Publicado: Sáb, Agosto 04, 2018
Financiera | Por Marilu Caballero

Apple just became the first $1 trillion public company

Apple just became the first $1 trillion public company

SAN FRANCISCO Amazon, Microsoft and Alphabet are locked in a tight race to become the second publicly-listed US company to reach a $1 trillion stock market value after Apple became the first to touch the 13-digit milestone.

"Apple's growing share of the high-end smartphone market positions the company with a strong, loyal customer base that could enable Apple to maintain the high levels of annual iPhone sales despite the higher (selling prices) for the iPhone X", Walkley says.

Adjusted for splits, Apple's stock price has risen almost 40,000% since its initial public offering in 1980.

Apple's success was fueled in large part by its iPhone, which transformed it from a niche player in the burgeoning personal computer sector into a global technological powerhouse.

While Apple is the first company to hit the trillion dollar mark, it is likely to be followed by Alphabet, Amazon and Microsoft. "Given our confidence in Apple's future, we are very happy to announce that our Board has approved a new $100 billion share repurchase authorization and a 16 percent increase in our quarterly dividend", he added. After launching the iPhone - arguably its most famous product - in 2007, Apple now churns out over 40 million of the devices every quarter, helping it rake in $254.63 billion in revenue previous year.

Apple is worth $1,001,679,220,000.

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Jobs eventually introduced such popular products as the iPod and iPhone that have driven Apple's rise. Apple on the other hand is the first non-state-owned company to reach this stratospheric valuation on its own merits without implicit government guarantees or backing.

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.

For now, though, Apple seems to be at the top of its game, expanding recently into the Chinese market and finding success overseas.

Since September 2017, Apple has seen double-digit year-on-year revenue growth across the Greater China region.

It would appear that, in the stewardship of Apple, Cook is following in the footsteps of the late and much revered Jobs; a heartening tale of good cop/good cop, incorruptible by even unprecedented amounts of money.

Apple isn't safely ahead of everyone else yet, Amazon is now valued at around 900 billion and is closing in on a trillion steadily as well. In August 2011, 18 months after iPad was launched, the firm was worth a whopping $624 billion.

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