Apple has officially become the world’s first and only trillion dollar publicly traded company.
Apple achieved this milestone by hitting a stock price of $207.05 and above in intraday trading today, giving it a market cap slightly over $1,000,000,000,000, based on its 4,829,926,000 outstanding shares as of July 20, 2018, which the company disclosed in its quarterly 10-Q filing with the SEC on Wednesday.
Apple beat out other large tech firms, including Amazon, Microsoft, and Google parent company Alphabet, to achieve this milestone.
The milestone is a testament to the strength of Apple, which has already been the world’s most valuable company for several years. Aside from 2016, which is now an outlier, Apple has been steadily increasing its revenue and profits since 2003, fueled by the massive popularity of products like the iPhone and iPad.
Stay tuned for additional details as they become available.
Via MacRumors