Businessweek mocks old cover predicting Apple’s fall after it becomes first US company to hit $1T
Bloomberg Businessweek on Thursday mocked itself over an old cover predicting Apple’s fall.
Apple earlier in the day became the first U.S. public company to be valued at $1 trillion dollars.
“LOL,” the business magazine’s official account tweeted alongside a photo of the cover, which reads “The Fall of an American Icon.”
LOL pic.twitter.com/Z0Z0c2CaEs
— Businessweek (@BW) August 2, 2018
The 1996 Businessweek story described Apple as “the hip flagbearer of high tech” and lamented its trajectory towards a “sad decline.”
The 1996 Businessweek story described Apple as “the hip flagbearer of high tech” and lamented its trajectory toward a “sad decline.”
The creator of the ubiquitous iPhone is up more than 25 percent this year.
Apple has benefitted from booming App Store revenue and iPhone sales, particularly in China and Japan, CNNMoney reported.
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