Apple Inc. becomes first company worth over $700 bn in global corporate history
US technology giant Apple Inc. became the first company to reach a market value of $700 billion.
It was able to hit this milestone after its shares rose 1.9 per cent and closing at $122.02, which in turn increased company’s market value to $710 billion.
About Apple Inc
Apple Inc. is California based technology giant that designs, develops, and sells consumer electronics, computer software, online services, and personal computers.
It is best-known for its niche hardware products which includes Mac line of computers, the iPod media player, the iPhone smartphone, and the iPad tablet computer.
Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976 to develop and sell personal computers. Later in 1977, it was incorporated as Apple Computer.
At present, Apple is the world’s second-largest information technology company by revenue after Samsung Electronics, and the world’s third-largest mobile phone maker.
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