Apple has hit many crucial milestones during its 42-year existence. Obvious examples include when it was founded in 1976 by Steve Jobs and Steve Wozniak, the 1984 launch of the Macintosh, and the arrivals of the iPod, iPhone and iPad in 2001, 2007 and 2010 respectively.
Apple has hit many crucial milestones during its 42-year existence. Obvious examples include when it was founded in 1976 by Steve Jobs and Steve Wozniak, the 1984 launch of the Macintosh, and the arrivals of the iPod, iPhone and iPad in 2001, 2007 and 2010 respectively. However, Apple has reached yet another crucial point by becoming the first US company to achieve a market capitalization of $1 trillion. What does this milestone really mean?
A STUNNING VALUATION MANY YEARS IN THE MAKING
Apple had long been forecast to reach a $1 trillion valuation. In November 2017, the company’s market cap was roughly $900 billion, leading Drexel Hamilton analyst Brian White to enthuse: “We were the first on Wall Street to project that Apple would reach a $1 trillion market cap as reflected by a price target”. Another analyst, Amit Daryanan of RBC Capital Markets, also anticipated Apple meeting this goal - and possibly even surpassing it - by the close of 2018.
In fact, analysts’ predictions of a $1 trillion valuation for Apple can be traced as far back as 2012. The company’s stock price has continued steadily growing since then, with the momentum scarcely interrupted this year. However, it wasn’t until Apple announced third-quarter earnings shattering expectations that the spark was set for Apple to finally reach the magic number. The stock price saw impressive growth of 5% during the 24 hours after the earnings reveal.
A FEAT STRONGLY SYMBOLIZING APPLE’S PROWESS
هذه القصة مأخوذة من طبعة August 11, 2018 من Techlife News.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة August 11, 2018 من Techlife News.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Apple Set to Unveil New iPads at
Apple Inc. has officially announced its upcoming “Let Loose” event scheduled for May 7, signaling a significant showcase of new hardware, specifically focusing on the iPad line.
META UNDER FIRE FROM EUROPEAN UNION FOR NOT DOING ENOUGH ABOUT ELECTION DISINFORMATION
The European Union said this week that it’s investigating Facebook and Instagram for suspected violations of the bloc’s digital rulebook, including not doing enough to protect users from foreign disinformation ahead of EU-wide elections.
SCAMMERS STOLE MORE THAN $3.4 BILLION FROM OLDER AMERICANS LAST YEAR, AN FBI REPORT SAYS
Scammers stole more than $3.4 billion from older Americans last year, according to an FBI report released this week that shows a rise in losses through increasingly sophisticated criminal tactics to trick the vulnerable into giving up their life savings.
THE TIKTOK LAW KICKS OFF A NEW SHOWDOWN BETWEEN BEIJING AND WASHINGTON.WHAT'S COMING NEXT?
TikTok is gearing up for a legal fight against a U.S. law that would force the social media platform to break ties with its China-based parent company, a move almost certainly backed by Chinese authorities as the bitter U.S.China rivalry threatens the future of a wildly popular way for young people in America to connect online.
LAWMAKERS AND ADVOCATES MAKE LAST-DITCH PUSH TO EXTEND AFFORDABLE INTERNET SUBSIDY
Twenty-three million families in the U.S. will have bigger internet bills starting in May. That’s because a federal broadband subsidy program they’re enrolled in is nearly out of money.
SAMSUNG REPORTS A 10-FOLD INCREASE IN PROFIT AS AI DRIVES REBOUND IN MEMORY CHIP MARKETS
Samsung Electronics reported this week a 10fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips.
ELIMINATION OF TESLA'S CHARGING DEPARTMENT RAISES WORRIES AS EVS FROM OTHER AUTOMAKERS JOIN NETWORK
Elon Musk’s move to lay off the department responsible for Tesla’s electric vehicle chargers has touched off worries in the auto industry that EVs from other automakers will have trouble joining Tesla’s network.
AMAZON REPORTS STRONG 1Q RESULTS DRIVEN BY ITS CLOUD-COMPUTING UNIT AND PRIME VIDEO AD DOLLARS
Amazon reported this week strong results for the first quarter, driven by growth in its cloud computing unit and new advertising dollars from its Prime Video streaming service.
FCC FINES WIRELESS CARRIERS FOR SHARING USER LOCATIONS WITHOUT CONSENT
The Federal Communications Commission has leveraged nearly $200 million in fines against wireless carriers AT&T, Sprint, T-Mobile and Verizon for illegally sharing customers' location data without their consent.
JOURNALISTS CRITICAL OF THEIR OWN COMPANIES CAUSE HEADACHES FOR NEWS ORGANIZATIONS
This spring, NBC News, The New York Times and National Public Radio have each dealt with turmoil for essentially the same reason: journalists taking the critical gaze they deploy to cover the world and turning it inward at their own employers.