Thursday, April 25

Tag: apple stocks

Apple to Become First $1 Trillion Company Soon Beating Amazon
14May By Lavina TolaniNo Comments
News

Apple to Become First $1 Trillion Company Soon Beating Amazon

Apple's market capitalisation topped a record of $934 billion on Thursday making the tech giant come at the verge of becoming the first $1 trillion publicly listed US company which might take over Amazon in the coming times. The iPhone maker also witnessed an impetus after Warren Buffet announced the purchase of 75 million additional Apple shares in the first quarter. Founded in 1976 under Steve Jobs, company's annual revenue had grown to $229 billion which is greater than the GDP's of countries like New Zealand and Portugal. Moreover a 12% surge since its quarterly report last week, the California based company is just 8 percent short of hitting the $1 trillion valuation mark. Meanwhile, Saudi Arabian authorities have said that they expect a planned international public offeri...
Read More
Apple Firmly On Course For $1 Trillion Valuation: Analysts
4Nov By reutersNo Comments
ANALYSIS

Apple Firmly On Course For $1 Trillion Valuation: Analysts

Apple Inc’s shares rose to a record high on Friday as more analysts set a trillion-dollar valuation on the company, following a blowout fourth quarter and an upbeat forecast that quashed investor concerns around the iPhone X. The stock rose as much as 3.7 percent to $174.26, briefly breaching $900 billion in market value, amid declines in the broader market. The gains added nearly $32 billion to the company’s market capitalization. The Cupertino, California-based company also forecast a strong holiday quarter ahead, which will include the iPhone X that started selling on Nov. 3. “We see iPhone X unlocking pent-up iPhone upgrades, especially in China, driving more than 20 percent iPhone unit growth and a revenue and earnings beat in 2018,” analyst Katy Huberty on Morgan Stanley said....
Read More