Apple Becomes the First $1 Trillion Company

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.

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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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  • madthinus

    Premium Member
    02 August, 2018 - 12:18 pm

    <p>Correction, first US company to be worth a Trillion USD</p>

    • Grant

      02 August, 2018 - 1:41 pm

      <blockquote><em><a href="#298732">In reply to madthinus:</a></em></blockquote><p>It is a very common mistake being made today with this event. I hope AAPL doesn't suffer the same fate as the PetroChina suffered after crossing the line.</p>

  • TEAMSWITCHER

    02 August, 2018 - 1:35 pm

    <p>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!</p>

  • PeteB

    02 August, 2018 - 1:49 pm

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

    • Jorge Garcia

      02 August, 2018 - 9:48 pm

      <blockquote><em><a href="#298774">In reply to PeteB:</a></em></blockquote><p>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.</p>

      • nbplopes

        03 August, 2018 - 3:03 am

        <blockquote><em><a href="#298854">In reply to JG1170:</a></em></blockquote><p><br></p><p>I guess you consider yourself extremely smart by being baby sitter of your tech. Congrats. I guess other people have other priorities.</p><p><br></p><p>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.</p><p><br></p><p>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.</p><p><br></p><p>The Windows PC is not known for that, and to be honest, the Windows as a service has not changed much that perception.</p>

        • Jorge Garcia

          03 August, 2018 - 3:37 am

          <blockquote><em><a href="#298872">In reply to nbplopes:</a></em></blockquote><p>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.</p>

          • sglewis

            03 August, 2018 - 10:59 am

            <blockquote><em><a href="#298872">In reply to nbplopes:</a></em></blockquote><p>"who is to say that Nokia, Palm and others were so far behind in their own efforts"</p><p><br></p><p>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.</p><p><br></p><p>Look… there's Samsung, Pixel and Apple. </p><p><br></p><p>"People who say those things about iOS do not give companies like Palm and HTC the credit they deserve"</p><p><br></p><p>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. </p><p><br></p><p>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.</p>

  • DBSync

    02 August, 2018 - 2:56 pm

    <p>"<span style="color: rgb(0, 0, 0);">While the company’s other products struggled this year" </span></p><p><br></p><p><span style="color: rgb(0, 0, 0);">Pretty sure the Mac was the only thing down this quarter. </span></p>

    • nbplopes

      02 August, 2018 - 5:40 pm

      <blockquote><em><a href="#298789">In reply to DBSync:</a></em></blockquote><p>Yes, and up if you total the three Qs.</p>

  • Daekar

    02 August, 2018 - 4:19 pm

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

    • Jorge Garcia

      02 August, 2018 - 9:45 pm

      <blockquote><em><a href="#298809">In reply to Daekar:</a></em></blockquote><p>Exactly right. Same number of iPhones sold…but much more profit raked in…hmmmm, seems like they just perfected the art of fleecing of their users rather than finding too many more new people to fleece. This model is sustainable for a long time, but not forever.</p>

      • Winner

        04 August, 2018 - 1:48 am

        <blockquote><em><a href="#298853">In reply to JG1170:</a></em></blockquote><p><br></p><p><em>if you ever needed evidence that you were being gouged when buying Apple devices, this would be it.</em></p><p><br></p><p>To be fair, Microsoft has been making billions on largely the same archaic codebase of Windows for a couple of decades.</p>

    • Truffles

      02 August, 2018 - 10:27 pm

      <blockquote><em><a href="#298809">In reply to Daekar:</a></em></blockquote><p>I think that's called capitalism and it's not as if they're a monopolist.</p>

      • MikeGalos

        03 August, 2018 - 12:33 pm

        <blockquote><em><a href="#298857">In reply to Truffles:</a></em></blockquote><p>Actually, they absolutely are a monopolist. Can you buy a macOS computer from anyone else? Can you buy an iOS device from anyone else?</p><p><br></p><p>Whether they abuse that monopoly is an open question. That they monopolize multiple markets isn't.</p>

        • Jeffsters

          04 August, 2018 - 10:59 pm

          <blockquote><em><a href="#298936">In reply to MikeGalos:</a></em></blockquote><p>And you can only buy a Mustang from Ford but you can buy other cars that aren’t compatible with parts for a Mustang. Does that help Mike?</p>

