The market has been buzzing about Apple’s $1 trillion market valuation.
It’s an incredible amount of wealth creation in any context – but getting to 12 zeros is especially impressive when you consider that Apple was just 90 days from declaring bankruptcy in 1997.
Today’s chart shows this milestone – as well as many of the ones before it – through a period of over 200 years of U.S. market history. It was inspired by this interesting post by Global Financial Data, which is worth reading in its own right.
MARKET CAP MILESTONES
Over the last couple of centuries, and with the exception of brief moments in time such as the Japanese stock bubble of 1989, the largest company in the world has almost always been based in the United States.
Here are the major market cap milestones in the U.S. that preceded Apple’s recent $1 trillion valuation, achieved August 2nd, 2018: