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)