Apple becomes the first US company to be worth $1 trillion

Jamie McKane

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Apple becomes the first US company to be worth $1 trillion

Apple Inc. became the first U.S.-based company with a market value of $1 trillion, four decades after it was co-founded by Steve Jobs in a Silicon Valley garage and later revolutionized the worlds of computing, music and mobile communications.

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.

[Bloomberg]
 

Arthur

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Amazing.

This is of course in rather small modern US dollars. Today's dollar is worth around 16% of a 1970 dollar.

But still small - around one sixth - compared to the company that started a green grocer business in SA in 1652.

And smaller in real (not nominal) dollar terms than AT&T before it was broken up by the US government in 1983.
 
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