Apple Becomes the First $1 Trillion Company

Posted on August 2, 2018 by Mehedi Hassan in Apple with 34 Comments

Apple is now worth 1,000,000,000,000. That’s $1 trillion. After the company’s stock hit $207.05 per share, Apple briefly became the first ever publicly traded U.S company to be worth $1 trillion. Apple’s worth will probably go below $1 trillion as the share price fluctuates.

The company’s stock has been on the rise (up by 9%) after reporting another quarter of continued iPhone growth. Apple made $53.3 billion this quarter in revenue, fueled by iPhone sales of 41.3 million units. While the company’s other products, like the Mac, struggled this year, the sustained iPhone sales have been helping the company grow for years now. That’s also helped Apple make money in other places, with its Services revenue growing by 31%, coming up to $9.6 billion.

The $1 trillion mark is a major milestone for the company. Wall Street has always been on the lookout for who will be the first $1 trillion company, but that’s come to an end now that Apple has won. Whew, now release a MacBook with a good keyboard, please, Apple.

Editor’s note: the article initially noted that Apple is the world’s first $1 trillion company, though that’s not the case as it’s only the first publicly traded US company to hit the $1t valuation. The story has since been corrected.

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Comments (35)

35 responses to “Apple Becomes the First $1 Trillion Company”

  1. madthinus

    Correction, first US company to be worth a Trillion USD

  2. MalcolmBlack

    Tax avoidance works wonders!

  3. cybersaurusrex

    On the bright side, Microsoft is still second in the cloud. lol

  4. jules_wombat

    As Paul has indicated, this is down to growth in Apple services. Apple devices are premier, but even Apple recognise the future is now in services.

    The future competition is now in the cloud.


  5. provision l-3

    "While the company’s other products, like the Mac, struggled this year"

    Just a quick fact check on this statement.


    iPhone:

    Q1-3 of 2017 = 170.1M units sold

    Q1-Q3 of 2018 = 170.8M units sold

    iPad:

    Q1-3 of 2017 = 33.4M units sold

    Q1-Q3 of 2018 = 33.7M units sold

    Mac:

    Q1-3 of 2017 = 13.8M units sold

    Q1-Q3 of 2018 = 32.8M units sold

    Services:

    Q1-3 of 2017 = 21.4M in revenue

    Q1-Q3 of 2018 = 27.09M in revenue

    Other:

    Q1-3 of 2017 = 9.6M in revenue

    Q1-Q3 of 2018 = 13M in revenue


    Exactly one of of those product segments is down, two are flat and two are up significantly. That is hardly everything but the iPhone struggling, not even close. Everyone is welcome to love or hate the company but facts are still facts.

  6. Daekar

    So... if you ever needed evidence that you were being gouged when buying Apple devices, this would be it.

  7. DBSync

    "While the company’s other products struggled this year"


    Pretty sure the Mac was the only thing down this quarter.

  8. PeteB

    Could've been Microsoft if they hadn't screwed up in mobile so spectacularly.

    • Jorge Garcia

      In reply to PeteB:

      No, it couldn't have been. Sure, Microsoft is pretty competent at making productive software and even some very good hardware (recently)...but Apple knows how to get the mouth-breathers through the door with shiny things that make them say oooh and ahhhh and throw their money at them. It's a whole different culture and philosophy, sadly.

      • nbplopes

        In reply to JG1170:


        I guess you consider yourself extremely smart by being baby sitter of your tech. Congrats. I guess other people have other priorities.


        Yes, yes, we all know Windows 10 is much better in that regard. But 8 years ago ... Now think about what pushed MS to do it, further more think about what took for MS to do it, and still is a ongoing process, not yet resolved. If not fo iOS you would be yet still going with WINDOWS 8 or 9 shoved into some UMPC ... playing with drivers all the way.


        The thing is if your want to multiply tech, making it transparent, you need to make a maintenance 0 matter for the general user. Not just in the PC, but the all thing. This needs to be the design priority tight after usability and security.


        The Windows PC is not known for that, and to be honest, the Windows as a service has not changed much that perception.

        • Jorge Garcia

          In reply to nbplopes:

          I couldn't agree more with your overall statement...except for that I don't give iOS nearly as much credit as you and most others do. Companies like Nokia and HTC were well aware of the need to simplify the complex interfaces for the average user to not need maintenance. Steve Jobs accelerated the software maturation process, obviously, but who is to say that Nokia, Palm and others were so far behind in their own efforts? Just because silly Microsoft left Windows Mobile as a clunky mess (that I personally loved, but knew was trash)...doesn't mean that other companies were not hard at work on things similar to iOS. People who say those things about iOS do not give companies like Palm and HTC the credit they deserve. We would certainly NOT still be using legacy Windows on UMPCs in 2018, but yes, we could conceivably be 3-5 years back in time.

          • sglewis

            In reply to nbplopes:

            "who is to say that Nokia, Palm and others were so far behind in their own efforts"


            I think the fact that Nokia bombed out and got acquired, and still sells a fraction fo what they used to, the fact that Palm is gone, and others, like HTC and Motorola etc are struggling is to say that they were far behind in their own efforts.


            Look... there's Samsung, Pixel and Apple.


            "People who say those things about iOS do not give companies like Palm and HTC the credit they deserve"


            I'm a former Palm and HTC user. I gave them all the credit they deserved. I bought a Treo, for Pete's sake. WebOs wasn't great. It was beautiful, the battery couldn't last three minutes and the phone could give you first degree burns. I remember having it powered in the car, but because I had the GPS active, it would still slowly drain.


            At the end of the day, the truth is, Apple and Google make a great OS, Apple, Google and Samsung make great devices, and everything else ended up where it belonged. Second fiddle, and/or bankrupt.

  9. TEAMSWITCHER

    It was me... I got an EMAIL receipt for my $2.99 monthly charge for 200GB of iCloud storage and then Apple hit 1T$ market evaluation. You're welcome Apple!

  10. roastedwookie

    "All Microsoft had to do to make Apple a 1 trillion $ company, was to release another tablet" (I would call it another junk wannabe tablet)

    This twitter comment was gold! Don't quite remember who it was ???

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