Apple, the world’s first overtly traded company to be valued at USD 1 trillion. It is a financial drupe of this modish technology that has redefined what we expect from our devices. This trend-setting company reached marks with the help of the maverick named Steve who started with its invention 42 years ago in a Silicon Valley garage.
Apple sits at the top in the US stock market and is now leading by its technology-centric methods to the companies like Amazon, Google’s parent alphabet, Microsoft and Facebook, rounding the top five in market value.
This accomplishment seemed to be very unbelievable in 1997, when Apple wobbled on the edge of bankruptcy, with its stock trading for less than USD 1. On a split-adjusted basis, its market value also fell below USD 2 billion back then in the 90’s. Steve Jobs was brought back as an interim CEO, to endure in this competitive market, and it then turned to its roguish rival Microsoft for USD 150 million cash infusion to help pay its bills.
Jobs ultimately drove a decade-long sequence of an epochal product like iPhone that malformed Apple from a technological boutique to a cultural marvel and money-making machine. In its recent quarter, Apple raised an average price of USD 724 per iPhone and nearly 20 percent upsurge its average at the same time last year.
In the next year or two. Amazon.com will supplant Apple as the world’s most valuable company as it is spreading tentacles reach into new markets, said by some of the e-commerce leaders.
Apple wouldn’t be over the corporate kingdom without Jobs. His apparition, showmanship and wisdom of style boosted Apple’s comeback!