Apple has just become the first publicly listed US company with the market value of more than $1 trillion. This puts Apple ahead of other tech giants like Amazon, Microsoft and Google. The company added the feat to its award’s desk on Thursday, when its shares closed at a record high of $207.39.
Immediately after the news broke, Apple’s CEO Tim Cook thanked his employees by releasing a memo to appreciate their hard work.
The memo reads “Today Apple passed a significant milestone. At our closing share price of $207.39, the stock market now values Apple at more than $1 trillion. While we have much to be proud of in this achievement, it’s not the most important measure of our success.”
Cook didn’t want to take all the accolades, he went further in saying “It’s you, our team, that makes Apple great and our success is due to your hard work, dedication, and passion”. This is because Apple has experienced an astonishing growth of 1,100% and 50,000% in value since the first iPhone was introduced in 2007.
This further shows Apple’s long-standing dominance in the industry and its achievements over the years. With new iPhones, iPads and Apple Watch set to release in the fall, it seems Apple will definitely be celebrating another milestone soon.