Apple’s $1 trillion market capitalization is a milestone, not focus, says CEO

Tim Cook

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Apple CEO Tim Cook said yesterday, August 2 that its achievement of $1 trillion market value is indeed a milestone for the company, but not focus.

It is, in fact, the result of the company’s focus on products, customers, and values. In Cook’s humble and simultaneously bold words, it is a valuation for the company “much to be proud of.” Safe to say is that this is the most prominent achievement for the company to date.

Financial returns are simply the result of Apple’s innovation, putting our products and customers first, and always staying true to our values. – Tim Cook, CEO Apple

Apple with a closing price of $207.39 on yesterday has become the first publicly listed American company to reach the $1 trillion mark in market valuation. Apple stock market value accounts for 4% of S&P 500 and is greater than the combined capitalization of AT&T, Procter & Gamble, and Exxon Mobil.

It is as well worth mentioning that the likes of Amazon and Microsoft were beaten by Apple in reaching the ‘first-ever’ milestone!

The memo further reads: “Steve founded Apple on the belief that the power of human creativity can solve even the biggest challenges – and that the people who are crazy enough to think they can change the world are the ones who do. Just as Steve always did in moments like this, we should all look forward to Apple’s bright future and the great work we’ll do together.”

Via: Reuters

Apple’s $1 trillion market capitalization is a milestone, not focus, says CEO