Apple Becomes First Company to Reach $1 Trillion Worth

Apple has become the world's first trillion dollar company

Apple is the first $1 trillion company in history

Apple also released a kit for developers to create augmented-reality experiences on iPhones or iPads, saying that "overnight iOS became the biggest AR platform in the world".

August 2018: Apple surpasses $1 trillion in stock market value. Indeed, although Apple does provide some limited ad-targeting capabilities based on App Store and News app usage, its heavy pro-privacy stance has led marketers to complain that it doesn't collect enough data on its customers for their liking, leaving advertisers feeling like "second-class citizens".

Apple has just won the race to be the first one trillion dollars publicly traded tech company after it's share price passed $207.04 a share today.

The tech titan on Thursday became the first company in the world to reach a $1 trillion valuation. It's gonna be a moment to remember. Apple is the first United States company to reach that lofty level.

As bullish as Jackson is on Apple, he admitted China ー and consumers in other countries ー may stunt the company's growth because the iPhone faces competition from cheaper smartphones.

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But given Apple's fundamentals and its reasonable valuation, the trillion-dollar market cap looks a lot more like a milestone than it does a wall. And with shares priced at just 15.2 times expected earnings, the market has adjusted to the new reality.

One of five USA companies since the 1980s to take a turn as Wall Street's largest company by market capitalization, Apple could lose its lead to the likes of Alphabet Inc GOOGL.O or Amazon.com Inc AMZN.O if it does not find a major new product or service as global demand for smartphones loses steam.

PetroChina was briefly worth about $1.1 trillion after floating in Shanghai in 2007, although most of its shares were held by the Chinese government.

Markets.com chief analyst Neil Wilson said that Apple's growth showed that they shifted away from relying on heavy iPhone sales. On Thursday, Amazon's market capitalization was around $874 billion. It did not reach the $100 billion mark until May 2007, but five years later the technology giant reached a value of $500 billion. In fact, while the company's iPhone earnings for the quarter grew 20% year-over-year because of higher smartphone ASPs, Apple's services revenue grew 31% year-over-year as the company has been expanding its offerings for some time now.

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