Apple Becomes the First Trillion-Dollar Company

Apple has officially become the first publicly traded U.S. company to reach a $1 trillion market valuation, marking a historic milestone for the tech giant. 

Driven by strong iPhone sales and its ever-expanding services business, Apple’s stock soared past the trillion-dollar mark earlier this year.

However, the celebration didn’t last long. Reports of slowing iPhone demand, particularly in China, have sent Apple’s stock tumbling. 

Analysts warn that Apple’s heavy reliance on iPhone sales may be a long-term risk, as smartphone growth slows worldwide.

To counteract the decline, Apple is doubling down on services like Apple Music, iCloud, and the App Store. 

The question now is whether the company can successfully transition from a hardware-centric business to a services powerhouse.