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Chart showing: Apple Market Cap (2010–2024)

Apple Market Cap (2010–2024)

Apple, currently the world's most valuable brand, has continually redefined technological innovation and today commands market dominance like no other.

From smartphones to web browsers, its groundbreaking products have a strong influence over global consumers’ daily lives. This is reflected in the company’s growing market capitalization over the years. In this post, we’ll look at Apple’s market cap from 2010 to 2024, highlighting its significant milestones and growth trajectory.

Apple’s market cap: Highlights

  • As of June 2024, Apple’s market value is $3.2 trillion.
  • In 2010, Apple was worth $297 billion.
  • From 2010 to 2023, Apple increased its company value tenfold, rising at an average annual growth rate of 23.4%.

Apple’s market cap over time (2010–2024): Table

Year

Apple’s market cap

Annual change

2010

$297 billion

+55.6%

2011

$378 billion

+27.1%

2012

$500 billion

+32.4%

2013

$501 billion

+0.2%

2014

$643 billion

+28.4%

2015

$584 billion

-9.3%

2016

$609 billion

+4.3%

2017

$861 billion

+41.4%

2018

$746 billion

-13.3%

2019

$1,287 billion

+72.6%

2020

$2,255 billion

+75.2%

2021

$2,901 billion

+28.6%

2022

$2,066 billion

-28.8%

2023

$2,994 billion

+44.9%

2024 (as of June 2024)

$3,205 billion

+7.1%

How much is Apple worth in 2024?

As of 2024, Apple is worth an astounding $3.2 trillion, an all-time high for the tech company. This also marks a 7.1% increase from the previous year, showcasing Apple's consistent growth despite the fluctuating global market.

Apple’s market cap history and milestones

Apple’s market cap history reveals an incredible journey of growth and adaptation. In 2010, the company was worth $297 billion, less than one-tenth of its current value. Here are some significant market capitalization milestones Apple has reached over the past 15 years.

  • 2010–2014: Apple’s market cap climbed steadily over this period, growing from $297 billion to $643 billion at an average annual growth rate of 28.7%. This period was marked by the success of the iPhone and iPad, driving substantial revenue growth.
  • 2015–2016: A 9.3% decline in 2015 was quickly offset by a rebound in 2016, where Apple maintained its market cap at around $600 billion.
  • 2017–2019: Apple’s market cap saw significant growth, particularly in 2019, with a 72.6% increase as the company’s value climbed toward $1.3 trillion. This period included the expansion of services like Apple Music and the App Store.
  • 2020–2021: The COVID-19 pandemic did not slow Apple’s momentum. In fact, 2020 marked a 75.2% surge, the largest annual increase between 2020 and 2024, which propelled its market cap to nearly $2.3 trillion. By 2021, Apple’s value reached $2.9 trillion, after a 28.6% annual increase.
  • 2022–2024: Despite a drop in 2022, brought on by market conditions that also affected other tech firms, Apple quickly recovered. Its market value surged by 44.9% in 2023, to $3 trillion. As of June 2024, the company’s value is an all-time high of $3.2 trillion.

Apple’s market cap in comparison

To put Apple’s market cap in perspective, we need to take a look at the current values of its largest tech competitors.

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