On the stock market, its value almost doubled in five years and last year it became the first trillion-dollar company, albeit briefly.
Which is why the iPhone maker’s dramatic fall from grace this week created such profound shock waves.
On Thursday its shares plunged 10 percent, knocking nearly £60billion (R1.06 trillion) off the market value after it warned that sales of iPhones and other devices were falling below expectations.
But the big question for investors now is whether this is an opportunity to snap up shares in Apple for less - or whether there is worse to come.
Chief executive Tim Cook blamed an economic slowdown in China for the disappointing sales.
That left shareholders wondering whether they can still rely on the tech titan to add money to their savings. Their ranks include many small UK investors who have bought shares directly or through an investment fund.
As Cook suggested, luxury goods companies including Apple rely increasingly on China’s middle class to buy their products.
His warning that this audience might be tightening the purse strings wiped billions of pounds off companies such as Burberry and Kering, which owns Gucci.
Nasty surprise though it was to many, Cook’s bombshell did not come completely out of the blue.
Apple had warned its revenues for the first quarter would be about £70bn, lower than expected. On Thursday, that fell to £67bn.
Some saw it coming. HSBC analyst Erwan Rambourg had downgraded Apple from “buy” to “hold”. He said: “Nearly 35 years after Apple’s 1984 hardware revolution, another one is needed.” In his view, it is “too late to sell, too early to buy”, as it is changing from a fast-growth business to one with stable or even low revenue growth. But some think the drop in the shares could present investors with a canny buying opportunity.
Atlantic Equities analyst James Cordwell says Apple appears to have indicated to shareholders that although the iPhone has driven stellar growth for a decade, that has ended. But he added: “Consumers are not abandoning Apple’s ecosystem, just upgrading phones less often. This creates the opportunity for a new chapter in the growth story, focused on selling services to its loyal customers.”
He envisages a possibly volatile ride in the short term as the company shifts emphasis from selling iPhones to focus on sales of music and cloud storage.
He added: “We believe the company will ultimately successfully reorientate, bringing rewards for shareholders with the patience to stick with their investment through the transition.”
Apple has £187bn of cash in reserves. Excited observers have speculated some of this could be returned to investors through special dividends or share buybacks. It announced a £79bn buyback last year.