TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentral TechCentral
    NEWSLETTER
    • News

      Alviva shares leap higher on R3-billion take-private offer

      30 June 2022

      Signs Eskom crisis is creating diesel shortages

      30 June 2022

      Management shake-up at Absa

      30 June 2022

      Eskom ramps up load shedding as crisis deepens

      30 June 2022

      Huawei, MTN to help build 5G-powered ‘smart mine’

      30 June 2022
    • World

      Graphics card prices plummet as crypto demand dries up

      30 June 2022

      Bitcoin just had its worst quarter in a decade

      30 June 2022

      The NFT party is over

      30 June 2022

      Samsung beats TSMC to 3nm chip production

      30 June 2022

      Napster plots crypto comeback

      29 June 2022
    • In-depth

      The great crypto crash: the fallout, and what happens next

      22 June 2022

      Goodbye, Internet Explorer – you really won’t be missed

      19 June 2022

      Oracle’s database dominance threatened by rise of cloud-first rivals

      13 June 2022

      Everything Apple announced at WWDC – in less than 500 words

      7 June 2022

      Sheryl Sandberg’s ad empire leaves a complicated legacy

      2 June 2022
    • Podcasts

      How your organisation can triage its information security risk

      22 June 2022

      Everything PC S01E06 – ‘Apple Silicon’

      15 June 2022

      The youth might just save us

      15 June 2022

      Everything PC S01E05 – ‘Nvidia: The Green Goblin’

      8 June 2022

      Everything PC S01E04 – ‘The story of Intel – part 2’

      1 June 2022
    • Opinion

      Has South Africa’s advertising industry lost its way?

      21 June 2022

      Rob Lith: What Icasa’s spectrum auction means for SA companies

      13 June 2022

      A proposed solution to crypto’s stablecoin problem

      19 May 2022

      From spectrum to roads, why fixing SA’s problems is an uphill battle

      19 April 2022

      How AI is being deployed in the fight against cybercriminals

      8 April 2022
    • Company Hubs
      • 1-grid
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»World»Apple isn’t the first stock to take a shot at $1 trillion

    Apple isn’t the first stock to take a shot at $1 trillion

    World By Agency Staff7 May 2018
    Facebook Twitter LinkedIn WhatsApp Telegram Email

    Warren Buffett boosting his stake in Apple has pundits predicting it is poised to hit US$1 trillion (R12.5 trillion) in market value. But the iPhone maker isn’t the first to tread that lofty path.

    PetroChina crossed the milestone back in November 2007, when its mainland shares almost tripled in value in their Shanghai trading debut.

    But the state-controlled energy company dropped below that level within a day and had fallen below $500bn by March 2008. It now ranks fifth among Chinese companies, at less than half the market values of e-retailing behemoth Alibaba Group and e-payment giant Tencent Holdings — which both traded above the equivalent of $500bn at several points this year.

    Apple topped $500bn for the first time in February 2012. Currently, Amazon.com, Microsoft, Google’s parent Alphabet and Facebook are all half-trillion-dollar-plus companies.

    Microsoft was the first company to reach $500bn in July 1999. It was about half China’s annual GDP at the time. China’s GDP is now more than $11 trillion.  — Reported by Lee Miller, (c) 2018 Bloomberg LP

    Alphabet Amazon Apple Facebook Google Microsoft PetroChina top
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleHow to make your home router hacker-proof
    Next Article Niel Schoeman steps down as Vumatel CEO

    Related Posts

    Graphics card prices plummet as crypto demand dries up

    30 June 2022

    Bitcoin just had its worst quarter in a decade

    30 June 2022

    The NFT party is over

    30 June 2022
    Add A Comment

    Comments are closed.

    Promoted

    Billetterie simplifies interactions between law firms and clients

    30 June 2022

    Think herding cats is tricky? Try herding a cloud

    29 June 2022

    How your business can help hybrid workers effectively

    28 June 2022
    Opinion

    Has South Africa’s advertising industry lost its way?

    21 June 2022

    Rob Lith: What Icasa’s spectrum auction means for SA companies

    13 June 2022

    A proposed solution to crypto’s stablecoin problem

    19 May 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.