Apple on Thursday became the first private-sector company in history to be worth $1 trillion, after its share price reached an all-time high above $207. So who's going to pay for it?
The chart below, which came to our attention via Pension Partners' Charlie Bilello, shows that the company had to outmaneuver corporate giants like General Electric and Microsoft, which once held the title for most valuable company in the world.
Kawasaki was a guest on CNBC's Power Lunch shortly after Apple stock prices surpassed $207.05 to briefly give the company a $1 trillion market value and was beaming over the news. According to the company, global sales accounted for 60 percent of the revenue.
Before the release of the iPhone, Apple was reporting revenue of less than $20bn and profits of less than $2bn from the sale of its Mac personal computers in 2006.
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Let's keep in mind that Canada was established as a nation way back in 1867 and Apple has only been around since 1976 when co-founder Steve Jobs started running the company in his garage.
Apple's stock has risen over 30 percent in the past year, fueled by optimism about the iPhone X, launched a decade after the original. Apple is now up more than 20% this year. Depending on who is doing calculations, the valuation of Saudi Aramco state-controlled oil and gas company is between $1.2 billion and $1.5 billion. Also propelling Apple higher in recent months was Apple's announcement that it earmarked $100 billion for a new share repurchase program. "Given our confidence in Apple's future, we are very happy to announce that our Board has approved a new $100 billion share repurchase authorization and a 16 percent increase in our quarterly dividend", he added.
"I left Apple twice", Kawasaki said with more chuckle than notes of regret.
Apple is worth $1,001,679,220,000. Amazon's in second place, with a market cap of $884.86 billion, and good ol' Google (well, Alphabet, technically) is in third at $854.49 billion.