Apple marked its 49th anniversary by reaching a market capitalization of $3.3 trillion. Despite recent tech stock volatility, Apple's shares surged 28% in 2024.
Apple reached a market capitalization of $3.3 trillion on Monday, 49 years after its founding.
Despite recent volatility in tech stocks due to US trade policy uncertainty, Apple's shares rose 28% in 2024. The company's valuation increased from $2.6 trillion in March 2023 to $3.3 trillion.
Founded on April 1, 1976, by Steve Jobs, Steve Wozniak, and Ronald Wayne, Apple started with the "Apple I" computer. The company was incorporated as "Apple Computer" in 1977. The 1984 release of the "Macintosh" revolutionized personal computing with its graphical user interface and mouse support.
The 2001 launch of the "iPod" transformed the music industry, and the 2007 release of the "iPhone" reshaped the smartphone market. In 2007, Apple dropped "Computer" from its name, reflecting its broader electronics focus, and launched the "iPad" in 2010.
In June 2024, Apple introduced "Apple Intelligence," featuring context-based notifications, AI-generated visual content, and cross-application task automation. This helped Apple reclaim its top spot as the most valuable company amid competition with Microsoft and Nvidia.
The AI-enabled iPhone 16 was unveiled in September 2024, followed by the lower-cost iPhone 16e in February 2025.
However, Apple's market share shrank due to competition from Chinese companies. iPhone sales fell 1% to $69.1 billion in the last quarter of 2024, and global smartphone shipments dropped 0.9%.
Apple's global market share declined from 20.1% in 2023 to 18.7% in 2024, though it retained its lead in the global smartphone market.
Brussels has fined Apple and Meta over €700 million combined, launching its first crackdown under the Digital Markets Act aimed at curbing big tech’s power and boosting competition in the digital economy.
Apple and Meta have been fined €500 million and €200 million respectively by the European Union for breaching the bloc’s new Digital Markets Act, escalating tensions in the transatlantic tech trade dispute.
Apple has airlifted 1.5 million iPhones from India to the U.S. to avoid Trump’s steep China tariffs, using chartered flights and fast-tracked customs clearance in Chennai as it boosts Indian production and shifts its global supply chain.
In response to the recent imposition of substantial U.S tariffs on Chinese imports, several American companies are actively relocating their manufacturing operations to mitigate financial risks and maintain competitive pricing.
The EU is preparing to rule on Apple and Meta’s alleged breaches of the Digital Markets Act, potentially issuing fines as it seeks to curb Big Tech’s dominance and reinforce fair competition across the digital landscape.
President Donald Trump said on Tuesday he believes Russian President Vladimir Putin wants to end the war in Ukraine, even as missile strikes continue across the country.
President Vladimir Putin has signed a decree renaming Volgograd International Airport as Stalingrad, invoking Soviet wartime memory as Russia continues its war in Ukraine.
European Commission President Ursula von der Leyen on Tuesday invited global scientists to make Europe their new home, amid rising pressure on U.S. universities under the Trump administration.
North Korea has conducted the first weapons test on its new “Choe Hyon-class” warship, firing cruise missiles, anti-air missiles, and artillery, state media reported on Wednesday.
Pakistan’s Information Minister Attaullah Tarar said on Wednesday that India is planning a military strike within the next 24 to 36 hours, citing credible intelligence.
Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least twelve people and injuring 90, including children and a pregnant woman, according to Mayor Vitali Klitschko.
In an expansive interview marking his first 100 days back in office, President Donald Trump sketched out an agenda that touches everything from punitive tariffs and China policy to cease-fire hopes in Ukraine and an overhaul of domestic programmes. Below are the highlights.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 23rd, covering the latest developments you need to know.
For three generations, the Liebigs built railcars in Görlitz. Now, the factory that shaped their lives will produce parts for battle tanks.
A deadly explosion at Iran’s Bandar Abbas port has left at least 40 dead, with more than 1,200 people injured, state media reported on Sunday, halting operations at one of the country’s most vital trade hubs.
Online retail platform Temu has begun adding steep “import charges” of around 145% to orders shipped to the United States, a direct response to President Donald Trump’s newly imposed tariffs on Chinese goods, CNBC reported.
Saudi Arabia and Qatar have agreed to settle Syria's $15 million arrears with the World Bank, allowing the institution to resume grants for the country's reconstruction and support for its public sector.
IMF and World Bank meetings in Washington left global finance leaders with more questions than answers on the economic impact of U.S. tariffs. Discussions on trade and debt concerns highlighted growing uncertainty, as markets worry about the broader economic fallout.
President Donald Trump on Thursday signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.
Uzbekistan and Iran have agreed to establish a Joint Business Council aimed at fostering development of business ties and facilitating the resolution of issues between entrepreneurs from both countries.
President Donald Trump said on Tuesday he believes Russian President Vladimir Putin wants to end the war in Ukraine, even as missile strikes continue across the country.
President Vladimir Putin has signed a decree renaming Volgograd International Airport as Stalingrad, invoking Soviet wartime memory as Russia continues its war in Ukraine.
European Commission President Ursula von der Leyen on Tuesday invited global scientists to make Europe their new home, amid rising pressure on U.S. universities under the Trump administration.
North Korea has conducted the first weapons test on its new “Choe Hyon-class” warship, firing cruise missiles, anti-air missiles, and artillery, state media reported on Wednesday.
Pakistan’s Information Minister Attaullah Tarar said on Wednesday that India is planning a military strike within the next 24 to 36 hours, citing credible intelligence.
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