Tech giant Apple has become the first U.S. company to top $1 trillion in market value. The company also boosted its revenue from services, including Apple Music and the app store. Along the way, it has changed how consumers connect with one another and how businesses conduct daily commerce.
This makes Apple worth more than the economies of countries such as Saudi Arabia, Switzerland and Taiwan. It now accounts for 4 percent of the S&P 500. Although Apple is the first to do so, Google's parent company Alphabet, Microsoft, and Amazon all have genuine chances at reaching a $1 trillion market capitalization. That's because it failed to take into account an updated share count which meant that AAPL had to pass $207.05 to officially qualify for the $1 trillion mark.
That price translates to a $1 trillion market cap, based on the current estimated number of outstanding shares.
The rise is even more astonishing - 50,000% - since the company first listed in 1980. Jim Cramer, for example, recently argued that Apple shares could start approaching $300.
"We still see upside from it, and as new money gets deposited we continue to buy, preferably on the dip", Carbone said.
Can full of praise for Klopp after Liverpool exit
The signing of Fabinho will be a great addition to the squad as his height and experience can be vital for the Reds this season. The two young full-backs, Andy Roberston and Trent Alexander-Arnold, have performed exceptionally well in the previous season.
Mourinho: We are not a team
When you're still starting Chris Smalling and Phil Jones as a central defense pairing in a cup game, it's time for an upgrade. So against Leicester and Brighton the situation is not wonderful for us.
Uber, Lyft suspend driver who secretly live streamed hundreds of passengers
But the company did tell CNN its community guidelines "do not allow people to share content that invades others' privacy". Regardless, Uber said Gargac's behavior was a breach of their standards and suspended him while they investigated.
Its shares have increased more than 2.5 per cent so far this afternoon, bolstered by positive quarterly results for the Cupertino company in which it smashed analyst expectations. Since then 18 different iPhones have been launched and more than 1.2bn of the devices have been sold. Amazon had the second-largest United States market cap as of Wednesday, at roughly $872.5 billion.
Apple shares rose over three percent on a strong earnings report published earlier this week.
The tech giant's stock jumped 2.8% to as high as $207.05 in afternoon trading in NY.
At the time of writing, Apple has already retreated from the $1 trillion valuations, and the fate of the last company to reach $1 trillion may be an object lesson to investors. It is now worth about $200 billion, according to Thomson Reuters data.