Apple becomes world's 1st publicly traded trillion-dollar company

Apple is the first $1 trillion company in history

During the day, the share price of the iPhone maker jumped by 2.8% to $207.05, passing the $1tn (£762bn) mark in NY trading. The stock has risen more than 21% so far this year, its latest rally coming after it reported strong revenue and profit gains Tuesday as demand for high-price iPhones.

Apple on Wednesday stated in a regulatory filing that as of July 20, 2018, the company had 4,829,926,000 shares, said Howard Silverblatt, a senior index analyst with S&P Dow Jones Indices. On Thursday, Apple stock touched the all-time high value of $ 207.05 per share.

How do you like them apples?

The company's fortunes were turbocharged by the launch of personal gadgets such as the iPod in 2001 and the iPhone in 2007. The company estimated a healthy revenue stream of between $60 billion and $62 billion with low operating costs of just $7.95 billion to $8.05 billion.

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This intelligence has been backed up by satellite images that appear to show activity at a known uranium-enrichment facility. Trump asserted last week that his administration's plan to dismantle North Korea's nuclear weapons is "going very well".

Cook has consistently touted innovations in the pipeline at the famously secretive company.

Apple is benefiting from investor euphoria surrounding the tech sector broadly as well - and it could soon have company in the trillion dollar club.

That said, the competition's continued success doesn't lessen the significance of today's milestone - a capstone to the company's meteoric rise to power over the last decade after a period of near-death in the '90s.

Still, even if it's only a temporary achievement, it's an achievement nonetheless, especially given the fact that other tech companies have seen their values stagnate or outright fall recently.

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The peak reached on Thursday seemed unimaginable in 1997 when Apple teetered on the edge of bankruptcy, with its stock trading for less than $1.

Apple's cult following is largely credited to Kawasaki, who coined the phrase evangelism marketing, a strategy that helps companies get customers to believe so strongly in a product that they try to convince others to buy it.

Apple reached one trillion dollars 42 years after it was founded.

Another company, Saudi Arabian Oil Co. could eclipse Apple if it goes through with plans for an initial public offering. Apple services like the App Store and Apple Music have grown consistently, and consumers have been taking to new products like the Apple Watch, which debuted in 2015 and has made Apple the biggest watchmaker in the world by revenue, according to research firm Asymco.

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