Apple becomes the world’s first trillion-dollar company: Who’s next?
Apple’s market capitalisation currently sits at a whopping $US1.004 trillion, begging the question of which company will be next.
Swanky consumer goods producer Apple has gained the title of the world’s first ever trillion-dollar company as its share price shot up overnight off the back of some above average results for the June quarter.
Apple’s market capitalisation currently sits at $US1.004 trillion ($1.35 trillion) with a share price of $US207.39. Australia’s gross domestic product for 2016 was $US1.205 trillion, which gives you an idea of the absurdity of Apple’s wealth.
Founded in 1976 by the late Steve Jobs, Apple’s rise to prominence has been firmly on the back of its high-end consumer technology products, pioneering personal music devices with the iPod, and moving into the world of smartphones and laptops with its iPhones and Macs.
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