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1 trillion! Capitalization of Apple crossed a psychological mark

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1 trillion! Capitalization of Apple crossed a psychological mark
August 03
13:00 2018

According to the results of yesterday’s trading session, capitalization of the legendary American company Apple Inc. exceeded the mark of 1 trillion US dollars.

Apple became the first American corporation to overcome this Rubicon. 11 years ago a Chinese company PetroChina managed to do this. But the corporation from China failed: immediately after the growth, the company’s shares fell sharply.

Strong quarterly financial statements have become the main reason for the growth in the capitalization of Apple. Record revenue of 53.3 billion US dollars and profit growth by 32% have been documented.

Amazon, Alphabet and Microsoft are the three companies to be close to the trillion mark. At the moment their capitalization is 881, 850 and 817 billion US dollars, respectively.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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