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Apple Reaches Trillion-Dollar Landmark

· Apple,Stock Market,Steve Jobs

Apple Reaches Trillion-Dollar Landmark

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There you have it, Apple has become the first U.S. company to be valued at $1 trillion.

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Apple's founders Steve Jobs & Steve Wozniak met when Jobs was still in high school, Wozniak says of the meeting:

"We first met in 1971 during my college years, while he was in high school. A friend said, 'you should meet Steve Jobs because he likes electronics, and he also plays pranks.' So he introduced us."

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From being founded in Steve Job’s garage to revolutionizing computer and phone technologies, Apple has long dominated our daily lives.

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2066 Crist Drive, Los Altos, California -- N 37o 20' x W122o 04'
Perhaps the world's most famous garage

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Among all Americans who use smartphones, more than 40% use iPhones.

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In recent years, Apple has tried to expand into other industries, such as its successful streaming service, Apple Music.

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The tech company’s landmark valuation is not surprising, as other tech giants like Alphabet and Microsoft are all valued over $800 billion.

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Apple HQ

Apple is also not the first worldwide company to reach the landmark; in 2007, Chinese company PetroChina surpassed the trillion-dollar mark, but it quickly fell during the 2008 financial crisis.

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Written by Michael Ding, Edited by Alexander Fleiss