Apple at $1 Trillion: By 2019, Apple May Be Worth $1.4 Trillion

Adjust Comment Print

The tech giant's stock jumped 2.8% to as high as $207.05 in afternoon trading in NY.

The stock has risen more than 21 per cent this year and an eye-watering 50,000 per cent since it became a public company in 1980.

He launched the iPhone in 2007, dropping "Computer" from Apple's name and super-charging the cellphone industry, catching Microsoft Corp MSFT.O , Intel Corp INTC.O , Samsung Electronics Co Ltd 005930.KS and Nokia off guard. Jobs returned the next year, and the company got back to making innovative and elegant consumer products: from iMac to iPod to iPhone.

While Apple is without any doubts ahead of other US-based high-tech companies in terms of market cap, it is not the world's most expensive firm per se.

The feat has of course been a race because the stock market's top 10 is now dominated by tech companies, with Amazon topping $900 billion in market cap and Google and Microsoft worth more than $800 billion. The mighty one $1 trillion valuation of Apple is no more a dream for Tim Cook and Team.

More news: Mugabe says he will not vote for successor Mnangagwa
More news: Jérôme Boateng to Manchester United?
More news: Remains of U.S. Soldiers Returning Home From North Korea

Today Apple passed a significant milestone.

Stock markets are volatile, and a small but growing threat from Chinese smartphone makers might eat into Apple's margins in the coming years.

The milestone also means that Apple is worth more than just about any country on the planet, there are only 16 that it is worth less than. Apple on the other hand is the first non-state-owned company to reach this stratospheric valuation on its own merits without implicit government guarantees or backing.

"Alphabet's pace of growth simply isn't as impressive as Amazon's and Apple's". That's not only fair; it's a more sustainable approach, too, and perhaps even admirably old-fashioned. The Company boasted a revenue of $61.1 billion, a 15% increase from the year-ago quarter.

Apple isn't safely ahead of everyone else yet, Amazon is now valued at around 900 billion and is closing in on a trillion steadily as well. Here's one: today, Apple became the first U.S. company to surpass a total market capitalization of $1 trillion (trillion as in a thousand billions).