Apple Market Cap

By Candice Teal

The only way you don’t own anything by apple is if you live under a rock, or you’re #TeamAndroid. According to the CNBC All-America Economic Survey sixty-four percent of Americans own an apple product. The average American household owns 2.6 Apple Products, and the wealthiest American households holds 4.7 products. These facts are evident as Apple just reached their $1 trillion Market Cap.

Apple is the first company to reach this milestone and has no intentions of slowing down under CEO Tim Cook. According to Market Watch Cook has nearly quadrupled Apple’s share price by making a few changes to Job’s innovation. Cook has aimed to make Job’s innovation a more permanent, perpetual, and profitable ecosystem. With more expensive phones, accessories, and other clever business moves apple has managed to continue to rise-despite slow iPhone sales two years ago.

TIME Magazine released a list of the 50 most influential gadgets of all time. Apple products has made its way into a number of those spots. Amongst the top ten is Apple’s staple product the-iPhone. Apple has sold over a billion of their iPhones and they have made it one of the most popular gadgets of all time. Apple reaching their $1 trillion market cap is well deserved. However, the real question that consumers are asking is what’s next from Apple? What’d the next big product?

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