Friday, Aug 17th

Last update05:20:13 AM GMT

You are here News Economy Apple makes history by becoming first company to reach $1 trillion market value

Apple makes history by becoming first company to reach $1 trillion market value

E-mail Print PDF
Apple becomes trillion dollar company

Apple, which already held the crown as the most-valuable company on earth, made Wall Street history Thursday when it became the first publicly traded corporation to reach a market value of $1 trillion.

Apple, whose stock is owned by investors ranging from billionaire Warren Buffett to mutual fund giant Vanguard to millions of working Americans through funds owned in their 401(k)s, passed the milestone days after reporting another stellar quarter, highlighted by a jump in revenue to $53.3 billion and the sale of 41.3 million iPhones.

The iPhone maker broke the $1 trillion barrier when its stock briefly hit the magic share price of $207.05, according to Nanex, which supplies market data to the financial industry. Online brokerage TD Ameritrade said the history-making trade occurred at 11:48 a.m. ET.

“Apple has gone where no company has gone before,” says Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.


Most Recent Related Stories...

CBO downgrades economic growth projection for 2018

CBO downgrades projections for 2018The U.S. economy will grow at 3.1 percent in 2018, according to updated projections by the...

Trump threatens to hit all $505bn of Chinese imports with tariffs

Trump threatens to hit all $505b in Chinese tariffs Donald Trump escalated economic global tensions on Friday, lashing out a range of targets that included...

Facebook stock drops 19%, loses $120 billion in value after warning that revenue growth will take a hit

Facebook stock plummeets Facebook Inc. is evidently not bulletproof. On Thursday, Facebook FB, -19.04% has lost about $120 billion in...

Trade war: Trump again threatens China with $200B in new tariffs

Trump threatens new tariffs on ChinaLast week, the United States formally imposed $34 billion in tariffs on Chinese products and Beijing...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!