Apple Crosses $900 Billion Market Cap, Makes The First Publicly Traded US Company To Reach The Milestone

Thanks to the strong earnings that was reported last week and the solid demand for its new iPhone X, Apple’s market capitalization has officially crossed over $900 billion during intraday trading today. As MarketWatch notes, this makes Apple the first publicly traded US company to reach this milestone.

Although the company previously broke records last week when it reached $900B market capitalization during after-hours trading, However, today markets the first time this has happened during intraday trading. Is that means Apple on its way to becoming the first $1 trillion company in the U.S.


Investors are partly jazzed about the strong results Apple reported last Thursday. It wowed Wall Street with strong growth of its Mac computers, iPads and services division. And the company has more than $268 billion in cash that it can use for future investments, higher dividends and bigger stock buybacks.

At the current rate, Apple is on its way to becoming the first US publicly traded company to reach $1 trillion market of capitalization; Google's parent company - Alphabet just recently became the second company to cross the $700 billion milestone. Several analysts expect Apple to cross the trillion dollar milestone sooner than later.

Via 9to5Mac And CNN Money, Image Credit Wikipedia

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