How does Apple’s record-breaking valuation compare?

how does apples record breaking valuation compare
How does Apple's record-breaking valuation compare?
Apple Inc this week became the first $1 trillion publicly listed US company, crowning a decade-long rise fueled by its ubiquitous iPhone.
The tech company’s stock jumped 2.9 percent on Thursday to give it a market capitalisation of $1.002 trillion.

To put this in perspective we’ve compared it with other highly-valued companies as well as the globe’s richest countries and people.

As the chart below shows, Apple beat off competition from its Silicon Valley rivals to be the first to breach the $1 trillion barrier.

Some have pointed out the firm — lead by Tim Cook following the death of co-founder Steve Jobs in 2011 — was not the first to be worth $1 trillion.

PetroChina hit $1.1 trillion in 2007 but the valuation is considered unreliable because most of its stock was still held by the Chinese government.

Apple’s value is so high it’s worth more than many developed western economies, such as Switzerland and the Netherlands.

Read on EuroNews

Author: HEDGE

Hedge Accordingly was founded ahead of the global financial crisis in January of 2008, with the goal of providing our readers our unique take on latest news on stocks, wall street, volatility, news on wall street, articles on investing, trading, options, stocks, futures, #cnbc, #crudeoil, Bitcoin. Hedge Accordingly produces both original, and aggregated Wallst news content from top publishers around the world. We curate aggregated content covering the latest news on politics, stocks, wall street, and the tech industry. We also provide free stock charting, quotes and a bitcoin, forex and currency exchange. Learn More About HEDGEaccordingly.com