Apple is worth $1 trillion less than a year ago, but is still the most valuable company in the world.

January 3, 2022 Mansana set a milestone by becoming the first company to reach a $3 trillion valuation. However, yesterday, January 3, 2023, its shares fell 3.7%, bringing its market capitalization to just under $2 trillion. Curiously, despite being worth $1 trillion less than a year ago, remains the most valuable company in the world.

The drop in Apple’s valuation was especially sharp in the last quarter of 2022. Until early October last year, the Cupertino-based company had a market capitalization of $2.35 trillion. But the problems in China caused by outbreaks of COVID-19, which mainly affected the production of the iPhone 14 Pro, played a decisive role in this story.

Up to the point that they could undesirably affect the next financial results of the Californian company, both in revenue and in net profit. In fact, experts believe that could break a streak of 14 straight quarters.

Of course, Apple’s valuation has taken a big hit over the past year. However, the company is doing much better than other large corporations. According to the fee Financial Times, Cupertino shares have lost 27% of their value during 2022 compared to the Nasdaq Composite’s 33% drop. The latter is a stock index that brings together almost all companies listed on the Nasdaq, mainly from the technology sector.

So, while it’s far from $3 trillion today, Apple is still the most valuable company in the world. Both inside and outside the field of technology.

Apple’s valuation compared to other major corporations

Photo: Apple.

Today Apple’s estimate is $1.98 trillion. Of course, this is something that changes daily depending on its performance in the stock market. If its share price rises, it could quickly return to the $2 trillion mark. If he continues to fall, there is a possibility that sooner or later he will lose his scepter. But let’s not get ahead of the facts.

The second most valuable company in the world is the Saudi oil company. Aramco, which is known to many for its extensive sponsorship of Formula 1. Its market capitalization is $1.85 trillion. In third place is Microsoft ($1.78 billion), and the top 5 closes alphabetparent company Google ($1.15 billion) and Amazon ($875,000 million).

While other major technologies further and further away from Apple’s valuation. Without a doubt, the most high-profile cases are those of Tesla and Meta. Elon Musk’s electric car company has a market capitalization of just over $341,000,000,000. a very low figure considering it was worth over $1 trillion in October 2021. The collapse of its shares, especially due to the behavior of the mogul after the purchase of Twitter, in the last quarter was brutal.

Whereas Mark Zuckerberg’s firm is worth $331,000 million today. Like Tesla, it was once valued at over $1 trillion in August 2021, but that didn’t last long. Scandal Facebook Documentsthe loss of active users on Facebook and a relentless push through the metaverse has played a critical role in its market cap dropping by more than 60% over the past year.

The challenge of a great 2023

But going back to Apple, 2023 will be crucial to find out if it stays at the top of the global appraisal rankings. Beyond what the following financial results suggest, the Cupertino-based firm is facing several product issues this year. From the launch of new Macs with Apple Silicon and the possible introduction of USB-C in the iPhone 15, to the rumored debut of the highly anticipated mixed reality headset.

Will this be enough to keep breaking records at the stock market level? So far it’s hard to know. although the context is far from the best. Regardless, Apple forever retains the honor of being the first publicly traded company to reach a $1 trillion valuation (2018), the first to surpass $2 trillion (2020), and the only one to exceed a $3 trillion valuation. trillion (2022). And the last one is something that obviously no other company today is able to reproduce.