Financial fruit: Apple becomes first trillion-dollar publicly-traded company

Apple is the first $1 trillion company in history

Apple hits the $1T milestone

After becoming the first $1 trillion publicly-listed United States company on Thursday, Apple last traded up 0.1 percent at $207.57 (roughly Rs. 14,200) after falling as low as $205.48 (roughly Rs. 14,000) and as high as $208.74 (roughly Rs. 14,300), as it oscillated around the $207.0425 price that marked the record market cap.

Some anti-tech activists will nearly surely use the historic achievement as further evidence that the tech titans need to be shackled with regulation or broken up into more manageable pieces.

The price of Apple moved above $207.04 and in the process, took the market capitalization to $1 trillion.

Cook has put a focus on digital content and services, positioning Apple to make money from music, movies, apps, subscriptions and more - all sold to the vast "install base" of people using devices made by the company.

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"Financial returns are simply the result of Apple's innovation, putting our products and customers first, and always staying true to our values", Cook wrote. It did not reach the $100 billion mark until May 2007, but five years later the technology giant reached a value of $500 billion. That company is now worth about $205 billion.

But there's no law against a company being worth more than $1 trillion.

Indeed, as we pointed out yesterday, the company managed to grow its revenue by a whopping 17 percent year-over-year to a total of $53.3 billion in the third quarter of 2018.

The tech titan on Thursday became the first company in the world to reach a $1 trillion valuation. The Company boasted a revenue of $61.1 billion, a 15% increase from the year-ago quarter.

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Apple's stock chart today, showing a market cap of $1 trillion.

Daniel Morgan, portfolio manager at Synovus Trust in Atlanta, said Apple's lukewarm Friday was a temporary pause for the stock rather than a sign it could lose ground. One of his biggest coups came in 1998 when he lured a soft-spoken Southerner, Tim Cook, away from Compaq Computer at a time when Apple's survival remained in doubt.

Apple has beaten other rival companies including Amazon, Microsoft, and Alphabet. With the company pretty much taking over the world with the iPod and several subsequent revolutionary products, it's no surprise that they have just become the first publically-traded company to be valued at over $1 trillion. So who's going to pay for it?

Apple has argued in court that the designs of its products are as much its intellectual property as are the hardware and software that go into them.

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