6 days agoApple by the record: First company worth $1 trillion?
Periskopi(8 years ago)
(8 years ago)Apple is just a few steps away from making the first company in history worth $1 trillion, a symbolic target that shows how many technology companies are taking over in American stock exchanges. On Friday, Apple was estimated at over $940 billion, just 60 billion less than that figure that no other company [...]
Apple is just a few steps away from making the first company in history worth $1 trillion, a symbolic target that shows how many technology companies are taking over in American stock exchanges.
On Friday, Apple was estimated at over $940 billion, just 60 billion less than the figure that no other stock marketed company has ever attained.
Apple, however, is not the only technology company that is approaching trillions. Amazon, currently estimated at over $820 billion. But, for now, Apple is an undisputed leader. Even the famous investor, sceptical about technology, Warren Buffett, has put his stamp of approval on the company by buying 75 million shares and injecting additional confidence in technology titan.
When Steve Jobs died in 2011, many were concerned that the company would face difficulties. But under the direction of his own chosen successor, Tim Cook, the apple has already multiplied the value of that time. Apple, again, may not be the first company to cross a trillion mark.
The technology giant can be left behind by Aramco, the oil producer from Saudi Arabia, which can be estimated at about $2 trillion when it is released in the stock market next year. Taken together, Facebook, Apple, Amazon, Netflix and Google technology companies have a value of about $4 trillion, clearly dominant American stock exchange indexs.
