The first trillion dollar company

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The first trillion dollar company

The iMac to iPhone company, co-founded to sell personal computers by the late Steve Jobs in 1976, reached the historic milestone as its shares hit $207.05 in August 2018. Apple’s share price has grown fourfold since Tim Cook replaced Jobs as chief executive in 2011.

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The company hit a $1tn market capitalization 42 years after Apple was founded. Apple’s astounding recent performance has left rivals in the competitive technology sector trailing in its wake.

Recent higher sales of the expensive iPhone X gave investors more confidence in the company. Company CEO, Tim Cook, thinks the strong results were not only driven by strong sales of iPhones, but also because of the strong demand for wearable devices and services.

Will this magic figure make any difference? it will struggle to keep up with its own success. The fabled trillion dollar trophy can only bring more scrutiny and even higher expectations.

 

Harmeet Kaur

TheZquotes

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One thought on “The first trillion dollar company

  1. me suba says:

    9nrBIe Way cool! Some very valid points! I appreciate you penning this article plus the rest of the site is extremely good.

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