/i.s3.glbimg.com/v1/AUTH_59edd422c0c84a879bd37670ae4f538a/internal_photos/bs/2018/l/S/A6XzDsSAOAXvnETTQGlA/2018-07-25t182330z-1-lynxmpee6o1u7-rtroptp-3-energia-petroleo-cnpc-investimento.jpg "A PetroChina é maior produtora de petróleo e gás da China. (Foto: Reuters)")
PetroChina is China's largest oil and gas producer. (Photo: Reuters)
In numbers, the value would be written this way: $ 1,000,000,000,000.
It means a trillion dollars, equivalent to $ 3.75 trillion - is the value attributed in the stock market on Thursday to Apple, the company that Steve Jobs founded in 1976 in a garage in California.
It is the highest value ever recorded in the history of the United States for a company with traded shares.
Many media outlets, including the BBC, reported that this would have been the first time this threshold was reached in the world.
There was, however, another giant to reach that mark before.
In 2007, PetroChina, China's largest state oil producer, reached that figure on the Shanghai Stock Exchange.
This record, however, is surrounded by nuances and controversy, so it is ignored - or disregarded - by some media.
In numbers, the value would be written this way: $ 1,000,000,000,000.
It means a trillion dollars, equivalent to $ 3.75 trillion - is the value attributed in the stock market on Thursday to Apple, the company that Steve Jobs founded in 1976 in a garage in California.
It is the highest value ever recorded in the history of the United States for a company with traded shares.
Many media outlets, including the BBC, reported that this would have been the first time this threshold was reached in the world.
There was, however, another giant to reach that mark before.
In 2007, PetroChina, China's largest state oil producer, reached that figure on the Shanghai Stock Exchange.
This record, however, is surrounded by nuances and controversy, so it is ignored - or disregarded - by some media.
Apple reaches $ 1 trillion mark in market value
When the oil company reached this market value, more than ten years ago, only 2% of its shares were traded in the market and most remained the property of the Chinese government.
Its stock market quotation is currently no more than $ 205 billion.
Another factor that many question PetroChina's record is that the company's value at that time was backed by China's "A" share price, which routinely assigns extremely high ratings to issuers.
At that time mainland Chinese investors could only buy shares in the country which distorted the supply and demand relationship resulting in atypical quotations in the price of the papers. This scenario somehow helps to understand in part the sharp drop in PetroChina's market value that followed.
Thus, if the price of approximately 86% of the shares held by the Chinese government were set at levels on the Hong Kong stock exchange - which was not subject to this Shanghai restriction - PetroChina would have received a market capitalization of only US $ 420 billion (R $ 1.57 trillion), a position that would even place it behind the American Exxon Mobil.
The stock closed up 2.92% on Thursday (2), giving the company a market value of $ 1.001 trillion. (Photo: Reuters)
When the oil company reached this market value, more than ten years ago, only 2% of its shares were traded in the market and most remained the property of the Chinese government.
Its stock market quotation is currently no more than $ 205 billion.
Another factor that many question PetroChina's record is that the company's value at that time was backed by China's "A" share price, which routinely assigns extremely high ratings to issuers.
At that time mainland Chinese investors could only buy shares in the country which distorted the supply and demand relationship resulting in atypical quotations in the price of the papers. This scenario somehow helps to understand in part the sharp drop in PetroChina's market value that followed.
Thus, if the price of approximately 86% of the shares held by the Chinese government were set at levels on the Hong Kong stock exchange - which was not subject to this Shanghai restriction - PetroChina would have received a market capitalization of only US $ 420 billion (R $ 1.57 trillion), a position that would even place it behind the American Exxon Mobil.
The stock closed up 2.92% on Thursday (2), giving the company a market value of $ 1.001 trillion. (Photo: Reuters)
/i.s3.glbimg.com/v1/AUTH_59edd422c0c84a879bd37670ae4f538a/internal_photos/bs/2018/0/K/6f5k81RR2dThslWT6DOQ/2018-08-02t212700z-1-lynxmpee711wg-rtroptp-3-tech-china-apple.jpg "Ação fechou em alta de 2,92% na quinta-feira (2), o que dá para a companhia um valor de mercado de US$ 1,001 trilhão. (Foto: Reuters)")
How did Apple reach the market value of $ 1 trillion?
Apple's path to success has been from the ubiquitous iPhone to the entertainment industry, through communications, and now through the stock market.
The company's capitalization hit a record high in Thursday afternoon trading on the New York Stock Exchange, after its stock price exceeded $ 207 ($ 776).
This means that company quotes have risen more than 50,000% since they first appeared on the stock exchange in 1980.
Since then, Apple has evolved from the sale of Mac computers and phones to become a pioneer of the mobile revolution with a legion of fans around the world.
Earlier this year, industry media predicted Apple, Amazon or Alphabet (Google's parent company) would reach a trillion-dollar target, but the question was who would be the first to break the record.
The company's chances of achieving the iconic apple logo have been predicted for days after it said its last-quarter results exceeded expectations and announced it had spent $ 20 billion in its own stock.
Since 2011, when Tim Cook took over as CEO of Apple after Jobs died, the company's profits doubled. However, he struggled to develop a new product that would replicate the success of the iPhone, whose sales have fallen in recent years.
In fact, many experts believe that Apple may lose its lead to companies like Alphabet or Amazon if it does not find a new product or service capable of generating greater demand.
Apple's path to success has been from the ubiquitous iPhone to the entertainment industry, through communications, and now through the stock market.
The company's capitalization hit a record high in Thursday afternoon trading on the New York Stock Exchange, after its stock price exceeded $ 207 ($ 776).
This means that company quotes have risen more than 50,000% since they first appeared on the stock exchange in 1980.
Since then, Apple has evolved from the sale of Mac computers and phones to become a pioneer of the mobile revolution with a legion of fans around the world.
Earlier this year, industry media predicted Apple, Amazon or Alphabet (Google's parent company) would reach a trillion-dollar target, but the question was who would be the first to break the record.
The company's chances of achieving the iconic apple logo have been predicted for days after it said its last-quarter results exceeded expectations and announced it had spent $ 20 billion in its own stock.
Since 2011, when Tim Cook took over as CEO of Apple after Jobs died, the company's profits doubled. However, he struggled to develop a new product that would replicate the success of the iPhone, whose sales have fallen in recent years.
In fact, many experts believe that Apple may lose its lead to companies like Alphabet or Amazon if it does not find a new product or service capable of generating greater demand.
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