I Need The Answer For Both 2003 And How Much
IBM holds a dominant position in the global technology market, leading in servers, middleware, business transformation services, and strategic outsourcing. Its market value as of December 2023 is $147.88 billion, making it the world's 80th most valuable company. It has consistently performed well, with an average stock price of $45.61 in 2003 and ranking in the top 20 on Forbes' list of the world's most valuable brands in 2018. Its market value is determined by multiplying its outstanding shares by the current market price. IBM generated over $61 billion in revenue in 2022 and has seen an increase in sales every year. Its stock price on April 4th, 2003 was $80.79, indicating that it was slightly undervalued. In 2017, its stock price saw a return of 7.72%. The market is expecting a 6% increase in sales for IBM in 2004.
In 2003, IBM's market value was influenced by its performance and standing within the technology sector. During this time, its stock price was approximately $80.79. Fast-forwarding to the present, as of December 2023, IBM's market value is approximately $147.88 billion, marking it as the 80th most valuable company globally. IBM's strong performance has been underscored by its consistent revenue growth, surpassing $61 billion in 2022. This growth trajectory and the company's promising market positioning have contributed to its enduring value in today's market.
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