Technology giant Apple celebrates its 45th anniversary and CEO Tim Cook took to Twitter to remember Steve Jobs and thank you to everyone at Apple. The company was founded by Steve Jobs, Steve Wozniak and Ronald Wayne on April 1, 1976.
“As Apple celebrates 45 years today, I remember Steve’s words many years ago:” It’s been an amazing journey so far, but we barely started. “Thank you everyone in our Apple family for everything you have done to make life better. For the next 45 years and beyond,” he said Apple CEO Tim Cook.
Apple’s market value hit a whopping $ 2 trillion last November and is now the world’s most valuable publicly traded company. Analysts believe the rating – although symbolic – shows that Apple has done really well, even in the face of a global pandemic. Interestingly, Apple doubled its rating in just two years. Apple hit the $ 1 trillion mark in August 2018 and hit the $ 2 trillion milestone in 2020 just over two years later.
Aside from devices, the Apple Services business has also worked wonders for the company. The service business – which includes the App Store, Apple Music, and Apple Care, among others – has doubled sales in the past four years and is expected to exceed more than $ 45 billion.
Apple is no longer just about iPhones and Macs. The Apple Watch and AirPods earbuds are the best-selling devices worldwide in their respective categories.
Cook celebrated in a memo on Apple’s 43rd birthday in 2019 that market capitalization of $ 1 trillion is “not the most important measure” of the company’s success, but rather a focus on its products, customers and company values should be attributed.
“Financial returns are simply the result of Apple innovating, putting our products and customers first and always true to our values,” Cook said in the 2019 memo.