Apple became the first US-based company with a market value of $1-trillion, four decades after the late Steve Jobs co-founded the firm in his parents’ garage in Silicon Valley.
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Apple may not have surpassed US$1-trillion in market value in the wake of this week’s solid results, but it remains the world’s biggest company – for now.
Huawei has pulled ahead of Apple to claim the number-two position in global smartphone shipments in the second quarter just behind Samsung Electronics, solidifying the rise of Chinese competitors.
Google is preparing to launch a censored version of its search engine for China that will block results Beijing considers sensitive, The Intercept reported.
Apple shares jumped 4% in extended trading after the company projected sales suggesting consumers are continuing to snap up the company’s high-end iPhones even as updated models are on the horizon.
Sony’s quarterly profit topped analyst expectations thanks to strong sales of PlayStation games and growth in its music business, which also benefited from a one-time gain on share sales of Spotify Technology.
The slowdown in the global smartphone market is starting to take a toll on Samsung Electronics, with net income falling short of analysts’ estimates as the sluggish market hit demand for its Galaxy devices.
The Chinese Internet giant, in which South Africa’s Naspers holds a 31.2% stake, has tumbled 25% from its January peak, erasing about $140-billion of market value.
When Apple reports results on Tuesday, investors will seek insight into upcoming new iPhones and how the current flagship iPhone X is performing.
Facebook has always had one absolute leader, cemented by a share class structure that maintained Mark Zuckerberg’s voting control even when he sold millions of shares. Some investors want change.