Apple has become the first US company to reach $1 Trillion Dollar Market Cap:
https://www.usatoday.com/story/money/2018/08/02/apple-first-stock-hit-1-trillion-market-value/877867002/
The arbitrary milestone is a reminder of how big a trillion is.
Lets take a look at this oldie but goodie visualization by http://demonocracy.info/infographics/usa/us_debt/us_debt.html
^ Ten thousand dollars ($10,000)
^ One Million dollars ($1,000,000)
^ One hundred million dollars ($100,000,000)
^ One billion Dollars ($1,000,000,000)
^ Apples current market cap..... One trillion dollars ($1,000,000,000,000)
For a video version :
Great for Apple! Apple has created tremendous value for consumers and changed the way many people live their lives. This is a brilliant company and has some of the most influential products in the last few decades.
Now for the bad news.
How much debt has the US racked up as a nation? Get ready:
Actually that was 2017. Add another Apple (1 trillion) on top of that as of today:
If that doesnt make you want to own even just a little of this:
I’m not sure what will.
I am not big into scare tactics, but its difficult not to at least be slightly CONCERNED to see the national debt rack up an Apples worth of debt in less than a year. For context, it took Apple 42 years to reach a $1 trillion valuation.
An apple day < Mene 24k!
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