Apple's Road to $1 Trillion

Apple's Road to $1 Trillion

Foto: Depositphotos

Despite the news that Apple lost its second place in the smartphone market to Huawei in the past quarter, the iPhone maker became the first company to reach a market capitalization of $1 trillion. Following the release of better-than-expected results, the company’s share price.

As the chart illustrates, Apple reaching a market cap of $1 trillion would have been unthinkable a decade ago. Back in 2008, the company had just released the iPhone, the iPad was still confined to its secretive labs and the financial crisis had brought Apple’s market value down to $76 billion. 10 years and 1.4 billion sold iPhones later, the company founded in a garage in Los Altos, California in 1976 made history once again.

More from category

London Is the World's Airbnb Capital

London Is the World's Airbnb Capital

18 Oct 2018 comment

10 years ago, in early August 2008, the website Airbedandbreakfast.com went online, marking the birth of Airbnb.

Who Are Venture Capitalist?

Who Are Venture Capitalist?

16 Oct 2018 comment

Venture capitalists act as a gateway for companies on the potential brink of success, providing a vital financial stream to young start-ups and small companies.

Online Furniture Sales Are Booming

Online Furniture Sales Are Booming

9 Oct 2018 comment

In the early days of e-commerce, people mostly bought products online that were easily packable and shipped.