Apple was made officially a trillion-dollar company on 2nd August, 2018 just shortly before late night on Thursday 2nd August, having in mind that the company nearly went bankrupt in 1990 Apple stock hit $207.05 a share in the stock market hence pushing its market capitalization value to one trillion dollars in value, furthermore making it the biggest public company in the world with about 482.9 million shares sold to investors and stake holders each at a value of $207 hence bringing up a total of 1 trillion dollars making it the first US company to hit that target.
This made Apple the second time a public company has ever reached the 1 trillion dollar milestone ever in the history since an oil and gas company in PetroChina made the trillion dollar mark just but for a short time in Shenghai Stock Exchange 2007.
Apple CEO Tim Cooks made an announcement to the employees saying that the company has hit a ‘major milestone’ and that it was so far the most important and measure in their success, and also referred to Apple co-founder Steve Jobs
Steve founded Apple on the belief that the power of human creativity can solve even the biggest challenges -- and that the people who are crazy enough to think they can change the world are the ones who do.
Apple has been dominating the smartphone market over the past few years but stiffly competing with Samsung and taking each other to court and also made a statement that the company has high hopes for the iPhones to be released this September.
Apple hits the trillion dollar market value
Reviewed by lucky
on
August 04, 2018
Rating:
Reviewed by lucky
on
August 04, 2018
Rating:
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