APPLE STOCK MARKET VALUE RECORD 1-TRILLION

Aug 02, 2018

By Bob Komsic

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After starting out in the garage of co-founder Steve Jobs in 1976, Apple has become the first $1-trillion publicly listed American company.
(Dado Ruvic/Reuters)
Its stock jumped 2.8% on Nasdaq to as much as $207.05-a-share.
Apple’s stock value’s greater than Exxon Mobil, Procter &Gamble and AT&T combined, accounting for 4% of the S&P 500.
The tech giant’s stock has surged over 50,000% since its initial public offering in 1980 compared with the S&P 500’s approximately 2,000% increase during the nearly four decades.
In 2006, the year before the launch of iPhone, Apple had less than $20-billion in sales with net profit just shy of $2-billion.
Last year, sales had grown to $229-billion while net income shot up to $48.4-billion.
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