Apple Becomes The First US Company To Reach $1 Trillion Market Cap

Apple has become the first publicly-listed company with a market cap of $ 1 trillion dollars (about Rs 68 lakh crore) on Thursday. Apple’s share fell on Thursday, but soon the stock increased steadily. Due to the surge in the stock, the market cap of the company rose to $ 1000 billion.

In such a case, Apple has become America ‘s first and world’s second company to reach a trillion dollars. Earlier this year, the market valuation of PetroChina reached at this level in Shanghai’s stock market in November 2007.

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In 2007, PetroChina Company touched the figure of $ 1 trillion in market cap. In one day the company came down from this market cap. By March 2008, it had come to $ 500 billion.

Since becoming a listed company in 1980, Apple has so far increased 50 thousand per cent. Although Amazon and Alphabet are not too far away from Apple. Amazon ‘s market cap ($ 879 billion) and alphabet market cap is $842 billion.

In 1976, Steve Jobs, Steve Wozniak and Ronald Wayne founded Apple Company to create personal computers . Apart from this, the company has launched many other products such as iPhone, iPad, Mac Mini, i-Pod, iTunes, Smartwatch. At the moment, the company made such a move that companies like Samsung, Intel, Microsoft, Nokia jerked into Apple’s all-product market.

(Nilesh) Editorial Staff

Nilesh is an budding journalist with broad, deep experience in print and online writing, publication and site management, news coverage, and editorial team management.