Apple Becomes First Company to Reach $1 Trillion Worth

Apple becomes first $1 trillion publicly listed US firm

Apple Becomes First Company to Reach $1 Trillion Worth

Apple said it now has 4.83 billion shares outstanding. And with shares priced at just 15.2 times expected earnings, the market has adjusted to the new reality.

So maybe in 50 years, we'll all be living in houses we bought from Amazon and filled with Google, Apple and Microsoft products.

Apple wasn't the first company to the $1 trillion market-cap mark.

Passing the $1 trillion makes Apple worth more than the gross domestic product of all but 27 major countries - including Argentina, the Netherlands, Sweden and Switzerland. The price ticked up to $207.05.

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While Apple should do well in the near future, it is also true that share prices can go down as well as up.

More recently, Apple has been in a race to $1 trillion with Seattle-based e-commerce giant Amazon, which is now valued around $879 billion. But that peak coincided with a Chinese stock-market bubble, and PetroChina's shares would lose $800 billion in value over the next 10 years.

The Masters of the Obvious over at Gartner this week confirmed what has been obvious for years, noting that Microsoft is number two in cloud services behind market leader Amazon.

There were concerns why Alphabet may not win this race (it did not), according to an article published on, well, the Nasdaq, where it is traded.

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"At the core, I think Apple's biggest revolution has been putting consumer experience first and making technology simple", said Creative Strategies analyst Carolina Milanesi.

"Our view on tariffs is they show up as a tax on the consumer and wind up resulting in lower economic growth; and sometimes can bring about significant risk of unintended effect", Cook said during an earnings call. It has dipped after reaching the milestone and trades at $206.09 now. The Company boasted a revenue of $61.1 billion, a 15% increase from the year-ago quarter.

Facebook, meanwhile, plunged further at fourth, thanks to over $120 billion being wiped out last week after its earnings report and the lingering effects of the Cambridge Analytica data scandal. So who's going to pay for it?

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