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Apple becomes the first trillion-dollar public company

Aug, 02, 2023 Hi-network.com
Apple became the world's first trillion-dollar public company on Thursday, as a rise in its share price pushed it past the landmark valuation. Apple's stock market value is more than a third the size of the UK economy and larger than the economies of Turkey and Switzerland. The company amassed profits of$11.5bn in three months, thanks to record sales that hit$53.3bn. While an American company had never been valued at$1 trillion, Apple is not the first in the world to cross this milestone -Chinese oil company PetroChina hit$1 trillion in 2007 and Privately held Aramco, the Saudi oil giant, was valued at$2 trillion by investors.

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