Apple hit a $1 trillion market cap on Thursday, making the iPhone maker the first publicly traded U.S. company to reach the record valuation.
Apple, the world’s largest information technology company by revenue, which almost went out of business in the late 1990s, became the first U.S. company to be valued at over $1 trillion on August 2, 2018. Apple’s iTunes Store is the world’s largest music retailer. Apple is the world’s second-largest mobile phone manufacturer after Samsung.
Apple’s worldwide annual revenue totaled $229 billion for the 2017 fiscal year; and over one billion Apple products are actively in use worldwide. Apple has experienced a high ranking for brand loyalty; but has also received criticism for business and environmental practices, cheating customers on battery life and planned obsolescence of products, holding back on full features and necessary specifications for standard product use, anti-competitive behavior, questionable acquisition of source materials, and horrible labor practices among its contractors.
Apple just became the first publicly traded U.S. company to clinch a $1 trillion market cap, but some analysts are already doubting whether its shares can keep climbing at the same pace. https://t.co/0D0FUHU9Sv
— CNBC (@CNBC) August 2, 2018
Apple share gains push company to $1 trillion milestone https://t.co/mYubpgGyWp pic.twitter.com/8XOv9QGZpx
— Bloomberg (@business) August 2, 2018
BREAKING NEWS: Apple becomes $1 trillion company, briefly $AAPL https://t.co/JCykCnFA5l
— FOX Business (@FoxBusiness) August 2, 2018
Apple became the first U.S. company to be worth $1 trillion https://t.co/70wboc2fQl
— FORTUNE (@FortuneMagazine) August 2, 2018
Apple just became the first US company to hit a trillion dollar market valuation. @samuelcnn reports https://t.co/orXtkeh0uf pic.twitter.com/nzwLRchLFk
— CNNMoney (@CNNMoney) August 2, 2018
^^ MOBILE? USE VOICE MIC ^^
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BREAKING NEWS: #Apple becomes first trillion dollar company. pic.twitter.com/2SX3FLN7ks
— Fox News (@FoxNews) August 2, 2018
Apple just became the first American company to cross $1 trillion in value https://t.co/uOjFqLVoKY pic.twitter.com/UOdrclQ0jD
— CNN (@CNN) August 2, 2018
Apple becomes first trillion dollar US company https://t.co/5CjSXsUJT7
— Sky News (@SkyNews) August 2, 2018
Apple just became the first US company to hit a trillion dollar market valuation. @samuelcnn reports https://t.co/orXtkeh0uf pic.twitter.com/nzwLRchLFk
— CNNMoney (@CNNMoney) August 2, 2018
LATEST: Apple becomes 1st trillion-dollar company – https://t.co/nJT6AGOhBr pic.twitter.com/SpqmKo4ZZb
— ABC 7 Chicago (@ABC7Chicago) August 2, 2018