Apple hit yet another milestone today by becoming a $1 Trillion company. The tech giant is the first American public company to ever hit that mark.
The company reached that number earlier this morning when their stocks rose to over $207.04 a share. The iPhone maker has their Q3 earnings report to thank for that. Apple earned about $53.3 Billion this third quarter, surpassing projections by $1 Billion. This also marks their highest Q3 earnings to date.
Of course, given the volatility of the stock market, Apple could easily enter and exit the $1 Trillion mark as stocks plummet and rise. They may be the first American company to hit that mark but others like Amazon, Google, and Microsoft are slowly reaching that mark.
YugaTech.com is the largest and longest-running technology site in the Philippines. Originally established in October 2002, the site was transformed into a full-fledged technology platform in 2005.
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