Published: Sat, August 04, 2018
Markets | By Noel Gibbs

Apple Inc. Becomes A Trillion Dollar Company

Apple Inc. Becomes A Trillion Dollar Company

Apple became the first company to ever reach a $1 trillion market cap on Wednesday as its share price soared to $207.39. Unfortunately for Jeff Bezos, their evaluation stands at a measly $874 billion compared to Apple.

The market reacted to this success and the price of Apple stocks increased. On top of that, it has built a large and fast-growing business with the App Store, iTunes, Apple Music and other services, which pulled in $9.55 billion in sales in the most recent quarter.

Given the volatile nature of the stock market, Apple's Trillion Dollar valuation may get affected multiple times.

PetroChina, the world's fourth biggest oil company by revenue, was the first company to pass the $1tn mark in 2007.

The company's stock climbed on Thursday in the wake of a successful second financial quarter, leaving it a few billion dollars off the $1tr market cap.

Boeing crew-capsule mission delayed after abort engines fail in test
The uncrewed test flight will not take place before the end of 2018 or early 2019 and the crewed test flight in mid-2019. Since then, astronauts have relied on Russian Soyuz spacecraft to transport them to and from the orbiting space station.

Apple said it expects revenue of $60 billion to $62 billion for the fiscal fourth quarter that ends in September 30.

To put that into perspective, Boeing's market capitalization is about $204B.

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

Apple is officially the first American company to hit a $1 trillion valuation.

The iPhone maker was named as the only publicly listed United States company to be valued at $1,000,000,000,000 just before 5pm this afternoon. Some progressives take issue with all the money Apple gives back to its shareholders, almost $44 billion during the first six months of this year.

Samsung Galaxy Note 9 Price Leaked Courtesy of Promotional Posters
Although there's not much left to reveal, Samsung will officially debut the Galaxy Note 9 at its Unpacked event in NYC next week. Alongside the Note 9 , Samsung is reportedly planning to launch a tablet - Galaxy Tab S4 - and also a Galaxy Watch .

Amazon is now the second-largest publicly-listed USA company, with a market capitalization of $889 billion, followed closely by Alphabet and Microsoft, at $856 billion and $830 billion respectively.

"With the company's sales reorganisation firing at all cylinders and last year's re-org in rear view, we expect solid execution amid a strong demand environment to drive ongoing double-digit growth", Piper Jaffray analysts led by Alex Zukin wrote in a note.

Wall Street thinks Apple could go even higher.

Apple Incorporated is now the world's most valued company.

That said, the competition's continued success doesn't lessen the significance of today's milestone - a capstone to the company's meteoric rise to power over the last decade after a period of near-death in the '90s.

Tim Allen: Expect centrist ‘Last Man,’ not vocal Trump fan
Fans clamoured for more, and Fox announced its decision last May to revive the show produced by sibling 20th Century Fox Television.

Apple has fought myriad patent battles with rivals, particularly South Korean consumer electronics colossus Samsung, arguing that its product design is as much its intellectual property as the hardware and software.

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