International Diplomat Magazine

Apple to become world’s first $1 trillion company


Apple to become world’s first $1 trillion company(London) – Apple will become the world’s first trillion-dollar company when its shares top $1,000 each. The technology giant’s shares were worth $633.38 last week as its stock price rose above Google’s for the first time.
The company, based in Cupertino, California, is already the most valuable company in the world currently valued at $590.82 billion. Just a year ago the shares were changing hands at $341. In January, Apple revealed it had more than doubled its profits to $13.06 billion, compared with $6 billion for the same quarter in 2010.
Tim Cook, Apple’s chief executive who took over from the late co-founder Steve Jobs, said: “We could have sold more if we’d had more supply. We could not be happier”.