When Steve Jobs first started Apple in the garage of his parent’s home, he would’ve never even imagined that the company would someday be the most valuable company in the world, literally.
Apple did it! The company is now worth over $1 Trillion dollars. Beating Google, Amazon, and Microsoft to become the world’s first company to hit the goal.
According to the latest reports, Apple traded at $207.05 per share, making the company valued at over $1 trillion in market capitalization.
Even though this is a massive milestone for the tech giant, its’ CEO, Tim Cook says that reaching $1 Trillion milestone is not a measurement for the company’s success.
Today Apple passed a significant milestone. At our closing share price of $207.39, the stock market now values Apple at more than $1 trillion. While we have much to be proud of in this achievement, it’s not the most important measure of our success. Financial returns are simply the result of Apple’s innovation, putting our products and customers first, and always staying true to our values.
It’s you, our team, that makes Apple great and our success is due to your hard work, dedication and passion.
Just as Steve always did in moments like this, we should all look forward to Apple’s bright future and the great work we’ll do together.
Cook made this statement in a letter to Apple employees, which was obtained by BuzzFeed News.