Apple is the first $1 trillion company in history

Apple is the first $1 trillion company in history

Apple is the first $1 trillion company in history

After becoming the first $1 trillion publicly-listed US company on Thursday, Apple last traded up 0.1 pct at $207.57 after falling as low as $205.48 and as high as $208.74, as it oscillated around the $207.0425 price that marked the record market cap.

The answer is nearly certainly yes.

Apple is officially the first American company to hit a $1 trillion valuation.

Apple is the first US company to reach $1 trillion in market value - arguably the first company ever - and even left-wingers like Alexandria Ocasio-Cortez and Bernie Sanders should think that's pretty awesome.

Past year its sales hit $229bn, with profits of $48.4bn, making it the most profitable listed U.S. company. As a company gets bigger, its growth rate tends to slow down. It's the difference between adding $1 million in sales and $100 billion in sales.

Mega-cap tech giants like Amazon, Microsoft, and Google's parent, Alphabet, were also in the race to $1 trillion, but none could beat Apple in the end.

Unstoppable Q3 2018 earnings that passed both Apple's own internal estimates along with analysts' estimates.

Apple's new record worth proves an incredible turnaround from the brink of bankruptcy the firm found itself only two decades ago.

But the phenomenal success of the iPhone led competitors to mirror certain features like touch-screens featuring rows of colorful icons - and prompted Apple to pursue those competitors in court.

"Strong brands have clients who are simply disinterested in alternatives - and that's where Apple's strength lies". It's a trend the analyst expects to continue to accelerate through next year and beyond.

While Apple was hovering just beneath the historic 13-figure number since late July, it wasn't until earlier this morning after stocks rose 2.7% to $207.05 - the highest in company history - that it became official.

Higher average selling prices equal higher profit margins, by the way. "We believe our [calendar 2019] estimates could prove conservative, as new iPhones could drive a stronger replacement cycle than the initial iPhone X", wrote Walkley on Wednesday, referring to the 10th anniversary phone at the top of the lineup.

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