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Apple Is First Public Company Worth $1 Trillion

Rebecca Shepherd

Published 
| Last updated 

Apple Is First Public Company Worth $1 Trillion

Apple has today become the world's first public company to be worth $1 trillion.

Who knew the iPod nano would become so successful, eh?

Credit: PA
Credit: PA

The iPhone maker's market capitalisation reached the figure in afternoon trading in New York as its shares rose above $207, according to BBC.

This meant that Apple touched the landmark before its closest rival - retail giant, Amazon. Yes LADs.

The Guardian reported that the computer and mobile phone giant, co-founded to sell personal computers by the late Steve Jobs in 1976, reached the watermark after its shares hit $207.05.

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And if the trillion thing wasn't impressive enough, then get a bit of this - Apple's stock has risen more than 50,000% since it first listed in 1980. They're just showing off.

The BBC reported that ever since the iPhone went on sale in 2007, Apple shares have soared by 1,100% and have jumped almost a third in the past 12 months.

Anyone else surprised that the iPhone is only 11 years old or just me?

Credit: PA
Credit: PA

Since 2007, 18 different iPhone have been launched and more than 1.2bn of the devices have been sold. Now that is something we're not surprised out - they bring a new one out for every occasion.

Apple hit the $1tn (£767bn) mark after publishing shares which brought the value of the company up from $935bn.

Apple finance chief, Luca Maestri, said: "Growth was strong all around the world," we would hope so to hit those figures.

Credit: PA
Credit: PA

Apple began in the garage of co-founder Steve Jobs more than 40 years ago. Mr Jobs passed away in 2011 and his legacy lives on in every Apple product.

His commencement speech at the 2005 Stanford University Graduation is widely considered one of the most poignant and impressive of all of his motivational phrases.

He said: "I had no idea what I wanted to do with my life and no idea how college was going to help me figure it out. So, I decided to drop out and trust that it would all work out OK.

Credit: PA
Credit: PA

"It was pretty scary at the time, but looking back it was one of the best decisions I ever made.

"The minute I dropped out I could stop taking the required classes that didn't interest me, and begin dropping in on the ones that looked interesting."

He added: "You can't connect the dots looking forward; you can only connect them looking backward. So you have to trust that the dots will somehow connect in your future."

And if that isn't motivational enough for you, nothing will be.

Featured Image Credit: PA

Topics: News, Technology, Apple

Rebecca Shepherd
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