Apple becomes first publicly traded US company to reach $1 trillion market value
Love them or hate them, Apple is a huge player in the technology market. On Thursday, the company managed to reach new heights, when they became the first ever American company to hit the trillion dollar threshold. Stock prices for Apple jumped nearly 3% in the previous quarter, pushing the individual share value to $207.39, which let the company make history. The business behind the iMac and iPhone and other array of "iProducts" beat competitors and other titans like Alphabet, Microsoft, and Amazon to be the first of them to get to that goal, though Amazon is close behind, and may reach a similar valuation soon.
Apple was founded in 1976, where Steve Jobs would go on to create computers to compete with Microsoft, and then take part in the smartphone revolution of the late 2000's. Their new CEO, Tim Cook, took over for Steve Jobs after his passing, helping the company's share prices grow to over 2000%.