A trillion dollars is quite the achievement, especially for a company that makes products its buyers generally love. Apple reached the monumental record in August, but the story in 2018 didn’t end with a trillion bucks.
In the same year, Apple became the richest company to ever exist, it also forecasted poor iPhone sales for the first time in years and fell victim to a number of disconcerting controversies. It even quickly lost its top spot to Microsoft shortly after its record-breaking announcement. That’s just the kind of year it’s been for Apple.
Apple became the world’s first trillion-dollar public company, as a rise in its share price pushed it past the landmark valuation.
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, the day after it posted strong financial results. Apple’s share price has grown fourfold since Tim Cook replaced Jobs as chief executive in 2011.
The company hit a $1tn market capitalisation 42 years after Apple was founded and 117 years after US Steel became the first company to be valued at $1bn in 1901.
You Might Also LikeModi in Lok Sabha: PM attacks Congress, says individuals outside 'family' don't get acknowledgmentSpecialist records grumbling against creators of Kabir Singh; requests to quit screeningPak won their match 7 in both 1992 & 2019 World CupsRonaldo Juventus ,Ole Gunnar Solskjær to be MANU bossComebacks: Roger Federer ,Rafael Nadal,Novak DjokovicMary Kom becomes first female boxer to win 6 gold medals at World Championships
You May Like
Raspberry Pi 4 computer with dual display support launched
The Raspberry Pi 4 is here — and it's a magnificent redesign. Prior bits of gossip said that it would take some time before a noteworthy Raspberry Pi redesign, yet it's accessible beginning today.
Snapdragon 8cx Is Qualcomm's Latest Chip for Always-On, Always-Connect...
Qualcomm, the greatest provider of chips for cell phones, on Thursday pushed further into the PC advertise with a line of chips intended to control business machines.
US Army needs Microsoft's HoloLens headsets for combat zone
Virtual-and expanded reality headsets haven't had much footing in the buyer showcase, yet they're finding a place on the combat zone.
Xiaomi opens record 500 retail locations in a single day in rustic Ind...
New Delhi: Chinese gadgets major Xiaomi on Tuesday declared it has opened a record 500 retail locations in rustic parts of India.
Google Pixel 3, 3 XL deleting texts without consent: Reports
Users have reported that a bug in Google’s latest flagship Pixel 3 and 3 XL smartphones has been deleting their text messages without their permission.