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Apple Passes The $1 Trillion Mark
Apple is the first U.S.-based business to be worth $1 trillion.
The company surpassed the giant valuation on Thursday, August 2 as its stock hit $207.05 in midday trading. While some people believe that Apple needs to introduce a new product, its iPhone 8 and iPhone X helped to increase its stock by 12% this year. Warren Buffett’s Berkshire Hathaway has 75 million Apple stocks, making it its largest stock holding.
Other technology companies are nearing the mark as well, with Amazon trailing close behind at more than $870 billion, and Google’s parent company, Alphabet, valued at nearly $845 billion. But, they won’t be the first to pass the milestone. In 2007, PetroChina briefly surpassed $1 trillion, but then its stock quickly plunged.
Trading made it happen for the iPhone maker…how about them Apple(s)?!
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