Apple’s Net Worth is estimated to be $2818 Billion as of 2024. Apple Becomes First Company which has touched the $3 Trillion mark in June 2021. Apple Inc. Is an American multinational company and is famous for the manufacturing of smartphones, tablets, PCs, and many more electronic devices. Its headquarters is situated in Cupertino, California where the manufacturing is done. The company makes a wide variety of products and they give their products a distinctive style.
Apple’s Net Worth is $2.818 Trillion ($2818 Billion) in 2024. iPhone smartphones, iPad tablets, Macbook laptops, Air Pod wireless earbuds, and Apple Watch smartwatch are some of the company’s most famous products and is widely popular and used everywhere in the world. Also read the Net Worth details of Mark Zuckerberg, Bill Gates Net Worth, and Sundar Pichai.
The company has over 25 manufacturing units in different countries. Apple Inc. Is considered as the five greatest companies in the IT sector of America with some of the big guns like Microsoft, Google, Amazon and Facebook. Though the products are very expensive but the quality of their products is unmatched and that’s the very reason of their success. The logo itself is kind of a status symbol for many. Must Check Ratan Tata Net Worth.
Apple Net Worth
| Name | Apple Inc. |
| Net Worth 2024 | $2818 Billion ($2.818 trillion) |
| Total Assets: | $335.038 Billion |
| Total Liabilities: | $274.764 Billion |
| Net Income: | $94.760 Billion |
| Annual Revenue: | $383.933 Billion |
| PE Ratio January 2024 | 29.60 |
| Founder: | Steve Jobs, Steve Wozniak, Ronald Wayne |
| No of Employees: | 164,000 |
| CEO | Tim Cook (24 Aug 2011–) |
| Founded: | 1 April 1976, Los Altos, California, United States |
| Name of Shareholder | Total Shares |
| Arthur Levinson | 4,592,140 shares |
| Tim Cook | 837,374 shares |
| Jeff Williams | 489,260 shares |
| Name of Shareholder | Total Shares |
| Vanguard Group Inc. | 1.3 billion shares |
| BlackRock Inc | 1.11 billion share |
| Berkshire Hathaway Inc. | 1 billion shares |
Apple Market Cap
The current value and shares of Apple Inc. cost anywhere around $2.818 trillion. The company as a whole is worth more than many other companies combined. iPhone despite its high cost holds third place in terms of the highest sold smartphones. In terms of other electronic devices and gadgets to Apple holds a commanding position. Its Air Pod these days is becoming a sensation as earlier Apple used to sell a massive amount of iPod. The company is trying its level best to become feasible for everyone and to broaden its services.
Apple Organizational Structure
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The following table shows the top-level organizational structure of Apple as of, 2024:
| Executive | Title | Role |
|---|---|---|
| Tim Cook | Chief Executive Officer (CEO) | Oversees all aspects 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 | Oversees Apple’s manufacturing and supply chain operations. |
| Dan Riccio | Senior Vice President of Hardware Engineering | Oversees the development of Apple’s hardware products, including the iPhone, iPad, and Mac. |
| John Giannandrea | Senior Vice President of Machine Learning and Artificial Intelligence | Oversees Apple’s machine learning and artificial intelligence initiatives. |
| Craig Federighi | Senior Vice President of Software Engineering | Oversees the development of Apple’s software products, including iOS, macOS, and watchOS. |
| Phil Schiller | Apple Fellow | Former Senior Vice President of Worldwide Marketing, now serves as an advisor to Tim Cook. |
| Deirdre O’Brien | Senior Vice President of Retail + People | Oversees Apple’s retail stores and human resources functions. |
| Eddy Cue | Senior Vice President of Internet Software and Services | Oversees Apple’s internet software and services businesses, including the App Store, Apple Music, and iCloud. |
Apple Revenue 2024
- Apple revenue for the quarter ending September 30, 2023 was $89.498 Billion.
- Apple revenue for the twelve months ending September 30, 2023 was $383.285 Billion.
- Apple annual revenue for 2023 was $383.285 Billion.
- Apple annual revenue for 2022 was $394.328 Billion.
- Apple annual revenue for 2021 was $365.817 Billion.
- Apple annual revenue for 2020 was $274.515 Billion.
| Year | (Millions of US $) |
|---|---|
| 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 |
| 2013 | $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 Total Assets
- Apple total assets for the quarter ending September 30, 2023 were $352.583 Billion.
