Going just by the stock prices of its peers, the interesting thing about Apple isn’t that it’s worth $1-trillion. It’s that it’s not worth more. Not that investors are complaining.
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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.
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.
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.
When Apple reports results on Tuesday, investors will seek insight into upcoming new iPhones and how the current flagship iPhone X is performing.
In the podcast this week, rumours of a new foldable Samsung phone, the growing importance of WhatsApp as a communications platform in South Africa, mirrorless cameras, a new Lego store and much more.
For a technology sector on the verge of begetting two trillion-dollar companies in Amazon.com and Apple, the requirements are getting daunting.
Spotify Technology gained more subscribers than expected, but it wasn’t enough for investors who are worried about competition from Apple and Amazon.com.
Facebook has racked up plenty of milestones in its pioneering journey. Now the social media giant is poised to add one it would doubtless rather avoid: the biggest stock market wipe-out in American history.