Companies around the globe are growing and expanding tremendously that some of the companies in the market have reached a milestone in their market capitalization. Well, market capitalization used to be told in billions but that is changing as some of the companies have a market capitalisation of a trillion dollars now.
Market capitalization is the total value of a company’s shares of stock that have been purchased by shareholders at a particular point of time. Tech giants around the globe are the first ones to achieve this significant milestone. We come from a time where billions used to be considered huge. But these companies are proving us wrong. A trillion dollar market capitalization has become the new normal for these tech giants.
Let’s look at the technology companies who have entered the trillion dollar club:MacBook Air By Apple
Apple is the first publicly traded company in the USA to be valued at $1 trillion. Apple is currently being headed by Tim Cook. Apple has around 104,000 employees all around the world.
The California based company earns an annual revenue of $265 billion and has a profit of $59.5 billion. It has got more than 500 retail stores around the world which sells consumer electronics, computer software and online services.