Will Apple retain its trillion-dollar bite?

Apple becomes world's first trillion dollar company

It became the first $900 billion company exactly nine months ago, on November 3, 2017.

The iPhone-maker's shares struck an all-time high of $207.05 during trading in NY, pushing its market capitalisation past the landmark trillion-dollar level to $1.02 trillion.

After the news, Apple's CEO Tim Cook released a memo to employees thanking them for their hard work. In comparison, competitor Amazon reached the $900 billion milestone last month.

With over 1 billion Apple devices in daily use, the traction this ecosystem provides ensures that the company will have dependable returns regardless of market conditions.

Jeff Carbone, co-founder of Cornerstone Financial Partners in Charlotte, North Carolina, has included Apple in his clients' portfolios for about a decade. But let's not overstate the case; with 56% of revenue coming from iPhones last quarter, Apple is still a handset company.

Apple has seen sales of Mac computers grow despite overall shrinking in the market. The shares are up 22 per cent so far this year.

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.

PetroChina once had a $1 trillion valuation, but only briefly, and most of its shares were owned by the Chinese government. Second, Apple compares well with the broad market on measures of risk, financial strength, and growth potential, which means it arguably deserves a premium valuation. The number will likely still fluctuate as the stock market often does, but this is another milestone to add to Apple's long history. Since 1980, IBM Corp IBM.N , Exxon Mobil XOM.N , General Electric Co GE.N and Microsoft have also alternated as the largest publicly listed US company.

Behind Apple are Amazon, Google parent Alphabet, Microsoft and Facebook. All the enthusiasm around the $1 trillion market capitalization, both those things have just exhausted the current trading in Apple. It is now worth about $200 billion, according to Thomson Reuters data.

Apple became the first US-based company with a market value of $1 trillion (R13.3 trln) after its shares went up 3 percent on Thursday.

Related News:

  • Florentino Perez: 'Luka Modric available for £670m'

    Florentino Perez: 'Luka Modric available for £670m'

    Gazzetta says Modric's wife, Vanja Bosnic, has made contact with Inter to offer the midfielder to the Italians . Cristiano Ronaldo has already quit Real Madrid for Italy, joining Juventus in a £105m deal.
    Galaxy Note 9 Leaks In Officially Uploaded Video

    Galaxy Note 9 Leaks In Officially Uploaded Video

    Not only do we have a very detailed look at the yet to be announced device, certain markets will receive a 512GB variant as well . On top of the onboard storage, the Galaxy Note9 will also support up to a full 1TB of additional storage via microSD.
    Robert Lewandowski, Anthony Martial, Wilfried Zaha

    Robert Lewandowski, Anthony Martial, Wilfried Zaha

    They are now scheduled for a friendly at Bayern Munich this weekend before the Premier League curtain raiser against Leicester City.
  • China threatens U.S. with $60B in tariffs on coffee, honey

    China threatens U.S. with $60B in tariffs on coffee, honey

    The ministry also said that the United States measures violated the World Trade Organization rules and damaged China's interests. The US tariffs now in place or threatened add up to nearly half of the value of goods it imported from China a year ago .
    Danish ban on Islamic full-face veil takes effect

    Danish ban on Islamic full-face veil takes effect

    Instead, the law criminalises women for their choice of clothing - making a mockery of the freedoms Denmark purports to uphold'. Muslims account for approximately five percent of Denmark's population, with around 200 women opting to wear an Islamic veil.
    Pompeo Renews Calls for the Return of American Pastor Imprisoned in Turkey

    Pompeo Renews Calls for the Return of American Pastor Imprisoned in Turkey

    Cavusoglu told Turkish press that the meeting was "constructive", but also spoke out against the sanctions. Pastor Brunson is an innocent pastor and they need to let him a return to the United States".
  • Drake’s

    Drake’s "In My Feelings" Music Video Is Finally Here!

    Yesterday, Drake announced on IG that he would be dropping the long-awaiting video for his viral single " In My Feelings ". Karena Evans helmed the production, reteaming with Drake after directing the two aforementioned videos.
    Missing Iowa Jogger Mollie Tibbetts: Police Rule Out Possible Sighting

    Missing Iowa Jogger Mollie Tibbetts: Police Rule Out Possible Sighting

    Police say someone spotted a woman who they believed looked like Tibbetts at the Pilot Travel Center, according to KCRG . Authorities plan to update the investigation and will provide more statistics on other missing persons cases in Iowa.
    Assam issue India's internal matter: Official UNB, Dhaka

    Assam issue India's internal matter: Official UNB, Dhaka

    Will they be left in limbo without rights? Almost all were Muslim and many were children. There have been no reports of violence and security remains tight.
  • Suspect in doctor's killing transferred house deed day earlier

    Suspect in doctor's killing transferred house deed day earlier

    An open gate also sparked concern the suspect may have tried to gain reentry to the home one day after it was searched by police. On Monday, Houston police tweeted out video of the suspect in a nearby neighborhood immediately following the doctor's shooting.
    White House: 'The President Is Not Obstructing, He's Fighting Back'

    White House: 'The President Is Not Obstructing, He's Fighting Back'

    Democratic lawmakers criticized Trump for seeking an end to the probe and urged that Congress protect the investigation. Giuliani said. "We have every reason to believe they don't have anything of the President doing anything wrong".
    Murray 'starting from scratch' in Washington

    Murray 'starting from scratch' in Washington

    But Murray clinched a second, and decisive, break in the ninth game of the set and held on to level the match at one set apiece. If I win a couple of matches here, I could move up 300, 400 spots in a week, which is nice.


Most liked

Archbishop, locals chime in after Pope Francis dismisses death penalty
Rights group Amnesty International recorded at least 993 executions in 23 countries in 2017, down 4% from 2016 and 39% from 2015. John Paul II directed the first edition of the Catechism of the Catholic Church back in 1992, as Catholic News reported .

Fortnite's Android release will dodge the Google Play Store, developer Epic confirms
Lastly, he states that Android's permission system will help protect users by informing them of what an app will be allowed to do. Epic Games has made a decision to not distribute the game through the Google Play Store for financial reasons.

Demi Lovato's Bodyguard Credited With Saving Her Life
One of TMZ's sources, said: "She could die if she doesn't, and that's not going to be on my watch that we did nothing". Cape Town - Demi Lovato has reportedly agreed to enter rehab after allegedly overdosing on opioids.

Tim Allen's character on 'Last Man Standing' won't be talking about Trump
Allen, who is a conservative Trump supporter, discussed the climate for comedians in the current hyper-partisan political era. Meanwhile, the Last Man Standing crew addressed comparisons drawn by fans and foes alike between their show and Roseanne .

College Lake Dam considered stable after conditions assessment
Engineers determined that the dam's spillway was not large enough to handle water flow in the event of extreme weather conditions. According to the City of Lynchburg, Lakeside Drive from Old Forest Road to Moorman Drive, will be closed until further notice.

Everton have deal in place to sign Mina
While PSG wonderkid Kylian Mbappe openly admitted into attempting the diminutive midfielder into returning to France. If the 23-year-old does make the move to Merseyside, he would join former Barcelona teammate Lucas Digne.

West Nile fever confirmed in Kozhikode
In a very few cases, West Nile fever leads to encephalitis or meningitis with associated neck stiffness, confusion, or seizures. The resident started to feel ill on July 27 and was hospitalized the next day, the release said.

ALF Reboot in Development at Warner Bros
ALF originally aired on NBC and the network has had luck by bringing back Will and Grace for a revival season recently. Alf is now a pop icon, and the show is often referenced by other TV series llke " The Big Bang Theory " and " Mr.

Verizon and Motorola Unveil the First U.S. 5G Smartphone-Sort Of
However, its primary selling point will be the fact that it is upgradeable and we will be getting to that in just a bit. Moving on to Motorola One Power , the upcoming phone will be smartphone maker's second Android One device after Moto X4.

Sony’s PS4 Worldwide Shipments Top 82.2 Million Units
The figures are Sony's first quarterly results under new CEO Kenichiro Yoshida, who replaced Kazuo Hirai in April. That boosted royalties received by Sony, sending operating profit up 28% from a year ago to ¥32.1-billion.

Apple just became the first $1 trillion public company
Stock buybacks reduce the number of shares a company has on the open market, driving up the price of the remaining shares. Apple hit the US$1 trillion mark when its shares reached an all-time high of US$207.05 around midday in NY (4am NZT).

Swedish crown jewels stolen from cathedral before…
The crown jewels of Charles IX and his wife Christina were buried with them upon their deaths in 1611 and 1625 respectively. There has been no confirmation from the police, but the assumption is that the thieves smashed the glass.

Max Meyer: Crystal Palace sign Germany midfielder from Schalke
Meyer has also received a healthy signing on bonus as part of the deal and will meet up with his new teammates this week. The Guardian reports that the German has held "positive talks" over a move to Selhurst Park after leaving Schalke .

At meeting, Donald Trump praises Italy's immigration policies
As such, the president of the association Roberto Moncalvo praised Conte's will to raise the issue during talks with Trump. The pair also brushed over differences over Iran, where sanctions have hurt Italian-Iranian commercial relations.

International Champions Cup Report: Arsenal v Chelsea 01 August 2018
"For Emery it's very important he knows the club in and out, what the club wants" he said . Mr Wenger had been at the club for 22 years so obviously a lot of things have changed.