Science & Tech

Apple Becomes First Trillion-Dollar Public Company

(Heinz-Peter Bader/File Photo/Reuters)

Apple became the world’s first publicly traded trillion-dollar company late Thursday morning.

The tech giant’s shares briefly peaked above $207 before dipping slightly, carrying its market value above the trillion-dollar mark. The company beat out Amazon and Microsoft, who were nipping at its heels to become the first to reach the coveted milestone.

The the jump was attributed to Tuesday’s quarterly earnings report, which exceeded analyst expectations.

Steve Jobs co-founded Apple in his garage back in 1976. After a low point during the 1990s, the company rode a wave of success spawned by its iPods and Mac laptops before the 2007 debut of the iPhone, which caused a meteoric rise in market value of over $100 billion dollars that year.

Shares have spiked 1,100 percent in the eleven years since the first iPhone’s release, and a whopping 50,000 percent since the company first went public.

Last year, Apple sold 280 million iPhones, iPads, and Macs, and so far this year the company’s stock has risen 22 percent.

Most Popular

Politics & Policy

Did Flynn Lie?

At the outset, let’s get two things straight: First, there is something deeply disturbing about the Obama administration’s decision to open a counterintelligence investigation on retired lieutenant general Michael Flynn while he was working on the Trump campaign — and, ultimately, about the Justice ... Read More
Law & the Courts

Where Is the Flynn 302?

Better late than never (I hope), my weekend column has posted on the website. It deals with the question whether General Michael Flynn actually lied to the FBI agents — including the now infamous Peter Strzok — when they interviewed him in the White House on his third day on the job as national security ... Read More
Politics & Policy

Who’s in Charge Here?

In the run-up to the 2016 presidential election, Donald Trump was asked on many occasions whether he would “accept the results” of the election if he were to lose. Democrats and their media allies demanded that he make a solemn vow to “accept the results.” It was never entirely clear what anybody thought ... Read More

Remembering Christopher Hitchens

Tributes to the late Christopher Hitchens, who died seven years ago yesterday, are trending on Twitter. Hardly surprising. Hitchens had one of those rare, magnetic personalities and a genius for friendship according to some of the most talented writers around today such as Douglas Murray, Christopher Buckley, and ... Read More