Tuesday, 14 August, 2018

Apple becomes first trillion dollar USA company

Apple Stock Buyback Tops $20B In Second Quarter Apple becomes world's first trillion dollar company
Orlando Vargas | 03 August, 2018, 06:43

The stock has risen more than 21% so far this year, its latest rally coming after it reported strong revenue and profit gains Tuesday as demand for high-price iPhones. However, Apple has always looked the most likely victor, as I noted in June: Apple is close to becoming the first United States company worth $1 trillion. According to a quarterly report that Apple filed with the SEC on Wednesday, the company had 4,829,926,000 shares outstanding as of July 20, the most recent figure available.

The company's fortunes were turbocharged by the launch of personal gadgets such as the iPod in 2001 and the iPhone in 2007.

In fact, Amazon, Alphabet, and Microsoft could soon be joining Apple over the $1 trillion threshold - currently, they're worth $886 billion, $844 billion, and $825 billion respectively.

Consider the plight of Exxon Mobil, which was the most valuable USA company five years ago.

The dream of being the world's first trillion-dollar company is something the tech giants have always been chasing and, while Apple was the first to cross the finish line, the rest aren't all that far behind: Microsoft now sits at a $824 billion valuation, while Alphabet and Amazon loom just ahead at $854 billion and $878 billion, respectively - each a gilded stone's throw away from a trillion. The price ticked up to $207.05.

Jordan army clashes with Islamic State militants fleeing Syrian forces
Israeli soldiers patrol the cease-fire line between Israel and Syria , as seen from the Israeli-occupied Golan Heights. It said the new Russian posts would be handed over to the Syrian government once the situation had stabilised.


Trump's Boast About Getting Fallen Heroes From Korea Is Collapsing
But examination showed that the remains were from more than 208 individuals. "Some have called the Korean War the forgotten war". The 55 boxes, draped in the blue and white flag of the United Nations, are each small enough to be carried in one person's arms.


Blueprints for 3D-printed guns could be available this week
A settlement between the State Department and Defense Distributed is allowing the release of plans for guns online. The activist, Cody Wilson, argued that the ban violated his rights under the USA constitution.


Those are billed as higher-margin businesses, but because of Apple's spending the company's margins have actually been decreasing.

In midday trading, Apple Inc became the first publicly traded company with a market capitalization exceeding $1-trillion. Once the noise has died down share price may see a slight drop and they may not remain at the trillion dollar mark.

One of three founders, Jobs was driven out of Apple in the mid-1980s, only to return a decade later and rescue the computer company from near bankruptcy.

Stock market veterans note that the first trillion-dollar public company - if only briefly - appears to have been PetroChina Co.

In addition to device sales, Apple's services and software revenue reached a new milestone during the June quarter; this encompasses iCloud, Apple Pay, Apple Care, iTunes, and more. It also announced that it had used some of its huge pile of cash to buy back shares worth billions. Shares of Apple this week traded at about 15 times expected earnings, compared to Amazon at 82 times earnings and Microsoft at 25 times earnings.

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