Apple became the first $1 trillion publicly listed United States company on Thursday, leading a rebound in technology stocks and pushing the benchmark S&P 500 and the Nasdaq higher.
August 2018: Apple surpasses $1 trillion in stock market value. It was Apple's best-two-day run since April 2014.
Started in the garage of co-founder Steve Jobs in 1976. Along the way, it has changed how consumers connect with one another and how businesses conduct daily commerce.
Apple's stock market value is greater than the combined capitalization of Exxon Mobil, Procter & Gamble and AT&T. It now accounts for 4 percent of the S&P 500.
The Silicon Valley stalwart's stock has surged more than 50,000 per cent since its 1980 initial public offering, dwarfing the S&P 500's approximately 2,000-per cent increase during the same nearly four decades.
One of three founders, Jobs was driven out of Apple in the mid-1980s, only to return a decade later and rescue the computer company from near bankruptcy.
If someone had dared to buy $10,000 worth of stock at that point of desperation, the investment would now be worth about $2.6 million.
Colorado police fatally shoot armed homeowner who killed intruder
Neighbors told reporters that the man killed by police was a long-time resident of the neighborhood, a grandfather, and a retiree. Police also discovered that they mistakenly shot the resident of the home, who used his firearm to kill the suspected intruder.
Consider the plight of Exxon Mobil, which was the most valuable USA company five years ago.
Apple Chief Executive Tim Cook said on Thursday that the iPhone maker's $1 trillion market capitalization was "not the most important measure" of the company's success but was instead a result of its focus on its products, customers and company values. 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 a year ago. Recently, some of his older clients have bought Apple shares for their grandchildren.
The shares are up 22 percent so far this year.
The recent rally in Apple's stock contrasts sharply from a deep downturn in the fortunes of two social media companies, Facebook and Twitter that offer some of the most popular apps used on iPhones and other mobile devices.
"There's optimism now that the U.S. style of threatening tariffs may ultimately come to fruition in a deal", said Brad Neuman, director of market strategy at Alger, a growth equity asset management firm in New York City. More than $600 billion of Apple's current market value has been created in that time.
SAN FRANCISCO Apple has become the world's first publicly traded company to be valued at $1 trillion.