Apple Makes History As The World's First $1 Trillion Company

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Apple briefly hit the $1 trillion mark, becoming the first publicly traded company in the reach 13 figures in terms of market value.

Last year, sales had risen to $229bn and profits to $48.4bn, making it the most profitable public-listed United States company.

The tech company, launched from a garage in 1976, has been on a steady climb through the years, revolutionizing personal computers and phones with its Macs and iPhones. The rise of Apple was brought forth by Steve Jobs' innovative products in the iPod, iPhone, and others, revolutionizing the way we view technology today.

"The $1 trillion mark is more psychological, and sends a message of growth and size into the market", said Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.

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Apple said it expects revenue of $60 billion to $62 billion for the fiscal fourth quarter that ends in September 30.

In a memo to Apple's more than 120,000 employees on Thursday that was seen by Reuters, Chief Executive Tim Cook said the $1 trillion valuation was "a significant milestone" that gave Apple employees "much to be proud of". As HuffPost reporter Emily Peck tweeted: "Did Apple get to $1 trillion through sheer innovation and ingenuity?"

Though many investors consider Apple a hardware company, Jackson said most consumers have a different relationship with Apple's products.

APPLE OFFICIALLY BECAME the world's first trillion-dollar company on Thursday.

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One of those is Canada, but Apple isn't that far behind us now.

China-based Huawei took the second-place spot from Apple in a tightening global smartphone market during the second quarter of this year, according to the International Data Corporation.

True, Apple's earnings growth rate is slowing down. "Of course, one can argue that the slower gains leave more room for upside for Alphabet stock, but I think it's more a sign that the company simply doesn't have the fuel needed to sprint across the finish line".

By 1997, the company had fallen on hard times and shares were worth just a few dollars.

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