By now you might have heard that Apple has officially become the first private sector company to ever be worth $1 trillion USD after its share price reached $207 USD (R2 759,84). Its mostly because of strong sales for the high-end iPhones which caused Apple’s shares to rise over 8-percent. It was a race between Apple and Amazon to reach that status but Apple has won it. CEO Tim Cook also gave credit for the growth to other Apple products, such as smart home peripherals, wearables, and services like the App Store and Apple Pay. Apple’s financial measure of value is now worth more than the economies of countries like Switzerland or Saudi Arabia. Impressive!
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