So, Apple’s worth $1TRILLION, yes you read that right, Apple’s worth $1TRILLION!! (We have to say it $1TRILLION because even we can’t fathom how much money that is!)
Apple have become the world’s first company to hit the $1TN mark after it’s stock soared on theback of some excellent financial results. It wasn’t before a slight delay though as the stock app on Apple’s iPhone jumped the gun a little before it was officially announced that they had broken through the ceiling. For those wondering what $1TN looks like with lots of zeros, well it’s a lot. $1,000,000,000,000. That’s many many MANY zeros!
The impressive stock value was due to the biggest gain in over 18months for apple. Rising above the $207.04 a share threshold to tip them over the edge into Trillion dollar territory. This is a 5.89% rise from the close of $201.50 last Wednesday. The rise in stock is reportedly due to impressive sales of iPhone X’s, Macbook Pro’s and other expensive products on Apple’s product line.
Apple’s worth $1TRILLION is arguably down to the market changing iPhone. Which has been a decade since the fist one was released and now we can no longer imagine a non smart smartphone. Apple’s worth $1TRILLION marks the company’s shift from a small player in the computers market to a global electronics powerhouse. Selling a whole range of goods from smartwatches, hi-fi’s, phones and of course computers. All from a company that was started 42 years ago. Originally based in a small garage by Steve Jobs and Steve Wozniak too!
Before the boom
All this seems very impressive, but it was in 1997 when Apple were very close to bankruptcy with stock falling as low as $1. It wasn’t until the company hired back, (after firing) Steve Jobs as the interim CEO. The company then asked Microsoft for a $150million cash infusion to get Apple back on it’s feet. Then, the rest is history.
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