Apple becomes first $1 trillion dollar company

Last week, tech giant Apple became the first public company to be worth $1 trillion.


Tech giant Apple has become the first public company in the world to be worth $1 trillion - equivalent to around £767 billion.

Apple achieved this milestone last week (Thursday August 2nd), following a day's trading that saw its share values close at a new record high of $207.39 each. 

This marks a rise in share values of some 1,100 per cent since Apple's first iPhone went on sale back in 2007. At this time, the company's total worth came in at approximately $106 billion, showing just how much its value has grown over the past decade alone.

In fact, since the brand first listed publicly 38 years ago, its share values have increased by a huge 50,000 per cent.

Tim Cook, chief executive of Apple, remained reasonably modest about the company's achievement, reportedly telling employees in an email: "It's not the most important measure of our success. Financial returns are simply the result of Apple's innovation."

Topics

Related content

Man using iPhone

Understanding IDFA changes: 5 things to know

Learn more

The perpetual cycle of hardware, telcos and mobile advertising

Learn more

Fast forward to 2030 with Futurescape

An in-depth exploration of the attitudes, innovations and media shifts that will shape the years ahead and redefine how we advertise by the turn of the decade

IAB UK Chatbot

Close Chat

Hi, I'm NORI

As the IAB’s AI-powered chatbot, I’m here to help IAB members understand everything about the world of digital advertising. You must be an IAB member to ask a question. To get started, either log into your account or create one below.

Are you sure you want to clear your chat history?

No
IAB chatbot icon