Apple's Road to $1 Trillion
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.