- Apple total assets for 2023 were $352.583 Billion.
- Apple total assets for 2022 were $352.755 Billion.
- Apple total assets for 2021 were $351.002 Billion.
- Apple total assets for 2020 were $323.888 Billion.
| Year | (Millions of US $) |
|---|---|
| 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 Total Liabilities
- Apple total liabilities for the quarter ending September 30, 2023 were $290.437 Billion.
- Apple total liabilities for 2023 were $290.437 Billion.
- Apple total liabilities for 2022 were $302.083 Billion.
- Apple total liabilities for 2021 were $287.912 Billion.
- Apple total liabilities for 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 |
Inception
Apple Inc. was the dream company of Steve Jobs, Steve Wozniak, and Ronald Wayne. The company was founded by these three in 1976. At that time they used to sell Apple I personal computers and later Apple II computers which became really famous. The company’s name was changed to Apple Computer, Inc., in 1977
They made there company public in 1980 to acquire some financial success. Their products were sold heavily and there innovative graphics and operating system was well liked but after some time they started facing problems related to services and cost of their products as compared to those cheap Microsoft Windows PC which runs on intel. Steve Jobs left the company to found NeXT, with several company employees.
To save the company and to bring it back on track the company recruited CEO Gil Amelio. He bought NeXT in 1997 and bring Steve Jobs back to Apple. Steve Jobs became the CEO again in 2000 and from then on the company gained huge success. They created iMac and opened several retail shops around the United States. The company gets it’s status back in 2007 when it named Apple Inc.
Apple Net Income 2024
- Apple net income for the quarter ending September 30, 2023 was $22.956 Billion.
- Apple net income for the twelve months ending September 30, 2023 was $96.995 Billion.
- Apple annual net income for 2023 was $96.995 Billion.
- Apple annual net income for 2022 was $99.803 Billion.
- Apple annual net income for 2021 was $94.68 Billion.
- Apple annual net income for 2020 was $57.411 Billion.
| Year | Net Income (Millions of US $) |
|---|---|
| 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 |
| 2013 | $37,037 |
| 2012 | $41,733 |
| 2011 | $25,922 |
| 2010 | $14,013 |
Evolution
Steve Jobs’s lead company Apple is considered one of the biggest IT companies in today’s time mostly because of its products and their distinctive style and features. The first iPhone was launched way back in 2007 and it became a sensation as there was no competition for it. The iPhone was like a first step towards the future. Despite its cost the amount of success it gained is unmatchable.
In 2011 Steve Jobs left the country and Tim Cook became the new CEO. Jobs left the company because of his health issues. Jobs has built the company and he was like the foundation. Soon after Jobs resignation, he died leaving the whole world stunned.
The company currently is enjoying the success of its life becoming the first ever company to have a value of $3 trillion. The company holds more than 147,000 employees and has over 500 retail shops around the world. There are more than 1.5 billion Apple products used around the world and the craze for it is growing more and more. The company is still developing a lot and trying to be feasible for everyone even for the middle-class people. You can sense the efforts as you are now seeing more and more Apple products nearby you.
Awards & Achievements
Apple Inc. Is undoubtedly the most successful company ever and its shares and value cost more than any other. If Steve Jobs was alive then he surely would’ve been the richest person in this world. There isn’t any specific award which the company has won. Also, there isn’t a lot of knowledge about the awards and nominations that the company has witnessed.
Conclusion
In the conclusion, we can say that Apple Inc. Is a billion-dollar company. The company gives employment to millions and it has many stores around the world to sell its products. It has a wide range of products and all its products are trustworthy. Compared to those cheap devices Apple products are just too good. There was a time when Apple products were seen only in the hands of the rich and millionaires but nowadays it became extremely easy to be the owner of an iPhone or iPad or any other Apple product.
Frequently Asked Questions
What is the net worth of Apple?
The current net worth of Apple is $2818 Billion.
Who is the founder of Apple?
The founder of Apple Company is Steve Jobs, Steve Wozniak, Ronald Wayne.
When and where was Apple established?
Apple was established on 1 April 1976, Los Altos, California, United States
Who is the CEO of Apple?
Tim Cook (From 24 Aug 2011) is the CEO of Apple.
What are the top products of Apple Company?
Most Famous apple products are iPhone, Apple Watch, iPad, iOS, Macintosh, Apple TV and Many More.
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