expand its services.
Apple’s organizational structure
The following table shows Apple’s top-level organizational structure as of 2024:
| Operating | Title | Role |
|---|---|---|
| Tim Cook | Chief Executive Officer (CEO) | Oversee every aspect of Apple’s business, including product development, marketing and sales. |
| Luca Maestri | Chief Financial Officer (CFO) | Responsible for Apple’s financial operations, including accounting, reporting, and treasury. |
| Sabih Khan | Senior Vice President of Operations | Oversee Apple’s manufacturing and supply chain operations. |
| Dan Riccio | Senior Vice President of Hardware Engineering | Oversees the development of Apple hardware products, including iPhone, iPad, and Mac. |
| John Giannandrea | Senior Vice President of Machine Learning and Artificial Intelligence | Oversee Apple’s machine learning and artificial intelligence initiatives. |
| Craig Federighi | Senior Vice President of Software Engineering | Oversee the development of Apple’s software products, including iOS, macOS, and watchOS. |
| Phil Schiller | Apple colleague | Former Senior Vice President of Worldwide Marketing, now an advisor to Tim Cook. |
| Deirdre O’Brien | Senior Vice President of Retail + Human Resources | Oversees Apple retail stores and human resources functions. |
| Eddy Cue | Senior Vice President of Internet Software and Services | Oversees Apple’s software and internet services businesses, including the App Store, Apple Music and iCloud. |
Apple Revenue 2024
- Apple’s revenue for the quarter ending September 30, 2023 was $89.498 billion.
- Apple’s revenue for the twelve months ending September 30, 2023 was $383.285 billion.
- Apple’s annual revenue for 2023 is $383.285 billion.
- Apple’s annual revenue in 2022 is $394.328 billion.
- Apple’s annual revenue in 2021 is $365.817 billion.
- Apple’s annual revenue in 2020 was $274.515 billion.
| Year | (Million dollars) |
|---|---|
| 2023 | $383,933 |
| 2022 | $387,537 |
| 2021 | $365,817 |
| 2020 | $274,515 |
| 2019 | $260,174 |
| 2018 | $265,595 |
| 2017 | $229,234 |
| 2016 | $215,639 |
| 2015 | $233,715 |
| 2014 | $182,795 |
| two thousand and thirteen | $170,910 |
| 2012 | $156,508 |
| 2011 | $108,249 |
| 2010 | $65,225 |
| 2009 | $42,905 |
| 2008 | $37,491 |
| 2007 | $24,578 |
| 2006 | $19,315 |
| 2005 | $13,931 |
Apple’s total assets
- Apple’s total assets for the quarter ending September 30, 2023 are $352.583 billion.
- Apple’s total assets in 2023 are $352.583 billion.
- Apple’s total assets in 2022 are $352.755 billion.
- Apple’s total assets in 2021 are $351.002 billion.
- Apple’s total assets in 2020 are $323.888 billion.
| Year | (Million USD) |
|---|---|
| 2023 | $335,038 |
| 2022 | $352,755 |
| 2021 | $351,002 |
| 2020 | $323,888 |
| 2019 | $338,516 |
| 2018 | $365,725 |
| 2017 | $375,319 |
| 2016 | $321,686 |
| 2015 | $290,345 |
| 2014 | $231,839 |
Apple’s total debt
- Apple’s total liabilities for the quarter ending September 30, 2023 are $290.437 billion.
- Apple’s total debt in 2023 is $290.437 billion.
- Apple’s total liabilities in 2022 are $302.083 billion.
- Apple’s total debt in 2021 is $287.912 billion.
- Apple’s total liabilities in 2020 were $258.549 billion.
| 2023 | $274,764 |
| 2022 | $302,083 |
| 2021 | $287,912 |
| 2020 | $258,549 |
| 2019 | $248,028 |
| 2018 | $258,578 |
| 2017 | $241,272 |
| 2016 | $193,437 |
| 2015 | $170,990 |
| 2014 | $120,292 |
Start
Apple Inc. is the dream company of Steve Jobs, Steve Wozniak and Ronald Wayne. The company was founded by these three people in 1976. At that time, they sold the Apple I personal computer and later the Apple II computer which became really famous. The company name was changed to Apple Computer, Inc., in 1977.
