With a rise in the stock price, Apple broke the $207.05 mark on Thursday to be the first publicly listed company in the US to be valued at $1 trillion. It has managed to beat players like Amazon, Google and Microsoft who are close to crossing the trillion dollar figure. Apple has been through a lot of ups and downs in its journey to reach $1 trillion. There was once a time when Bill Gates at the age of 41 who was at the helm of his career bailed out Apple with an investment of $150 million. It was this money that got us all to see the iPod or iPhone, as they would not have been invented if Apple was not saved.
Last week there was speculation made by analysts betting on Amazon to reach the $1 trillion benchmark first. But it was Apple who with its Q3 reports pushed Amazon aside to win the race.
With the many bumpy rides over the years, the only reason why Apple stands tall is that of its madness to be innovative. We all know the iPod revolutionised the way we hear music today, it would not be same had it not been iPhone for the way we use our phone. In many ways, Apple has been a game changer when it comes to superior design backed with superior quality. Apple is one heck of a company when it comes to being a perfectionist.
We congratulate Apple on becoming the first publicly traded US company to be valued at over $1 trillion.