World’s First Trillion Dollar Company is…NOT Apple Inc.
Despite, the thousands of media companies boasting this so-called victory for Apple, Apple is certainly not the world’s first trillion dollar company and almost certainly will not be the last.
While Apple Inc. is the first of its kind to reach a trillion dollar valuation, a disclosed USA-based tech company, Apple wasn’t the first.
You may ask, who was the first? It is difficult to say since many companies are actually undisclosed trusts. Most companies that are currently running and have a valuation of over a trillion dollars are either undisclosed or have a complicated company structure. In history, there have been many companies who will be worth over a trillion dollars today if they still existed or didn’t split up such as Standard Oil.
Apple’s major and largest rival is Huawei, a Chinese-based Telecommunications company which claims claim that it is Chinese government sponsored. More or less, Huawei is the second largest smartphone maker in the world (after Samsung Electronics) while Apple is third. However, Apple’s high prices and domination of the USA market (thanks to President Donald J. Trump’s suspicion over the Chinese government) has helped it stay well alive and healthy.
Source(s): ElElIt.com Journalism and Business Insider