By Kaleb Roedel – Northern Nevada Business View
Apple on August 2 became the world’s first publicly traded company to be valued at $1 trillion, according to the Associated Press.
The maker of the iPhone and other gadgets reached the milestone after its shares gained $5.89 to surge to an all-time high of $207.39 — up 23 percent so far this year.
All told, Apple is worth $1,001,679,220,000.
The achievement seemed unimaginable in September 1997 when Apple teetered on the edge of bankruptcy and founder Steve Jobs rejoined the company. If someone had dared to buy $10,000 worth of Apple stock at that point of desperation, the investment would now be worth about $2.6 million, according to the AP.
The stock started surging last week as anticipation mounts for the next generation of iPhone, expected to be released in September, the AP reports.
The Northern Nevada Business View reached out to members of the regional business community to get their reaction to Apple’s latest triumph.
Read the rest of the story at nnbusinessview.com.