Apple The First U.S. Company To Reach Trillion-Dollar Valuation Threshold

Gold ... Platinum ... And Now Trillian

When APPLE's better-than-expected Q3 report came out (NET NEWS 7/31), its stock rose nearly 3%, reaching a high today (8/2) of $207.26 to a low of $200.35; it's currently some spare change under $207. According to CNBC, "Based on a recently adjusted outstanding share count of 4,829,926,000 shares, a stock price of $207.05 nudged APPLE over the finish line in the race to one trillion." APPLE is the first U.S.-traded company in history to be that valuable. But, it looks like APPLE won't be the only trillion-dollar company too long. AMAZON surpassed $900 billion in market value in JULY -- nine months after APPLE did the same.

"I think it just speaks to just how powerful the APPLE ecosystem has become over the last few decades," GBH INSIGHTS analyst DAN IVES told CNBC. "This is not the end, that they hit $1 trillion. I view this as just kind of speaking to a new a stage of growth and profitability ... It just speaks to the vision that [co-founder STEVE JOBS] and now [CEO TIM COOK] have had in making sure APPLE isn't just a hardware company." 

« see more Net News