Apple Is Now The World's 1st Trillion Dollar Company In History

It’s finally happened, Apple has clawed its way to a $1 trillion market cap, making it the first company to ever achieve the feat in history.
This comes on the back of stable iPhone sales, coupled with the success of its services like Apple Music.

Just earlier this week, Apple released its earnings report for Q3 2018, which showed higher than expected revenue. The company made a whopping $53.3 billion this quarter, $1 billion higher than expected, with a total of $11.5 billion profit.
Aside from fairly stable iPad and Mac sales, Apple sold 41.3 million iPhones in Q3, despite how much more expensive the iPhone X compared to previous models. In addition, the company expects revenue in the fourth quarter to be even higher, between $60 billion and $62 billion.
It’s a clear demonstration that fans will continue to flock to the company’s offerings, which in turn has contributed towards pushing up the value of Apple’s shares.

According to NASDAQ, Apple's share price briefly touched the magical $207.05 mark, a record high for the company. And that's all it took to take Apple's market cap beyond the $1 trillion mark.

But it was just a couple of months ago that experts believed the number two company would take Apple’s place at the top. At the time, Amazon was predicted to zoom past Apple to be the first $1 trillion company, on the backs of ever-growing sales and expansions. And yet here we are.
It’s unclear if Apple will be able to hold onto its title forever however. After all, in the last 40 years other major corporations have held onto and fallen off the highest market cap podium, including Microsoft, IBM, and General Electric. Right now, Amazon is sitting at a $874.54 billion market cap, with Alphabet at $852.33 billion, and Microsoft at $822.93 billion.

About Apple -->>

Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976 to develop and sell Wozniak's Apple I personal computer. It was incorporated as Apple Computer, Inc. in January 1977, and sales of its computers, including the Apple II, saw significant momentum and revenue growth for the company. Within a few years, Jobs and Wozniak had hired a staff of computer designers and had a production line. Apple went public in 1980 to instant financial success. Over the next few years, Apple shipped new computers featuring innovative graphical user interfaces, and Apple's marketing commercials for its products received widespread critical acclaim. However, the high price tag of its products and limited software titles caused problems, as did power struggles between executives at the company. Jobs resigned from Apple and created his own company, NeXT.

Formerly
Apple Computer Company
(1976–1977)
Apple Computer, Inc.
(1977–2007)
Type
Public
Traded as
NASDAQ: AAPL
NASDAQ-100 component
DJIA component
S&P 100 component
S&P 500 component
ISIN US0378331005
Industry
Computer hardware
Computer software
Consumer electronics
Digital distribution
Semiconductors
Fabless silicon design
Corporate venture capital
Founded April 1, 1976; 42 years ago
Founders
Steve Jobs
Steve Wozniak
Ronald Wayne
Headquarters 1 Apple Park Way, Cupertino, California, U.S.
Number of locations
500 retail stores (2018)
Area served
Worldwide
Key people
Arthur D. Levinson (Chairman)
Tim Cook (CEO)
Luca Maestri (CFO)
Jeff Williams (COO)
Jony Ive (CDO)
Products
Macintosh iPod iPhone iPad Apple Watch Apple TV HomePod macOS iOS watchOS tvOS iLife iWork Final Cut Pro Logic Pro
Services
Apple Pay Apple Store iTunes Store App Store Mac App Store iBooks Store iCloud Apple Music
Revenue Increase US$229.234 billion[1] (2017)
Operating income
Increase US$61.344 billion[1] (2017)
Net income
Increase US$48.351 billion[1] (2017)
Total assets Increase US$375.319 billion[1] (2017)
Total equity Increase US$134.047 billion[1] (2017)
Number of employees
123,000[1] (2017)
Subsidiaries
Shazam Texture FileMaker Inc. Anobit Braeburn Capital Beats Electronics Beddit Apple Energy, LLC Apple Sales International[2] Apple Worldwide Video[3] Apple Services[4]
Website apple.com