Apple has become the world’s first publicly traded company to be valued at $1 trillion.
The milestone marks the financial fruit of stylish technology that has redefined society since two mavericks named Steve started the company 42 years ago.
The threshold that nudged Apple to the record: $207.05 a share.
Keep in mind: Apple briefly hit the threshold, but has dropped slightly.
The stock number was around $203 yesterday — what changed: “Investors had previously been looking for a share price of $203.45, but the company’s hefty stock buybacks moved the threshold higher.”
The peak reached Thursday seemed unimaginable in 1997 when Apple teetered on the edge of bankruptcy, with its stock trading for less than $1.
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