iPhone maker Apple has become the first US company to reach $1 Trillion market capitalisation. According to Bloomberg, the shares rose 2.9 percent to close at $207.39 in New York on Thursday, propelling the consumer-technology giant’s market value to $1.002 trillion. The consumer tech giant reached the trillion-dollar milestone just with a share price of $207.05.
Given the volatile nature of the stock market, Apple may not stay a $1 trillion company for very long, or it could bounce back and forth over the $1 trillion mark in the coming days.
Other US names to watch out for in the next couple of months are with Amazon.com Inc., Alphabet Inc. and Microsoft Corp. worth more than $800 billion each.
Apple is not the first company to hit this mark globally. PetroChina Co. briefly crossed the trillion-dollar mark in late 2007.
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