SAN FRANCISCO (AP) – The Latest on Apple reaching a market value of $1 trillion (all times local): 9:15 a.m. Apple has become the…
SAN FRANCISCO (AP) – The Latest on Apple reaching a market value of $1 trillion (all times local):
9:15 a.m.
Apple has become the world’s first publicly traded company to be valued at $1 trillion.
The company reached the milestone Thursday after its shares rose to an all-time high of $207.05. They’re up 22 percent so far this year.
Apple has been the leader among a handful of companies that have used new technology to disrupt established industries over the past couple of decades. Amazon is the second most valuable company at $885 billion and Alphabet, the parent of search leader Google, is worth about $860 billion.
Apple ’s achievement seemed unimaginable in 1997 when the company teetered on the edge of bankruptcy, with its stock trading for less than $1.
