Write For Us

Apple becomes first public U.S. company worth $1 trillion


Shares of Apple are reflected by a ticker on the Nasdaq Monday. Thursday, the shares rose to more than $207, making the public U.S. company the first to reach a $1 trillion market capitalization. Photo by John Angelillo/UPI

By Susan McFarland, UPI

Apple crossed into history on Wall Street Thursday, becoming the first publicly-traded company to reach a trillion-dollar market capitalization.

[post_ads]The milestone occurred after second-quarter earnings this week topped Wall Street expectations and pushed shares higher than 5 percent. Thursday, shares jumped on the Nasdaq to $207.05 at one point, a price that translated to a $1 trillion market cap based on the estimated number of outstanding shares.

Amazon, which some analysts believed would be first to hit the milestone, was worth $879 billion Thursday -- second only to Apple.

Apple, which produces about 40 million iPhones every quarter, hauled more than $254 billion in revenue last year. Shares of Apple stock have climbed nearly 40,000 percent since its initial public offering in 1980.

Passing the $1 trillion makes Apple worth more than the gross domestic product of all but 27 major countries -- including Argentina, the Netherlands, Sweden and Switzerland.


Note: If you think this story need more information or correction, feel free to comment below your opinion and reaction.
Like & Follow to Stay Updated ...


Alabama,1,Arizona,1,Barack,1,California,3,Colorado,1,Connecticut,1,Crime,531,Florida,1,Franc,1,Hawaii,8,Illinois,1,Los Angeles,2,Massachusetts,3,Mississippi,1,New York,130,U.S.,1558,Washington,4,
U.S. - U.S. Daily News: Apple becomes first public U.S. company worth $1 trillion
Apple becomes first public U.S. company worth $1 trillion
U.S. - U.S. Daily News
Loaded All Posts Not found any posts VIEW ALL Read More Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy