Friday, 19 October, 2018

Apple becomes world's first trillion-dollar company

Apple becomes first $1 trillion publicly listed US firm Apple becomes world's first trillion-dollar company
Orlando Vargas | 03 August, 2018, 17:40

On Thursday, Apple became the first United States company to ever reach a $1 trillion worth when its shares climbed past $207.05, even reaching a new all-time high of $208.38.The record-breaking shares came after the firm announced impressive earnings that beat even optimistic forecasts.

Apple has what is considered the most devoted brand community in the world and its ad campaigns are legendary for personal touches that foster a deep loyalty among its customers. I think the best way to look at this market is that there will soon be only two major players, Amazon and Microsoft, and then a bunch of smaller players.

A few days ago, it was announced that Apple was nearing the trillion dollar mark in terms of their market value. While we have much to be proud of in this achievement, it's not the most important measure of our success.

It may have been the vision of Steve Jobs that hurtled Apple towards this milestone, but it was the business acumen of Tim Cook that tipped them over. Along the way, it has changed how consumers connect with one another and how businesses conduct daily commerce.

To put that into perspective, Boeing's market capitalization is about $204B. It now accounts for 4 percent of the S&P 500.

The stock has risen more than 21 per cent this year and an eye-watering 50,000 per cent since it became a public company in 1980. That put Apple on a path to overtake Exxon Mobil in 2011 as the largest US company by market value.

The quarter also marks a new revenue record for Apple services at US$9.5 billion which is a 31% increase year on year.

June 2015: Apple Music streaming service launches including internet radio from Beats, a startup Apple bought the prior year in a deal valued at $3 billion.

Carr Fire evacuees return home, some find ashes
Farther south, the Mendocino Complex Fire is threatening more structures. Schultz reported for the Record Searchlight in Redding, California.


RBI increases repo rate by 25 bps to 6.50%, reverse repo unchanged
However, the policy committee signaled that it was in no hurry to raise them further with an uncertain Brexit on the horizon. What will an increase mean for households? After the last rate rise in November, half of savings accounts were unchanged.


Arizona Diamondbacks acquires Brad Ziegler and Jake Diekman
He has an overall 1.029 WHIP in his 29 outings this season, averaging 12.0 strikeouts per 9 innings and 0.6 home runs per 9. He will be arbitration eligible beginning next season and will not be eligible for free agency until after the 2021 season.


"We still see upside from it, and as new money gets deposited we continue to buy, preferably on the dip", Carbone said. Stock in the technology company reached the huge number during trading on Thursday.

Though there's been chatter of a tech meltdown as Facebook and Twitter shares plummeted after poor earnings showings and a possible time of reckoning, other tech giants like Apple, Amazon, Alphabet, and Microsoft have all posted strong earnings in the last quarter.

"There's optimism now that the USA style of threatening tariffs may ultimately come to fruition in a deal", said Brad Neuman, director of market strategy at Alger, a growth equity asset management firm in New York City.

Jobs remained mercurial when he returned to Apple, but he had also become more thoughtful and adept at spotting talent that would help him create a revolutionary innovation factory.

Stock markets are volatile, and a small but growing threat from Chinese smartphone makers might eat into Apple's margins in the coming years.

While the thirteen digits don't lie, BusinessWeek's 1996 assessment of Apple wasn't that far-fetched.

Speaking of Steve Jobs, Apple's mercurial co-founder once had something interesting to say about turning around Apple when he returned to the company in 1997.

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