Only a few days back, Apple saw a 1.5% surge in its stock price to hit a new all-time high and today, Apple’s shares have hit another record high which takes the iPhone maker’s market capitalization to over $1.5 trillion making it the world’s first company to reach the milestone (via MacRumors).
Less than a year after Apple became the first publicly traded U.S. company to hit the $1 trillion market cap, Apple’s market capitalization stands at around $1.536 trillion. Apple’s current stock price (AAPL) sits at just above $354 per share with roughly 4.3 billion shares outstanding.
Back in 1997, the company was on the verge of bankruptcy before a huge turnaround started, with the return of late Apple co-founder Steve Jobs. When the iPhone was announced back in 2007, the company was only worth $73.4 billion.