On Thursday, 2nd August 2018 Apple Inc. became the first ever trillion dollar company. The market value of Apple Inc. is $1 trillions now. The milestone moment, when the shares of Apple company reached $207.05 in intraday trading in New York.Apple has left all the tech giants like Microsoft Corp., Amazon.com Inc. and Alphabet Inc. behind but they are not so far away as the worth of these companies is more than $800 Billions each.
How Apple Inc. became first Trillion Company
Now the business founded by Steve Jobs and his pal Steve Wozniak in a Los Altos garage in 1976 truly stands alone. Apple Inc.’s market capitalization was a paltry $3 billion when Jobs returned to the wounded company in 1996. Steve came as an interim CEO and turned to its opposition Microsoft for a 150 million cash infusion to help pay its bills.
Mr. Steve Jobs intorduced iPhone and iPods which help the company to be stable. Now, it’s $1 trillion. Apple could lose its lead to the likes of Alphabet Inc or Amazon.com Inc if it does not find a major new product or service as demand for smartphones loses steam.
Also check Apple Homepod