Apple becomes first trillion dollar US company

1 min


0

Shares in the maker of the iPhone X jumped 2.8% to as high as $207.05, passing the $1tn mark in New York trading.

Its stock has soared 9% since Tuesday when Apple’s third-quarter earnings exceeded Wall Street’s expectations.

The company, which was started by Steve Jobs in 1976, has transformed the way people communicate with its ubiquitous iPhone.


When the iPhone was introduced in 2007 it kicked off a smartphone revolution, leaving the giants of the mobile phone industry Nokia and Blackberry struggling for survival.

PetroChina, the world’s fourth biggest oil company by revenue, was the first company to pass the $1tn mark in 2007. It is currently worth about $220bn (¬£167bn) after the collapse of oil prices and the financial crisis.

More follows


Like it? Share with your friends!

0
DownTheWing

Legend

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format