As we all know, Apple is one of the giant IT company in the world. What it has is own world right from Computers, mobile to many electronic gadgets, Apple acquired almost 40% of the world using I devices. Let see how Apple reached its trillion-dollar marl.
Apple was Founded by Steve Jobs and Steve Wozniak in 1976 by innovating First native computer, pushing its revenue by over countries like Portugal, New Zeland, and other countries, making consumers getting know about new invention and taste differences, Apple won hearts of millions of people, and this Apple continued to be one of the most famous companies in U.S listing.
How Apple Became World’s First Trillion Dollar Company?
In 2006, before the launch of the iPhone, Apple revenue generated less than $20 billion sales with an effect Net Profit Of $2 Billion. But soon after the release of the iPhone, its revenue increased by 200% and made around $220 billion dollars within a short period succeeding the launch of iPhone making it the most profitable company in the US.
In 2011, after the death of Steve Jobs, Tim Cook who means Jobs as his mentor and a friend overtook the CEO position of the company.
Cook launched many exciting gadgets like Apple watch and wireless Air pods which changed the perspective of the society from using traditional devices to modern form.
By then each year, the company released the series of iPhone, and the company earned huge sales out of it and with this increase in their advancements in technology, on 2nd August 2018, Apple became the first trillion dollar company in the entire world leaving behind Amazon and Microsoft.
Apart from the favored side of the company, Apple also faced many criticisms regarding taxes and labor issue. In 2017, the European Commission charged a fine of $13bn to pay the back taxes to Ireland.
On 2nd August 2018, Apple shares hit a magic bump where the company reached 207.05 cents/share making it worth to $1trillion mark.
But Apple is not the first company to be the trillion dollar company. Back in 2007, a company called PetroChina, which was renowned to be said first trillion dollar company but due to the company didn’t go well, and it cost around $800 billion over a decade and leaving behind other tech giants who still lag behind Apple where,
Amazon stands around $877 million, Alphabet(Google) stands at $851 million, and Microsoft stands at $822 million still giving a fierce competition to Apple to reach the desired mark.
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Here is the Apple Share Market Chart which gave a rise to a new record in the world.
Seeing this Apple hold a good financial position where revenue rose to $52.3 billion in the second quarter while the net income rose to $2.04/share.
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