Apple has established a booming market when it comes to electronic gadgets and an equally impressive annual growth in its monetary value. Known for their high quality and exclusive IPhones, the company has yet made another mark for themselves. Just this Thursday, it made history by becoming the very first American public company to not only reach but exceed $1 trillion dollars when it’s stock sold for $207.04 per share. As of this moment, their stock has attained its highest value yet at $208.38 and this has placed them at an annual increase of about 20 percent this year.
Apple experienced a rise in the price of their stock on Wednesday after announcing their impressive quarterly earnings on Tuesday. This rise in the price of their stock continued on Thursday catapulting them into the trillion dollar club. Other companies close behind include Amazon which was worth $900 billion dollars as of last week, Google and Facebook which are worth roughly $800 billion dollars each.
Apple is currently the only company in the trillion dollar club although the fluctuating prices of stock might keep them straddling the line between the trillion dollar club and the billion dollar club. However, analysts predict that the stock prices might stay on the rise keeping Apple firmly in the trillion dollar group.
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