Apple Is Worth One Trillion Dollars
Apple, a company founded 42 years ago in a Santa Clara Valley garage to make personal computers, is now worth $1 trillion. It becomes the first American company to achieve that feat.
A trillion dollars is an unimaginably big number no matter what you’re counting—but especially when it’s money. It’s the kind of number usually reserved for measures of aggregated national economic inputs and outputs. The 2018 U.S. budget accounts for estimated revenues of $3.6 trillion, and expenditures of $4 trillion. That makes Apple’s market cap as big as a quarter of federal operations. It’s hard to fathom what that even means.
But because of the “three-comma club” this year, as ’s fictional tycoon Russ Hanneman calls billionairedom. But global companies by market cap are worth over $100 billion. And despite Silicon Valley’s of the term “unicorn” to name privately-held start-ups worth $1 billion or more, that’s just not a lot of money by big-business standards.
