Apple's Market Capitalization in 2016
In 2016, Apple's market capitalization reached roughly $500 billion, making it one of the most valuable companies worldwide. Market cap is calculated by multiplying the share price by the total number of outstanding shares.
Revenue and Profit Highlights
Apple reported total revenue of about $215 billion in fiscal year 2016. Net income came in around $45 billion, driven by strong iPhone sales and services growth.
Cash Reserves and Financial Position
Apple held over $200 billion in cash and short-term investments in 2016. This liquidity supported dividends, share buybacks, and continued investment in research and development.
For detailed financial data, see Apple's official investor relations page at https://investor.apple.com.
