After flirting with the $1 trillion milestone since Tuesday night, when it announced a record third quarter with a 32 per cent jump in profit to $11.5 billion, Apple shares closed up 2.9 per cent at $207.39, above the $207.043 threshold. Along the way, it has changed how consumers connect with one another and how businesses conduct daily commerce.
In the two decades since, Apple has risen to become the most valuable company in the world by helping popularize yet another era in computing, the smart phone.
Apple is the first private sector company to reach this level.
When Jobs introduced the iPhone in early 2007, its touch screen, built-in music player, web browser and email capabilities started the smartphone revolution and left competitors like Motorola and BlackBerry in the digital dust.
A Forrester analyst said of the company, "Whether they stand alone or are acquired, Apple as we know it is cooked".
Apple generates billions from hardware sales: It had $29.9 billion in iPhone sales, up 20% year over year, for the June 30 quarter. Back in 1997, the feat they reached today seemed unimaginable as the Toronto Star writes that their stock was being traded at less than $1.
Le patron de l’EA Guingamp revient sur le départ de Briand
On a une convention homologuée par la Ligue signée par Montréal qui s'engage à nous verser des indemnités (300 000 euros). Et du côté de Guingamp, on pense que je suis parti... "Il me semble qu'il est toujours sous contrat avec Guingamp".
"It's certainly a tremendous achievement to create a company with a $1 trillion market cap", said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. It's since fallen slightly, but not enough to knock Apple back down into the billions.
Gold prices inched downward after Fed's upbeat assessment of the economy to the lowest price in more than a year as the dollar, which typically has an inverse relationship with gold, rose. Jobs passed away in October, 2011.
According to USA standard time, Apple hit the highest stock value around 11:30 am on Thursday morning, creating history in the United States stock market to become $ 1 trillion company. In its most recent quarter, Apple fetched an average price of $724 per iPhone - a almost 20 percent increase from an average of $606 per iPhone at the same time previous year. It's now the hub for a growing services business that the company hopes will pull in US$50 billion in revenue a year by 2021. Other tech giants are not far behind Apple today, with Amazon.com Inc., Alphabet Inc. and Microsoft Corp. worth more than US$800 billion each.
It's official: On Thursday, Apple became the first publicly traded U.S. company with a market capitalization over $1 trillion.
July 2008: Apple launches the online App Store to sell applications for the iPhone and iPod Touch.