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Apple Is Now World's First $1 Trillion Company
By: Tupaki Desk | 3 Aug 2018 6:22 AM GMT
Apple reached a great milestone. This reputed company achieved a rare feat of crossing $1 trillion in value on Thursday when it's stock reached all-time high ($208.38).
A company co-founded by Steve Jobs did manage to set this new benchmark in 42 years. When it was listed on December 12th 1980, Share value of Apple was just $0.51. The stock value has increased by over 50,000 percent by now.
Revenue generation of Apple is mostly dependent on iPhones, iPad and Mac Computers. Though experts kept saying Apple need to introduce new products for to prevent decline of profits, Huge Sales of iPhone 8 and iPhone X in markets like China and Japan helped it reach $1 trillion mark.
Amazon, Google and Microsoft shares surged close to record highs in 2018. While Amazon is worth $900 billion, Google and Microsoft are worth more than $800 billion.
A company co-founded by Steve Jobs did manage to set this new benchmark in 42 years. When it was listed on December 12th 1980, Share value of Apple was just $0.51. The stock value has increased by over 50,000 percent by now.
Revenue generation of Apple is mostly dependent on iPhones, iPad and Mac Computers. Though experts kept saying Apple need to introduce new products for to prevent decline of profits, Huge Sales of iPhone 8 and iPhone X in markets like China and Japan helped it reach $1 trillion mark.
Amazon, Google and Microsoft shares surged close to record highs in 2018. While Amazon is worth $900 billion, Google and Microsoft are worth more than $800 billion.
