Apple Is Now a $1 Trillion Company (Again)

Apple is once again worth over $1 trillion, after the company’s shares went up 6 percent on Wednesday following the latest earnings report.

This is the second time Apple reaches the $1 trillion threshold, after previously becoming the first tech company to be worth that much. Microsoft also touched the same milestone earlier this week.

Apple stock jumped 6% in early trading to be priced at $212.68 before ending with a 4.91% increase and pushing the total value of the company to $969 billion.

Microsoft was still worth more than Apple at the end of the day with $980 billion market capitalization, but the Cupertino-based tech giant surpassed Amazon, which has long been considered the next big name reaching $1 trillion.

As for the reasons behind Apple’s increase, it’s mostly the performance of the company’s product portfolio except for the … (read more)

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Juniya Sankara

Juniya Sankara

A web developer, programmer, MacOS fanatic. I also love comic books, sports and I enjoy researching history facts. My role on MacHeat.com is to make sure everything works 24/7.