News Articles

Apple becomes the world`s first trillion-dollar company

Source: ITpro, 01/01/2018

iPhone maker in rude health as its rising share prices hit a landmark valuation Apple has become the world`s first trillion-dollar company after its share prices soared and pushed the company past the landmark valuation. The iPhone maker pulled in profits of $11.5 billion over three months after recording record sales that hit $53.3 billion. Apple`s shares jumped, pushing the value of the company up from $935 billion towards $1 trillion. `Growth was strong all around the world,` said Apple`s finance chief, Luca Maestri. The company is in an alarmingly healthy financial state with $285 billion of cash reserves and it made a net profit of $48.5 billion in 2017. Cupertino`s journey to the trillion dollar valuation famously started in the garage of co-founder Steve Jobs with the Apple I computer. Over its 42-year history, it has become a groundbreaking technology company making many celebrated products such as the Macintosh, the iPod and the iconic iPhone. Surprisingly, the iPhone actually didn`t sell as well as expected and Apple has fallen behind Chinese firm Huawei in the smartphone market, but the company still managed to make huge profits on the iPhone X by selling it at a higher price. Apple posted its quarterly revenue of $53.3 billion on Wednesday, an increase of 17% from the year before and quarterly earnings per diluted share of $2.34, up 40%. `We`re thrilled to report Apple`s best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth,` said Tim Cook, Apple`s CEO. `Our Q3 results were driven by continued strong sales of iPhone, Services and Wearables, and we are very excited about the products and services in our pipeline.`


Search

  •    THE media and the public will now be allowed to attend asylum seekers` appeals when conducted following the adoption of the Refugee Amendment Bill.... Read more...
  •    THE media and the public will now be allowed to attend asylum seekers` appeals when conducted following the adoption of the Refugee Amendment Bill.... Read more...
  •    THE media and the public will now be allowed to attend asylum seekers` appeals when conducted following the adoption of the Refugee Amendment Bill.... Read more...
  •    Cape Town - A Western Cape Cape High Court judge is facing a legal conundrum after three illegal immigrants arrested during a national clampdown – Operation Fiela – turned to the courts to test the lawfulness of their detention... Read more...
  •    FLAWS: ANC treasurer-general Zweli Mkhize says elitist business models and a sluggish economy are limiting jobs.... Read more...
  •    Statistics SA`s analysis of tourist arrivals between 2013 and 2014 fails to take into account that 2013 tourist arrival figures included transit passengers, while for 2014 these were excluded.... Read more...
  •    SA`S NEW travel rules prevented our minor children from attending a family funeral. My wife and children were on holiday in Florence, Italy, and I had returned early to our home in Singapore when we received the tragic news that our three-year-old niece had passed away. We wanted to return to SA immediately, in time for the funeral last Friday.... Read more...
  •    US military personnel on active duty have been banned from using devices and applications which utilize GPS.... Read more...
  •    In the face of the continuing Cape drought being today declared a ‘national state of disaster’ by the Co-operative Governance and Traditional Affairs Minister, Zweli Mkhizeby �` and what this new blow could mean for inbound tourism �` a welcome light on the horizon came with the announcement of the discovery of Late Pleistocene Hominin tracks along the Cape South Coast.... Read more...
  •    AI can be used to automatically detect and combat malware -- but this does not mean hackers can also use it to their advantage. More security news... Read more...

Get the latest Immigration News