Apple Hits $1 Trillion Market Value

Apple, the company we all know, love and hate. Created some of the products that have now incorporated itself into our lifestyle such as the Iphone , Ipad and Watch. We know that the company is immensely rich and brings billions of dollars of revenue each year but what you may not know is that the very company has become the first US company to transcend the market value of 1 TRILLION dollars just a day ago!

Share prices reached $207.39 , rising approximately 2.9% or and has risen 23% this year. Can Apple become a leader in the rise of technological companies in the Global Economy?

It has beaten other rivals such as Google and Amazon to the race of $1 trillion valuation.

They had brought in a revenue of $53 Billion during Q3 2018, which was higher than what analysts had expected due to the amount of Iphones being sold reducing. However, they had sold the phone at higher prices which still increased their revenue.

However, they still have other hardware and software they offer to buy or subscribe to such as : Macs, Apple Music, Apple iCloud Storage and fitness products like the Apple Watch.

Apple had started off in a garage by Co founders Steve Jobs, Steve Wozniak and Ronald Wayne. They started off with the Macintosh , an early computer but Ronald Wayne had left the company and sold his shares (How much did he regret it!) . Many years later after the Macintosh , in 2007 , they introduced a revolution to the mobile world , the Iphone.

Fast forward 11 years and they are now one of the most widely recognised companies and are going to grow for years to come!

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