Connect with us

Hi, what are you looking for?

Stocks

Apple Makes Trillion Dollar History

Apple has made history as the first publicly traded company in the United States whose market cap is worth 1 trillion dollars. This news comes early this morning, as shares rose to $207.4 a piece. Additionally, the growth doesn’t seem to stop there, as investors are predicting an increase to continue as Apple launches more products and services that shy away from smart phones, such as their Apple Watch series. $250 billion of that market value came since April 2017 alone.

Previously, the first company that globally surpassed the trillion dollar mark was PetroChina in 2007, however in the last decade, the oil and gasoline company ended up losing over $800 billion in value. Apple, on the other hand, seems to only be growing. The recently released iPhone X, which has a price point of $1000 per unit, was one of the most popular phones that Apple sold.

If we look back to the humble beginnings of Apple when Steve Jobs and Steve Wozniak started the company in a garage in 1977, it looked like they could never compete with Microsoft. Now, they have a net worth larger than the top three Forbes Fortune 500 companies combined. Their biggest competitor, Amazon, failed to reach the mark first, but that won’t stop Jeff Bezos from continuing to push the boundaries of the largest online retailer to new heights as well.

You May Also Like

News

In the past year, Peloton, manufacturers of stationary exercise bicycles and treadmills, has been experiencing some severe financial difficulties. The company went through a...

News

While the ongoing supply chain problems affecting the global economy have had the expected effects, they’ve also had some decidedly unexpected effects. Specifically, many...

News

As gas prices continue to rise and consumer confidence drops, not to mention the ongoing war in Ukraine, the European economy is taking a...

News

As the environmental need for electric vehicles becomes more pressing, and the car-buying public becomes more eager for them, automotive manufacturers are getting ready...

News

This morning, Coinbase CEO Brian Armstrong sent a mass email out to his company informing everyone that, as stock and crypto prices slip and...

News

Last week, a former cybersecurity expert for Twitter, Peiter “Mudge” Zatko, released a whistleblower report on the social platform. In his report, Zatko cited...

News

Zelle is a peer-to-peer payment app and service that can be used by individuals to send and receive money, in a similar vein to...

News

Earlier this week, following the third-term victory of Chinese President Xi Jinping, market shares in Hong Kong experienced a sudden, violent sell-off. Xi’s controversial...