's (NASDAQ: AAPL) standing as one of the most dominant and culturally influential businesses on the face of the planet didn't happen overnight. The consumer electronics and software company has a successful history that spans many decades.

With this FAANG stock up more than 48,000% in just the last 20 years, it has undoubtedly turned some investors into millionaires. In fact, a $2,100 share purchase in February 2004 would be worth just over $1 million today (as of Feb. 5). What an impressive return!

But at a current market cap of $2.9 trillion and a price-to-earnings ratio of 29.2, can Apple help prospective investors become millionaires in the future?

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Source Fool.com