Its perhaps a meaningless milestone, but humans love big, round numbers. And when Apples share price hit $207.05 today, it became the first U.S. public company to reach a $1 trillion market capitalization.
Not bad for a company that was on the verge of insolvency when its late founder Steve Jobs came back to rescue it in the late 1990s, launching a series of products the iMac, iPhone and iPad that changed the company and the world.
Heres a chart of Apples all-time market value:
More recently under CEO Tim Cook, Apples stock price has risen as the company has bought back billions of dollars worth of shares. (More than 60 percent of Apples market-cap growth has happened since Cook became CEO in 2011.)
But its business is also b…
Read the full article at: https://www.recode.net/2018/8/2/17644254/apple-trillion-dollar-market-value-tim-cook-buybacks