Financial fruit: Apple becomes 1st trillion-dollar company

Financial fruit: Apple becomes 1st trillion-dollar company

6 years ago
Anonymous $oIHRkISgaL

https://phys.org/news/2018-08-financial-fruit-apple-1st-trillion-dollar.html

The achievement seemed unimaginable in 1997 when Apple teetered on the edge of bankruptcy, with its stock trading for less than $1, on a split-adjusted basis., and its market value dropping below $2 billion.

To survive, Apple brought back its once-exiled co-founder, Steve Jobs, as interim CEO and turned to its archrival Microsoft for a $150 million cash infusion to help pay its bills.