However, Apple CEO Tim Cook does not think shareholder value is the most important aspect.
"As ever the discussion we have around each quarterly Apple earnings is to what extent it can shift away from relying too heavily on iPhone sales and we saw yet more impressive progress again in the second quarter as services revenues rose sharply". Incidentally, the trigger price for Apple to reach a trillion-dollar valuation has been slowly creeping upwards as the company continues to aggressively buy back shares as part of its capital return program. Amazon is worth almost $900 billion while Google and Microsoft are each now worth more than $800 billion.
With a closing price of $207.39 on Thursday, Apple became the first publicly listed USA company to ever reach $1 trillion in market capitalization.
Apple co-founder Jobs envisioned breakthrough hardware and software architecture where the Apple users never have to leave the company's ecosystem.
Coupled with a lately adjusted outstanding share figure of 4,829,926,000 shares, Apple achieved the trillion dollar milestone earlier than projected, cites CNBC.
Given the volatility of the stock market, however, it's possible that Apple will not remain at the $1 trillion mark in the coming days. However, his net worth is tied to Apple stock in a less conspicuous way.
Buy Prince Harry’s Audi on Auto Trader
The Audi RS6 model, which the Duke was seen driving to Pippa Middelton's evening wedding reception with Meghan Markle, the Duchess of Sussex, is now listed at $93, 672.83 on Auto Trader after it was acquired by Derbyshire vehicle dealership Overton Prestige.
Donald Trump Implies LeBron James is Stupid After CNN Interview (TWEET)
After throwing insults at both men, Trump also mentioned that he likes "Mike", which is nearly certainly a reference to Jordan. We are in a position right now, in America more importantly, where this whole race thing has taken over, ' he said.
Liberals plan to soften carbon tax plan following competitiveness concerns
Taxing above 10 to 20 per cent would hurt a company's ability to innovate and find a viable solution, Elgie said. Ford has said that ending cap-and-trade will reduce electrical bills and gasoline prices.
On Wednesday, Apple's shares closed up nearly 6 percent and this was seen as its best one-day gain in 18 months, after reporting better-than-expected results on Tuesday night.
With Apple's fiscal year ending in less than two months (on September 30), it's safe to predict that Cook will get a decent equity payout, although it's hard to say exactly how much.
Together with Facebook (FB.O), the five largest US companies account for 15 percent of the S&P 500.
Cook emphasized the company's innovation and principles make Apple one of the world's most valuable businesses.
"Steve founded Apple on the belief that the power of human creativity can solve even the biggest challenges - and that the people who are insane enough to think they can change the world are the ones who do".