Apple isn’t the first company to hit $1 trillion market value

Its Official, Apple has become the first one trillion dollars publicly listed U.S company started in steve jobs garage in 1976. Apple evolved from selling Mac personal computers to launching the iPhone in 2007 and becoming an architect of the mobile revolution along the way it developed a cult-like following its stock has surged more than 50,000 percent since its 1980 initial public offering.

Now Apple stock market value is greater than those of Exxon Mobil, Procter & Gamble, and AT&T combined. The iPhone maker has also pushed its revenue beyond the economic outputs of Portugal, New Zealand, and other countries.

Apple is a multi-pronged company from the standpoint that they’re also involved in e-commerce they do play a role in the e-commerce ecosystem. They are clearly part of the technology revolution and they continue to stay at the forefront of what customers want not even if they’re aware of what they actually need but they still want the global demand for smartphones is losing steam.

Analysts say Apple could lose its lead to the likes of alphabet or Amazon if it doesn’t find a major new product or service soon.

Correction: PetroChina Co. crossed $1 trillion in market value back in November 2007, when its mainland shares almost tripled in value in their Shanghai trading debut.


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