Apple is the first USA company worth $1 trillion (AAPL)

Apple is the first USA company worth $1 trillion (AAPL)

Apple has become the world's first public company to be worth $1 trillion. Apple briefly hit the $1 trillion mark before falling back below it amid fast-moving trade.

That price translates to a $1 trillion market cap, based on the current estimated number of outstanding shares.

August 2018: Apple surpasses $1 trillion in stock market value. The company also boosted its revenue from services, including Apple Music and the app store.

Before the release of the iPhone, Apple was reporting revenue of less than $20bn and profits of less than $2bn from the sale of its Mac personal computers in 2006.


Here's a surely non-exhaustive list of our coverage of Apple under both Steve Jobs and Tim Cook-from the end of the 1990s up until now.

But Cook has gradually won accolades from investors by pumping out a series of solid financial results and further spreading Apple's products to China and other foreign markets. By a year ago, its sales had grown more than 11-fold to $US229 billion - the fourth highest in the S&P 500 - and net income had mushroomed at twice that rate to $US48.4 billion, making it the most profitable publicly-listed United States company. Apple is now up more than 20% this year. Amazon had the second-largest United States market cap as of Wednesday, at roughly $872.5 billion. On Thursday, Apple stock touched the all-time high value of $ 207.05 per share.

"The organic growth of these so-called steady-eddie companies is nowhere near that of Apple", [Cramer] said of the consumer packaged goods plays.

The company, which was started in a garage in Palo Alto by Steve Jobs and Steve Wozniak in 1976, has transformed the way people communicate with its ubiquitous iPhone.

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