Apple became the first private-sector company to surpass $1 trillion in market value Thursday following its latest surge after reporting strong quarterly earnings.

Shares of Apple briefly hit $207.05 in late-morning trading, before retreating somewhat. The gains came after the iPhone maker reported strong earnings late Tuesday that prompted a two-day rally in the share price.

The company’s stock was at $206.85, up 2.7 percent near 1620 GMT. Apple said it currently has 4.83 billion shares outstanding.

As with other landmarks — such as the Dow crossing 25,000 for the first time — the Apple record is significant because of its resonance beyond the financial universe.
“The $1 trillion mark is more psychological, and sends a message of growth and size into the market,” said Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.
But many financial insiders view the record as a non-event, despite breaching the psychological barrier.
“There’s no real excitement on the trading desk,” said Karl Haeling of LBBW. “It’s one of those things that does not mean anything by itself… it’s more a testimony of the importance of Apple on the market.”
The landmark is the latest victory for Apple chief executive Tim Cook, who faced skepticism when he took reins of the iconic technology giant in 2011.
– Credit to Cook –
He took over after the death of founder Steve Jobs, who was identified with launching many of Apple’s most iconic products, including the iPhone smartphone and the iPad tablet.
But Cook has gradually won accolades from investors by pumping out a series of solid financial results and further spreading Apple’s products to China and other foreign markets.
On Tuesday, Apple reported that net profit jumped more than 30 percent to $11.5 billion. Revenue in the fiscal third quarter soared 17 percent to $53.3 billion from the same period a year earlier due to sales of pricier iPhones, online services and wearable devices.
The record also cements the continued supremacy of US technology companies to the broader market, with other large technology giants Amazon, Google-parent Alphabet, Microsoft and Facebook regularly rounding out the top five in market
Apple is the first private sector company to reach this level, but state oil company PetroChina briefly broke the $1 trillion barrier in 2007 during its initial public offering, but has since dropped back down.

http://www.akelicious.net/2018/08/apple-becomes-1st-private-company-worth.html

USA and their imaginary wealths

Scams giving themselves hype

So apple is worth more than Samsung? ....please how is that possible

mrvitalis:
USA and their imaginary wealths

Scams giving themselves hype

So apple is worth more than Samsung? ....please how is that possible

I tire o, imaginary wealth indeed. How many people in the world even use apple products?
Americans can blow things out of proportion...
The 1 trillion they are talking about is intangible o.
In reality all these claims are just bogus hypes, that CANNOT be translated to real/physical/tangible value and worth.
The other day facebook "lost" 120 billion just like that...
Americans always project their assets (real and virtual), but never mention their liabilities.
They are the most indebted nation on earth - their debt is in many many trillions of dollars & is still growing.
Some economists have even confirmed that they can NEVER repay their debts...

The most deceived people in the world live in USA.

mrvitalis:
USA and their imaginary wealths

Scams giving themselves hype

So apple is worth more than Samsung? ....please how is that possible

how will you say a company worth $1trillion and be earning 11 billion dollars. it is just an imaginary wealth.

a pure water hawker in Lagos will buy 1 bag for #100 and sell each piece for #10 making a profit of #100 per bag is better than all these imaginary wealth.

I dnt hv time to quote those questioning apple's claim. My question to the is, "how much do you think d Dangote group worth?"

They achieved this through core competencies not through government sponsored monopoly like you know who...

That is unbelievable, but it can be real. Apple is a forerunner among others.

http://www.omoluabipoint.com

This is magnificent feat nonetheless. Steve Wozniak would have had crazy worth if he didn't sell his shares in the early 90s and Steve Jobs would have been the richest man on earth if he was still alive. Microsoft(Bill Gates) could be in a corner wondering, what if I didn't help Apple with my money when it almost folded up. 

Some Apple fans/users will use this as bragging rights despite not having any shares with the company. 

Kudos to Apple but they need to be innovative again after years to playing catch up. Amazon should be next, this is the effect of capitalist system. The rich gets richer 

N.B Petrochina did hit one trillion dollars first and that was over a decade ago.

Good

mrvitalis:
USA and their imaginary wealths

Scams giving themselves hype

So apple is worth more than Samsung? ....please how is that possible

samu dey sell thier copy copy fone well for sufferhead countries like your own, in wealthy nations, that is countries where most of the inhabitants can afford to spend large amounts on brand new phones yearly samzung falls behind, these are well known facts that you can confirm in 60 seconds by typing a few words on your second hand samumg device, expand your horizons, there is a world out there that you know nothing about

iker:


samu dey sell thier copy copy fone well for sufferhead countries like your own, in wealthy nations, that is countries where most of the inhabitants can afford to spend large amounts on brand new phones yearly samzung falls behind, these are well known facts that you can confirm in 60 seconds by typing a few words on your second hand samumg device, expand your horizons, there is a world out there that you know nothing about

Same Samsung build 70% of the parts of iPhone

Is iPhone built in the USA? Lol you better learn