Apple’s Stock Value Reaches $1 Trillion Total
Apple has become the first American company to have the total value of its publicly traded stock reach $1 trillion. Stock in the technology company reached the huge number during trading on Thursday.
If Apple were a nation, it the world's seventeenth largest economy.
Steve Jobs and a few other people created Apple 42 years ago in Cupertino, California.
By 1997, the company had fallen on hard times and shares were worth just a few dollars. If someone had bought $10,000 of the stock at that low point, their investment would now be worth $2.6 million.
The current price of a share in the company is about $207 dollars. Stocks experts say that is a reasonable amount when the company's earnings are considered.
Apple's rise in recent years has signaled the strength of the technology industry. Apple became part of the Dow Jones Industrial Average, a widely used measure of stock prices, in 2015.
And Apple faces strong competition from other technology companies. It could lose its top spot to Amazon, based in Seattle, Washington. The online sales company now has a market value of $880 billion dollars.
The company known for iPhones and the Mac computer is not the first publicly traded company to reach the $1 trillion mark. Thomson Reuters information shows that Chinese oil company PetroChina reached that level in 2007, although it has since lost much of that value.
Technology companies like Apple, Amazon and Alphabet—the parent company of Google—appear to have taken the lead in high market value.
But a traditional industrial business, The Saudi Arabian Oil Company known as Aramco, could surpass Apple if it carries out plans to offer its stock to the public.
Some experts estimate the Saudi oil company could reach a total stock market value two times bigger than Apple's – at $2 trillion dollars.
I'm Caty Weaver.
1.technology industry 技术产业
The people and companies in the technology industry are pretty fascinating after all.
2.online sales 在线销售
In the countries where IKEA has introduced online sales, it has been a great success.
3.be known for 因...闻名
He was known for his poor grammar and punctuation.
4.market value 市场价值
The fair market value of the property shot up.
5.Technology companies like Apple, Amazon and Alphabet—the parent company of Google—appear to have taken the lead in high market value.
take the lead 带头；为首
Responsible cadres at various levels must take the lead and study well.
Sharon Wild set a blistering pace to take the lead.
6.But a traditional industrial business, The Saudi Arabian Oil Company known as Aramco, could surpass Apple if it carries out plans to offer its stock to the public.
carries out 实施
Each manager carries out the management responsibilities we described above.
Who plans and carries out the work?
苹果公司也面临着来自其它科技公司的激烈竞争。它的榜首位置可能会被位于华盛顿州西雅图市的亚马逊公司夺走 。这家网络销售公司目前总市值为8800亿美元 。