Having performed incredible well on the stock market for the last few months, Apple has now become the first ever company to have a valuation of $1 trillion.
There are currently 4,829,926,000 Apple shares in circulation, each of which its now worth $207.043, giving the tech company the sky high valuation.
The shares have been going up in no small part thanks to Apple’s share buyback scheme, which shows to shareholders that the company believes its shares are going to keep going up in the future. It also had strong iPhone sales and very impressive growth in its services division (App Store, AppleCare, Apple Pay), which is now its second biggest market after the iPhone, generating billions more than its Mac sales.
Amazon is currently the second highest valued company, with a worth of $873 billion. Facebook meanwhile is struggling due to dropping user engagement and recent security controversies – it’s shares plunged $120 billion in one day, resulting in a current market cap of $507 billion.