Apple Rises to One Trillion Dollars in Market Capitalization

Apple, an American multinational tech company, recently made news after it reached 1 trillion dollars in market capitalization. The iPhone manufacturer, in a memo from CEO, Tim Cook to employees, said this major improvement was an important milestone to be happy about. However, it was not their major focus as a company.

The smartphone manufacturer, became the first company publicly listed to have reached a market capitalization of 1 trillion dollars. The tech giant reached a closing price of  $207.39. Apple Inc, in effect has its stock market value bigger than the total market value of Procter & Gamble, Exxon Mobil and AT&T.

Apple Inc was established in 1976 as a computing company by Steve Jobs, Ronald Wayne and Steve Wozniak. One of its co-founders Steve Jobs left the company only to return ten years later and save the company from going bankrupt. Twenty years later, Apple rises by helping the promotion of smartphones, another version of computing.