Apple became a $ 1 trillion company, CEO Tim Cook called it a milestone but not a focus
It was predicted. It happened. A few days after Apple announced a strong Q3, which pushed the stock price of the company and its market capitalization to 1 trillion dollars, Apple became the second company in the history of the magical mark. Its share price exceeds $ 207, Apple becomes a trillion dollar company last night. This moment was marked by CEO Tim Cook with a memo, in which he had said that this was a milestone but there was no focus for his employees.
” Today Apple passed an important milestone. At our closing stock price of $ 207.39, the stock market now considers Apple more valuable than $ 1 trillion, while we are proud of this accomplishment, it ‘s not the most important measure of our success, “Financial returns are the result of only Apple innovation, keeping our products and customers first, and always stays true to our values.” Wrote by Apple CEO Tim Cook.
For Apple,the iteration has not been easy. It is not easy for any company, but for the apple, it was a journey especially with some important moments. Some of these moments marked the success of the firm, while some showed their failures. At a special moment, people are now going to talk about how Apple is the world’s top valued company, in the mid-90’s, the company had such a dire need of money that its CEO Steve Jobs made a decision to enter into partnership with his arch-foe Bill Gates of Microsoft and took several million dollars the Windows maker.
However, Microsoft too has performed well since then. Currently, the market capitalization of the company’s $ 824 billion which is fourth in the list of the top valued companies in the world. At number 2, there is Amazon with the market capitalization of $ 884 billion and in the third position, we have Google’s parent company Alphabet, whose market capitalization is $ 854 billion.