Apple Becomes First Company To Reach $1 Trillion Value!

That’s trillion…like…with a T.

By Admin on August 2, 2018

(Photo by Justin Sullivan/Getty Images)

No real surprises here, but Cupertino based tech company Apple is now the first publicly traded US company to be valued at $1,000,000,000,000!

CNN Money reports, “The iPhone maker achieved that big number on Thursday when the stock passed $207.04 a share. Its new all-time high is $208.38. Apple is now up more than 20% this year.

Shares surged after Apple reported earnings that topped forecasts and a healthy outlook on Wednesday.

Even though some think Apple (AAPL) needs a new product to keep sales and profits booming, Apple has rallied past the trillion level thanks to solid sales of the iPhone 8 and X — particularly in China and Japan — and surging services revenue from the App Store.”