Apple just hit a $1 trillion market cap—here's why its little-known third co-founder sold his 10% stake for $800

Apple just hit a $1 trillion market cap—here's why its little-known third co-founder sold his 10% stake for $800

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/08/02/why-ronald-wayne-sold-his-10-percent-stake-in-apple-for-800-dollars.html

Apple shares hit a historic $1 trillion market cap value on Thursday, becoming the first publicly traded U.S. company to ever reach the milestone. The stock briefly hit the $207.05 per share price that was needed to bring Apple to the $1 trillion mark before retreating.

"I think it just speaks to just how powerful the Apple ecosystem has become over the last few decades," GBH Insights analyst Dan Ives told CNBC after the historic market move. "This is not the end, that they hit $1 trillion. I view this as just kind of speaking to a new a stage of growth and profitability."

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