Tech giant Apple just reached a significant milestone, becoming the first publicly traded U.S. company to hit $1 trillion US in market value.
Just before noon, Apple stock briefly hit a new all-time high of $207.05, on the NASDAQ. That was the magic number needed to hit one trillion, based on yesterday’s count of outstanding shares. The stock price has risen more than $15 per share since Tuesday’s announcement that the company’s third-quarter earnings surpassed estimates.
Amazon, which hit $900 billion in market value in July, could soon be the second to break a trillion, and Alphabet Inc., Google’s parent company, is also edging in that direction with a valuation of $853 billion... That’s a lot of zeros!