Apple has become the first public company worth $1 trillion

Apple become the first publicly traded US company to reach $1 trillion value, as Amazon narrowly misses out


Following its announcement of an all-time-high quarterly revenue of $53.3bn in its 2018 third-quarter fiscal year results, Apple has announced it is the first publicly traded US company to reach the $1 trillion value mark.

Apple's stock has risen more than 50,000% since its first went public in 1980, and has reached a stock price of $207.05 according to CNBC. Recent reports have Apple at a share count of 4,829,926,000 shares.

This has meant that Apple has officially beaten Amazon in the widely documented 'race-to-one-trillion', which heated up when Amazon surpassed the $900bn mark in July, competing with Apple's growth.

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"I think it just speaks to just how powerful the Apple ecosystem has become over the last few decades," said GBH Insights analyst Dan Ives to CNBC following the historic market move.

"This is not the end, that they hit $1 trillion. I view this as just kind of speaking to a new a stage of growth and profitability."

On February 2018, Apple announced they had more than 1.3 billion active devices worldwide, having sold 77.3 million iPhones, 13.2 million iPads, and 5.1 million Macs during the first quarter of 2018.

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