ExpertOption: Apple hits historic $1 trillion market capitalisation.
Apple hits historic $1 trillion market capitalisation. Since IPO its shares went up from $22 to $208. Trade Apple and stocks of other companies at ExpertOption
Apple officially reached a market capitalization of $1 trillion as it stock surged again Thursday, making it the first U.S. company to hit the massive valuation.
The milestone reinforces the massive power Apple has in the tech world — and with its momentum, the company is poised to further shake up Hollywood with an expected video-subscription launch some time later this year.
Apple’s stock hit a high of $207.05 per share in trading just before noon ET, putting it at the $1 trillion mark. That came after a 5.9% surge a day earlier. Shares vacillated around that threshold, and were trading at $207.52 per share as of 1:45 p.m. ET (up 3% on the day), meaning the company was just over the trillion-dollar point. Apple shares closed Thursday at $207.39 (+2.9%), yielding a market cap of $1.002 trillion.