GRBusiness

PACE SETTER! Apple, first in History to hit $1 trillion as shares surge

Published

7 years ago

August 2, 2018

Apple has become the world’s first publicly traded company to be valued at $1 trillion, according to reports available to GrassRoots.ng.

The milestone marks the financial fruit of stylish technology that has redefined society since two mavericks named Steve started the company 42 years ago.

The peak reached on Thursday seemed unimaginable in 1997 when Apple teetered on the edge of bankruptcy, with its stock trading for less than $1.

To survive, Apple brought back its once-exiled co-founder Steve Jobs as interim CEO and turned to its arch-rival Microsoft for a $150 million cash infusion to help pay its bills.

Mr Jobs eventually introduced such popular products as the iPod and iPhone that have driven Apple’s rise.

Apple shares rose 2.7% to an all-time high of $207.05 at around midday. They are up 22% so far this year.

Related Topics:

Up Next

Analysis – Is Trump truly winning the trade war?

Don't Miss

Sophos whitepaper reveals SamSam Ransomware has raked in almost $6m

grassroots

GrassRoots.ng is on a critical mission; to objectively and honestly represent the voice of ‘grassrooters’ in International, Federal, State and Local Government fora; heralding the achievements of political and other leaders and investors alike, without discrimination. This daily, digital news publication platform serves as the leading source of up-to-date information on how people and events reflect on the global community. The pragmatic articles reflect on the life of the community people, covering news/current affairs, business, technology, culture and fashion, entertainment, sports, State, National and International issues that directly impact the locals.