Apple just became a $1 trillion company
1:49

Apple just became a $1 trillion company

Tech Industry
[MUSIC] [APPLAUSE] Apple is worth a trillion dollars, or at least it was for a few moments. The stock briefly hit the magic number of $207.05 on Thursday, and the shareholders were all about the dollar dollar bills, y'all. Hey. Apple shares the limelight with the only other public company that's hit the trillion dollar mark before, Petro China which does oil and gas. But that was way back in 2007, and it was only sitting pretty on the Shanghai stock exchange for a short while. It's since lost around 800 billion dollars in market value. The other company that's potentially worth even more than Apple is Saudi Aramco, the oil and energy company. Reports suggest it could be worth up to two trillion dollars. But unlike Apple, because it's a private company, there's no way to know for sure. Now let's put this trillion dollars Into perspective. Only 15 countries in the world are worth more, if you look at GDP or gross domestic product. All things. considered, this is a serious turnaround for a company that almost went bankrupt in the late 1990s. There was an investment from arch-rival Microsoft, followed by a string of hit products like the iMac, the iPod, and the iTunes store. In more recent years, the iPhone became a bestseller. Apple projects the last quarter of 2018 will also end on a high note. The company expects revenue between 60 and 62 billion dollars. But, other tech companies are nipping at Apple's heels. Amazon is hovering around the 877 billion dollar mark. While Alphabet AKA Google's parent company is around $854 billion. That's a whole lot of zeros. For more on the latest tech news, go to Cnet.com.

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