Apple Becomes 1st Private Company Worth $1 Trillion

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Apple Becomes 1st Private Company Worth $1 Trillion

Post by Jennifer » Sun Aug 05, 2018 1:23 am

Technology giant, Phone and PC makers Apple seems to be setting yet another standard in the computing world. Apple became the first private company to surpass $1 trillion in stock market value Thursday following its latest surge after reporting strong quarterly earnings.

Shares of Apple briefly hit $207.05 in late-morning trading, before retreating somewhat. The gains came after the iPhone maker reported strong earnings late Tuesday that prompted a two-day rally in the share price.

The company’s stock was at $205.98, up 2.2 percent near 1555 GMT. Apple said it currently has 4.83 billion shares outstanding.

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