Apple becomes first trillion-dollar U.S. company
Apple has become the world's first company worth a trillion dollars.
The iPhone maker's stock prices closed Thursday at a record high.
Our Oh Soo-young has the details.
Apple has become the first publicly traded firm to hit one trillion dollars in market capitalization.
Stock prices for the IT giant closed at an all-time high of two-hundred-and-seven-point-three-nine U.S. dollars on Thursday, up nearly three percent from the day before.
The recent surge in share price is largely attributed to the firm's stronger-than-expected quarterly earnings report.
Apple's shares have jumped more than one-thousand-and-ten percent since the launch of the first iPhone 11 years ago,... and have increased by more than thirty percent over the past year.
"And I just I loved watching it go up and up and up. And I don't...it's not that it makes me feel rich, it just kind of makes me feel like, jeez, I wonder if I could be one of those like 85-year-old ladies who says, 'I bought Apple stock when I was 25-years-old, and I still have it. Now I can put my grandchildren through college'.
According to CNBC, an investment worth one-thousand dollars in August 2008,... would now be worth nine-thousand dollars -- including price appreciation and excluding dividends.
With its recent feat, Apple has streaked ahead of its Silicon Valley rivals -- Amazon and Microsoft -- whose market caps stand at around 900 billion and 800 billion dollars respectively.