Apple Becomes First U.S. Company to be Worth More than US$800 Billion
Apple Inc has become the first U.S company with a market value of more than US$800 billion as investors bet the next iPhone will cause sales to surge. Apple became the first publicly traded company to ever achieve that milestone.
“Apple’s rise to the top of the equity market has shown resurgence of mobile technology.”
Apple’s rise to the top of the equity market has shown resurgence of mobile technology and the decline of the oil industry in recent years. It broke its own record from February 2015 when its market capitalisation was US$774.7 billion.
About Apple Inc
Apple Inc., incorporated on January 3, 1977, designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players. The Company sells a range of related software, services, accessories, networking solutions and third-party digital content and applications. The Company’s segments include the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings.
Visit: Apple Inc
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