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|Apple Is Now The First Ever US Company To Worth $1trillion by Giovanni2332(m): 5:18pm On Aug 02, 2018|
The iPhone maker achieved that big number on Thursday when the stock passed $207.04 a share. Apple is now up more than 20% this year.
Shares surged after Apple reported earnings that topped forecasts and a healthy outlook on Wednesday.
Even though some think Apple (AAPL) needs a new product to keep sales and profits booming, Apple has rallied past the trillion level thanks to solid sales of the iPhone 8 and X -- particularly in China and Japan -- and surging services revenue from the App Store.
Related: Apple is showering its investors with cash
Apple is benefiting from investor euphoria surrounding the tech sector broadly as well -- and it could soon have company in the trillion dollar club.
Amazon (AMZN), Google owner Alphabet (GOOGL) and Microsoft (MSFT) have all rallied to near record highs this year, too. Amazon is worth nearly $900 billion while Google and Microsoft are each now worth more than $800 billion.
Apple is not the first publicly traded company in the world to surpass the trillion dollar mark though.
Oil giant PetroChina (PTR) briefly topped a trillion dollar valuation in 2007 when its stock began trading in Shanghai, but shares quickly plunged afterward. PetroChina, which is also listed on the New York Stock Exchange, is now worth about $205 billion.
|Re: Apple Is Now The First Ever US Company To Worth $1trillion by ictjobber: 5:20pm On Aug 02, 2018|
see my signature
|Re: Apple Is Now The First Ever US Company To Worth $1trillion by daylae(m): 5:31pm On Aug 02, 2018|
Not even Google or Microsoft. When will any Nigerian company reach a milestone as this.
|Re: Apple Is Now The First Ever US Company To Worth $1trillion by Giovanni2332(m): 5:41pm On Aug 02, 2018|
Let buhari leave office first
|Re: Apple Is Now The First Ever US Company To Worth $1trillion by slawomir: 7:07pm On Aug 03, 2018|
it is a shame apple don't have a certified house in Nigeria where as they have it in Egypt and South Africa
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