Apple is world's first publicly traded company worth $1tn

Ah yes, my parents have one of those, as well as a prepaid Android from Cricket Wireless. I doubt either one cost more than $100, and if what you need out of a phone is something that makes calls, takes texts, and runs Google apps, those sorts of devices are barely adequate but do the job. But in no way would anyone see them as a realistically equivalent device to a top-of-the-line Android or iPhone.

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