Apple 1st company to hit $1 trn m-cap
Apple has become America's first publicly-traded company to be valued at $1 trillion. At a whopping $244 billion, Apple's cash balance alone is higher than the combined market capitalisation (m-cap) of Reliance Industries and Tata Consultancy Services. These are the only two $100-billion companies in India. Apple has reported strong sales of its flagship iPhones, responsible for roughly 60 per cent of its revenues. Thanks to Apple Watch and AirPods earphones, the company's comparatively small wearables division has become a $10-billion annual business. Apple was founded by Steve Jobs, Steve
Wozniak and Ronald Wayne in April 1976 in Cupertino, California.