A few days ago, it was announced that Apple was nearing the trillion dollar mark in terms of their market value. Most of the people reading this are probably on an Apple device right now or own at least one product they have offered. With the company pretty much taking over the world with the iPod and several subsequent revolutionary products, it’s no surprise that they have just become the first publically-traded company to be valued at over $1 trillion.
The massive evaluation was calculated when their stock surged even higher than it had in the past week, meaning that they racked in over $65 billion in just two days since they were being evaluated at $935 billion on July 31. Back in 1997, the feat they reached today seemed unimaginable as the Toronto Star writes that their stock was being traded at less than $1. The rise of Apple was brought forth by Steve Jobs’ innovative products in the iPod, iPhone, and others, revolutionizing the way we view technology today.
The race to a trillion dollar market race was viewed closely on Wall Street as insiders believed Amazon would be the first to reach the mark. Unfortunately for Jeff Bezos, their evaluation stands at a measly $874 billion compared to Apple. Congratulations to Apple for reaching this milestone!