NY Post

Wow! One Company Just Became the First Ever to Be Worth a Trillion Dollars

Aug 2, 2018  •  Post A Comment

See if you can guess which company just became the first in the world to reach a $1 trillion valuation. The New York Post reports that Apple accomplished the feat today, nine months after it became the first ever to reach $900 billion, back on Nov. 3, 2017.

“The iPhone maker entered the rarefied air of a 13-digit market cap as its share price hit $207.05. It began an ascent Tuesday after reporting solid results in its latest quarter,” The Post reports.

The report adds: “Apple sold 41.3 million iPhones last quarter, and reported an average selling price of $724.”

One Comment

  1. Trump’s “Bigger Button” wasn’t referring to bombs, it was referring to the U.S. economy. The U.S. is the only country where cash-flow is free to go to great ideas and allow them to become an Apple or Amazon or dozens of other companies. New companies will be started this year that in 20 years will be among the biggest in the World. That is why China tries to steal our technology – they keep their creators so confined from the money (because of their communist values) and opportunity to create a great company that the potential entrepreneurs are held back. Europe is bogged down with regulations and taxes, that their best way to fight the U.S. economy is through fines. Neither Europe or China will ever have cutting edge health care improvements because of their managed health care system. There is no incentive for companies to invest in the research necessary for breakthroughs in health care. You can complain about how rich Jeff Bezos and Mark Zuckerberg are, but the fact they can do that in the U.S. is what gives incentive to others to come up with new ideas and their backers to invest.

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