Business

Apple Just Became the First Company Worth $1 Trillion

Apple Just Became the First Company Worth $1 Trillion

Tim Cook is now the CEO of a trillion-dollar company…

Tim Cook won…

Bezos won’t be happy but at least the central bank money is being put to good use…

Incidentally, as we noted previously, Apple’s unprecedented slow-motion MBO has another key function: as Bloomberg’s David Wilson writes, the decline in share count is responsible for 42% of the stock’s gain from the end of 2013 through Tuesday, as shown in the chart. And, Wilson notes, “as Apple nears $1 trillion in value, a threshold no U.S. company has ever crossed, the gap may only get wider.”

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