Apple Breaks Record: First Trillion Dollar Company In US History
Tech giant Apple, Inc., made history late Thursday morning when it crossed the threshold to become America’s first “trillion dollar company.” With an individual share price of $207.05, Apple reached the milestone just before 11 am ET.
BREAKING: Apple becomes first publicly traded company to be worth $1 trillion. https://t.co/fRjnpMGcn6
— The Associated Press (@AP) August 2, 2018
The day was a bit of a roller coaster for many following the company’s historic milestone, beginning when an update failure led to dozens of outlets misreporting that Apple had met that $1 trillion dollar mark much earlier than it actually did.
It’s happened – Apple has just become the first trillion dollar company ($1,000,328,885,760 to be precise, on current share price)
— Christian May (@ChristianJMay) August 2, 2018
Apple just became the first ever US company to hit a market cap of $1 trillion. Yay, capitalism! pic.twitter.com/qU5mmf4YsK
— Clay Travis (@ClayTravis) August 2, 2018
Apple just became a *trillion* dollar company. You know how much that is? A trillion seconds is 31’000 years ago. A trillion $1 would go twice as high as the Space Station. If you spent $1 million a day since Jesus was born, you’ve not spent a trillion yet. A trillion is a LOT
— Rob AF. (@RobForbesDJ) August 2, 2018
— The Hacker News (@TheHackersNews) August 2, 2018
— Fox News (@FoxNews) August 2, 2018
— scott budman (@scottbudman) August 2, 2018
Apple may not stay over that $1 trillion mark through Thursday’s closing bell, but even reaching it for a split second is a historic accomplishment.
Follow Virginia on Twitter.