Apple Becomes 1st Company to Hit USD 1 Trillion Mark on a Public Stock Market - TeknoGadyet
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Friday, August 3, 2018

Apple Becomes 1st Company to Hit USD 1 Trillion Mark on a Public Stock Market

Apple has become the first company to reach USD 1 trillion market cap after gaining 2.92% stock.

Apple Becomes 1st Company to Hit USD 1 Trillion Mark on a Public Stock Market
Apple Becomes 1st Company to Hit USD 1 Trillion Mark on a Public Stock Market

The company tapped the USD 1 trillion mark when its stock hit USD 207.05 per share. As a recap, Apple projected a strong Q3 earnings, allowing them to surpass their market expectations. The brand has also made a strong forecast for its upcoming Q4 earnings.

With this, Apple was able to beat Silicon Valley rivals including Amazon and Microsoft to become the first brand to hit the USD 1 trillion market cap.

See Also: Samsung Tops Global Smartphone Market while Huawei Beats Apple in Q2 2018 – IDC

In 2007, iPhone first went on sale. Through this, Apple shares bloomed by 1,100%, and have increased almost a third in the past year.

What can you say?

Source: The Verge, CNBC, Business Insider, BBC

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