  • provision l-3

    02 August, 2018 - 4:51 pm

    <p>"<span style="color: rgb(0, 0, 0);">While the company’s other products, like the Mac, struggled this year"</span></p><p>Just a quick fact check on this statement. </p><p><br></p><p>iPhone:</p><p>Q1-3 of 2017 = 170.1M <span style="color: rgb(0, 0, 0);">units sold</span></p><p>Q1-Q3 of 2018 = 170.8M <span style="color: rgb(0, 0, 0);">units sold</span></p><p>iPad:</p><p>Q1-3 of 2017 = 33.4M <span style="color: rgb(0, 0, 0);">units sold</span></p><p>Q1-Q3 of 2018 = 33.7M <span style="color: rgb(0, 0, 0);">units sold</span></p><p>Mac:</p><p>Q1-3 of 2017 = 13.8M units sold</p><p>Q1-Q3 of 2018 = 32.8M <span style="color: rgb(0, 0, 0);">units sold</span></p><p>Services:</p><p>Q1-3 of 2017 = 21.4M in revenue</p><p>Q1-Q3 of 2018 = 27.09M in revenue</p><p>Other:</p><p>Q1-3 of 2017 = 9.6M in revenue</p><p>Q1-Q3 of 2018 = 13M in revenue</p><p><br></p><p>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.</p>

  • jules_wombat

    02 August, 2018 - 5:54 pm

    <p>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.</p><p>The future competition is now in the cloud.</p><p><br></p>

    • Jorge Garcia

      03 August, 2018 - 3:26 am

      <blockquote><em><a href="#298830">In reply to Jules_Wombat:</a></em></blockquote><p>If by premier you mean well built but purposefully crippled, then yes.</p>

    • Winner

      04 August, 2018 - 1:45 am

      <blockquote><em><a href="#298830">In reply to Jules_Wombat:</a></em></blockquote><p>To the cloud! To the cloud!</p>

    • Jeffsters

      04 August, 2018 - 10:56 pm

      <blockquote><em><a href="#298830">In reply to Jules_Wombat:</a></em></blockquote><p>There is a BIG difference between cloud based services and cloud services. Unfortunately too few here seem to understand that. Cloud based services are high profit where cloud services are becoming commodity. </p>

  • cybersaurusrex

    02 August, 2018 - 6:22 pm

    <p>On the bright side, Microsoft is still second in the cloud. lol</p>

    • MikeGalos

      03 August, 2018 - 12:34 pm

      <blockquote><em><a href="#298836">In reply to cybersaurusrex:</a></em></blockquote><p>And closing on Amazon.</p><p><br></p><p>So where is Apple?</p>

      • pecosbob04

        04 August, 2018 - 6:29 am

        <blockquote><a href="#298937"><em>In reply to MikeGalos:</em></a><em>Be careful what you ask for, Mikey!</em></blockquote><blockquote><br></blockquote><p><br></p>

      • Jeffsters

        04 August, 2018 - 10:54 pm

        <blockquote><em><a href="#298937">In reply to MikeGalos:</a></em></blockquote><p>Apparently everywhere Microsoft isn’t. </p>

  • MalcolmBlack

    02 August, 2018 - 7:13 pm

    <p>Tax avoidance works wonders!</p>

    • Winner

      04 August, 2018 - 1:44 am

      <blockquote><em><a href="#298845">In reply to MalcolmBlack:</a></em></blockquote><p>So you are a CEO and your job is to maximize profits, legally, within the rules set forth by the countries of the world. What would you do differently to fulfill your job duties?</p>

  • roastedwookie

    05 August, 2018 - 5:21 am

    <p>"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)</p><p>This twitter comment was gold! Don't quite remember who it was <img draggable="false" class="emoji" alt="?" src="https://s.w.org/images/core/emoji/2.4/svg/1f602.svg"><img draggable="false" class="emoji" alt="?" src="https://s.w.org/images/core/emoji/2.4/svg/1f602.svg"><img draggable="false" class="emoji" alt="?" src="https://s.w.org/images/core/emoji/2.4/svg/1f602.svg"></p&gt;

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