A password will be e-mailed to you.

Apple becomes world’s first trillion dollar company
Apple, the american multinational company has achieved a remarkable landmark by become world's first trillion dollar company.

Apple Computer
Pic Credits- Flickr

Apple, the American multinational company achieved a remarkable landmark of becoming the first company to hit 1 trillion dollars in marketing capitalization beating the likes of Amazon.

It became the first publicly traded company to reach that milestone.

Earlier this week, the stock of the company rose 3 percent following a strong quarter third performance, hitting the session high of $207.5 and at the close settling it down for $207.

With the stock reaching a session high of $207.05 helped Company to finish first in the race to one trillion. Previously investor’s were looking for a share price of $203.5, but the company’s stock rose after an unexpected sale growth in the third quarter.

The computer and mobile giant was co-founded by late Steve Jobs to sell personal computer’s in 1974.

Apple growth was also credited to its software and services department making sure that the company doesn’t remain a hardware company. Company’s services like App Store, AppleCare, Apple Pay, iTunes and cloud services posted a record quarterly revenue of $9.55 billion.

Amazon is also another company which is near to reach $1 trillion landmark having past $900 billion market value in July but Apple was the first company to past $900 billion, they did it back in November last year.

Comments

comments

No more articles

Send this to friend