Apple became the world’s first trillion-dollar public company on Thursday
Apple just turned into the primary American public company to cross $1 trillion in value.
The tech titan on Thursday turned into the first company in the world to reach a $1 trillion valuation.
It turned into the first $900 billion company exactly nine months ago, on Nov. 3, 2017.
The iPhone producer accomplished that huge number on Thursday when the stock passed $207.04 a share. Its new all-time high is $208.38.
Shares hit $207.05, the day after it posted strong financial results.
Apple is currently up over 20% this year.
Despite the fact that some think Apple (AAPL) needs another item to keep profits booming, it has mobilized past the trillion level on account of strong Sales of the iPhone 8 and X – especially in China and Japan – and surging income from the App Store.
Amazon (AMZN), Google Owner Alphabet (GOOGL) and Microsoft (MSFT) have all encouraged to achieve the same record this year, as well.
Amazon is worth about $900 billion while Google and Microsoft are each now worth more than $800 billion.
Apple is not the first publicly traded company in the world to exceed the trillion dollar mark though.
Oil giant PetroChina (PTR) quickly surpassed the trillion dollar valuation in 2007 when its stock began trading in Shanghai, but shares quickly fell later.