Apple Closes With Market Cap Over $1 Trillion

Jack Nicas has a good piece in The Times looking back at the last 20 years of Apple history, in light of today’s news. A few landmarks:

  • 1996: Apple’s market cap sunk as low as $3 billion before the NeXT reunification.
  • 2007: Apple was worth $73 billion when Steve Jobs introduced the iPhone.
  • 2011: Apple was worth $346 billion when Tim Cook took the helm as CEO.

Apple closed today with a market cap of $1.002 trillion. That “.002” looks insignificant but represents $2 billion — about what the entire company was worth in 1996.

★ Thursday, 2 August 2018