Apple makes history with $1 trillion market valuation
Apple makes history with $1 trillion market valuation
Apple Buybacks May Total $21 Billion in Q2
02 August, 2018, 20:41
Apple Inc. on Thursday became the first USA company to surpass $1 trillion in market value, underscoring the iPhone maker's explosive growth and its role in the technology industry's ascent to the forefront of the global economy and markets.
The tech company, launched from a garage in 1976, has been on a steady climb through the years, revolutionizing personal computers and phones with its Macs and iPhones.
That price translates to a $1 trillion market cap based on the current estimated number of outstanding shares. Apple briefly hit the $1 trillion mark before falling back below it amid fast-moving trade.
Previous year its sales hit $229bn, with profits of $48.4bn, making it the most profitable listed U.S. company. In a call with investors, CEO Tim Cook also touted growth in other areas such as smart home products, wearables, and services like the App Store and Apple Pay. Jim Cramer, for example, recently argued that Apple shares could start approaching $300.
Russia's Putin tells Trump: 'Be my guest in Moscow' Russian Federation and the United States have a stake in that, the whole word has a stake in that, in not starting an arms race. It led to him reading out a clarification in which he said he had misspoken, mixing up the word "would" with "wouldn't" .
The stock has been rising since Tuesday when it reported better than expected results for the three months to June.
Apple's stock has risen more than 50,000% since it first listed in 1980.
Apple said it expects revenue of $60 billion to $62 billion for the fiscal fourth quarter that ends in September 30. Amazon is valued at $870 billion, Google-parent Alphabet has a market valuation of $850 million and Microsoft's market cap is at just under $815 billion.
Apple's market milestone represents a remarkable turnaround for a company that was teetering on the brink of bankruptcy in the late 1990s, just before the return of visionary co-founder Steve Jobs.
The opposition alleged irregularities, saying results were not posted outside one-fifth of polling stations as required by law. Observers say it could be a tight race, but the opposition has said it will protest if their candidate is defeated.
And let's not forget Trump's obsession with European military spending. "Sales have been great ever since 2015", she said. So what do the two sides want? "And we are going to be pushing the administration for a long-term solution.
We hear Trump say "pay with cash", we hear Cohen saying "no no no", someone says "check", and the thing suddenly ends. McDougal sold her story for 150,000 dollars to the National Enquirer which refrained from publishing the story.
Businesses added 2.3 million jobs in 2016, before Trump took office, more than the 2.2 million gained in 2017. For the year, the economy is likely to expand at a 3 per cent pace or more for the first time since 2005.
The material includes photographs and possibly notes that prosecutors believe were not relevant to the government's case. Manafort, a longtime Republican operative and businessman, appeared in court for the hearing in a green prison jumpsuit.
Elections were also held on Wednesday for four provincial assemblies-Punjab, Sindh, Balochistan and Khyber-Pakhtunkhwa. Wednesday's election will be only the second civilian transfer of power in Pakistan's 71-year history.
Authorities had not reopened any evacuated neighbourhoods where fires raged due to safety and ongoing investigations. The bulldozer operator was identified by the Shasta County Sheriff's Department as Don Ray Smith of Pollock Pines.
At the time of the brawl, McGregor was angry that the UFC had stripped him of the lightweight title, according his Twitter posts. Two fighters were injured by flying glass during the attack and were forced to pull out of a UFC event the following weekend.
He lost a Republican primary for his seat on May 22, but he could have remained in public office through to the November election. In a second section called "How to stop a kidnapping" Mr Spencer loudly shouted the n-word several times to "attract attention".
The former worldwide cricket star Imran Khan promises a "new Pakistan " as he claimed victory in the country's general election. This was the first conversation between the two leaders after the results of the July 25 elections in Pakistan were announced.
Such changes will surely only help boost her efforts to fit in with the Royals and take the worldwide stage as a humanitarian. However, for all the praise she has been receiving, Meghan has also attracted a fair amount of scorn from royal commenters.
The Israeli military said it fired two Patriot missiles at the Syrian Sukhoi fighter jet that crossed around a mile into Israel. On July 16, Syrian army took control of a strategic hill overlooking the Israeli-occupied Golan Heights.
White House: Trump receives new letter from Kim Jong Un
Last week, US Secretary of State Mike Pompeo told senators that Pyongyang was continuing to produce fuel for nuclear bombs. The handover of the 55 caskets last Friday was part of the commitment Kim Jong-un made to Trump at the June 12th summit.
North Korea said to be working on new missiles
The officials say evidence, including satellite photos taken recently, suggests that construction is underway on one or two ICBMs. North Korea's leader Kim Jong Un waves before departing Pyongyang to Singapore on June 10, 2018.
Vote count underway in Zimbabwe
The Zimbabwe Electoral Commission said it had so far released results for seven parliament seats out of 210. ZEC chairwoman Priscilla Chigumba told journalists today: "We will not subvert [the people's will]".
Facebook Stock Decline Is Largest One-Day Drop in U.S. History
Global DAU rates increased by 11% compared to the year-ago quarter, but they were still below what Wall Street was calling for. The company may have halted more ad purchases than expected as it applied a broad definition of what's considered "political".
Dumoulin furious as motorbike 'paces' rival to Tour stage win
Dumoulin, a time trial specialist and strong climber racing for Sunweb, was always likely to emerge as Sky's closest challenger. A member of the Gendarme caused the two men to stop abruptly and crash before he then pulled Chris Froome off his bicycle.
WTF Moments from Roseanne Barr's 'Hannity' interview
Actress Roseanne Barr waves on her arrival to the 75th Golden Globe Awards in Beverly Hills, California, U.S., January 7, 2018. He went on to say, "I just want to find out what it was all about, why it happened, the lead up to it, the aftermath of it".
Molinari breaks Italy's majors duck - English
Number of Italian major champions as of 6:53 p.m.in Carnoustie, the moment Molinari officially became the British Open champion. The 42 year old said he had enjoyed being in contention again at the front as he put loss of form and injuries behind him.
Longest Blood Red Moon Witnessed Friday for Two Hours
Those of you in the United Kingdom should look for this eclipse starting in at around 11PM (that's 23:00 hours) local time. During an annular eclipse, NASA uses ground and space instruments to view the corona when the moon blocks the sun's glare.
Arsenal boss Emery predicts 'big season' for Ozil
Ozil also blamed the German Football Federation (DFB) for failing to defend him against his most strident critics. Arsenal take on Atletico Madrid at the National Stadium before they also play Paris St Germain on Sunday.