Apple Is the First US 🇺🇸Company Worth $1 Trillion

Apple on Thursday become the first US company worth more than $1 trillion on a public stock market.
The company on Tuesday reported second-quarter earnings that topped Wall Street’s expectations, sending shares surging by more than 5% into Wednesday. The rally continued on Thursday, propelling shares to the magic number of $207.05. That price translates to a $1 trillion market cap, based on the current estimated number of outstanding shares.

In the more than four decades since Steve Jobs founded the company in a California garage, Apple has become nearly synonymous with personal computing and mobile devices. After launching the iPhone — arguably its most famous product — in 2007, Apple now churns out over 40 million of the devices every quarter, helping it rake in $254.63 billion in revenue last year.
Adjusted for splits, Apple’s stock price has risen nearly 40,000% since its initial public offering in 1980.

Find this post informative or interesting? Then share and comment your thought. Don’t forget to Subscribe to our updates by email or with your favorite browser.

Leave a Reply

Your email address will not be published. Required fields are marked *