Apple’s net worth
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They took their company public in 1980 to some financial success. Their products sold well and their innovative graphics and operating system were popular but after a while they started facing problems regarding their service and product costs compared to cheap Intel-powered Microsoft Windows PCs. Steve Jobs left the company to found NeXT, along with several of the company’s employees.
To save the company and get it back on track, the company hired CEO Gil Amelio. He bought NeXT in 1997 and brought Steve Jobs back to Apple. Steve Jobs became CEO again in 2000 and the company has been a huge success ever since. They created the iMac and opened several retail stores across the United States. The company took its current form in 2007 when it was renamed Apple Inc.
Apple’s net income in 2024
- Apple’s net income for the quarter ending September 30, 2023 is $22.956 billion.
- Apple’s net income for the 12 months ending September 30, 2023 is $96.995 billion.
- Apple’s annual net income for 2023 is $96.995 billion.
- Apple’s annual net income in 2022 is $99.803 billion.
- Apple’s annual net income in 2021 is $94.68 billion.
- Apple’s annual net income in 2020 was $57.411 billion.
| Year | Net Income (Million USD) |
|---|---|
| 2023 | $94,760 |
| 2022 | $99,803 |
| 2021 | $94,680 |
| 2020 | $57,411 |
| 2019 | $55,256 |
| 2018 | $59,531 |
| 2017 | $48,351 |
| 2016 | $45,687 |
| 2015 | $53,394 |
| 2014 | $39,510 |
| two thousand and thirteen | $37,037 |
| 2012 | $41,733 |
| 2011 | $25,922 |
| 2010 | $14,013 |
Evolution
Steve Jobs’s company, Apple is considered one of the biggest IT companies today mainly because of its products and their unique style and features. The first iPhone was launched in 2007 and it became a phenomenon because it had no competitors. The iPhone was like the first step towards the future. Although it cost a lot, the level of success it achieved is unmatched.
In 2011, Steve Jobs left the country and Tim Cook became the new CEO. Jobs left the company due to health issues. Jobs built the company and he was like its foundation. Shortly after Jobs resigned, he passed away, leaving the world in shock.
Apple Net Worth and Products
The company is currently enjoying the success of its life as it became the first company to be valued at $3 trillion. It has over 147,000 employees and over 500 retail stores worldwide. There are over 1.5 billion Apple products in use worldwide and the craze for it is growing. The company is still growing and trying to be affordable for everyone, even for the middle class. You can feel the effort when you see more and more Apple products near you now.
Awards and achievements
Apple Inc. is undoubtedly the most successful company ever and its stock price and value are higher than any other company. If Steve Jobs were still alive, he would definitely be the richest person in the world. There are no specific awards the company has won. Also, there is not much knowledge about the awards, nominations that the company has witnessed.
Conclusion
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In short, we can say that Apple Inc. is a billion dollar company. The company employs millions of people and has many stores around the world to sell its products. It has a wide range of products and all its products are reliable. Compared to those cheap devices, Apple products are too good. There was a time when Apple products were only sold to the rich and millionaires but today it is very easy to own an iPhone, iPad or any other Apple product.
frequently asked Questions
What is Apple’s net worth?
Apple’s current net worth is $2818 billion.
Who is the founder of Apple?
The founders of Apple company are Steve Jobs, Steve Wozniak, Ronald Wayne.
When and where was Apple founded?
Apple was founded on April 1, 1976, Los Altos, California, United States
Who is Apple’s CEO?
Tim Cook (Since August 24, 2011) is the CEO of Apple.
What are the top products of Apple Company?
Apple’s most famous products are iPhone, Apple Watch, iPad, iOS, Macintosh, Apple TV and many more.
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Category: Net Worth