,

Apple Crosses $1trn Market Value


Late Steve Jobs, Founder of Apple

Global tech giant, Apple has crossed the $1,000,000,000,000 (trillion) market value.

The iPhone makers have just became the first American public company and second in the world  after Chinese owned Oil giant, PetroChina (PTR)  to cross that mark.

This huge number was reached on Thursday after the company’s stock passed $207.04 a share, its new all-time high is $207.05.

Although Wall Street says the stocks could go even higher, sales of the iPhone 8 and X and revenue from the App Store is majorly behind Apple’s trillion dollar market value.

Other tech giants which include Amazon (AMZN), Google owner Alphabet (GOOGL) and Microsoft (MSFT) have all rallied to near record highs this year, too. Amazon is worth nearly $900 billion while Google and Microsoft are each now worth more than $800 billion.

 

Written by Prince Simeon

Goldenchyld is the Head Publicist and Blogger at Hypestation Nigeria. He has interest that cuts across lifestle, tech, music and other things that affect everyday living. Follow him on Twitter @goldenchylduno and @goldenchyld_ on Instagram

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.