Apple Becomes First Company to Reach $1 Trillion Worth

Apple Becomes First Company to Reach $1 Trillion Worth

APPLE has become the world's first TRILLION dollar company today as stocks surged.

Apple has become the world's first publicly traded company to be valued at US$1 trillion (NZ$1.48 trillion).

Oil giant PetroChina (PTR) briefly topped a trillion dollar valuation in 2007 when its stock began trading in Shanghai, but shares quickly plunged afterwards. It could cement customer loyalty to these brands, enhancing a perception of quality. The tech newswire lit up today with reports claiming Apple merely had to hit $207.05 per share to reach this milestone.

Cook has put a focus on digital content and services, positioning Apple to make money from music, movies, apps, subscriptions and more - all sold to the vast "install base" of people using devices made by the company. The company estimated a healthy revenue stream of between $60 billion and $62 billion with low operating costs of just $7.95 billion to $8.05 billion.

In fact, Amazon, Alphabet, and Microsoft could soon be joining Apple over the $1 trillion threshold - currently, they're worth $886 billion, $844 billion, and $825 billion respectively.

Giuliani: It's time for Mueller to put up or shut up
He said about ten of them feature Cohen and reporters, while another one is a tape of Trump, Cohen and CNN anchor Chris Cuomo. A successful conviction would give momentum to Mueller since the probe began 14 months ago.

The average iPhone selling price hit $724, beating analyst expectations of $694, according to data from FactSet. "It's one of those things that does not mean anything by itself.it's more a testimony of the importance of Apple on the market".

Wall Street thinks Apple shares can go even higher too.

And Apple faces strong competition from other technology companies.

For now, though, Apple seems to be at the top of its game, expanding recently into the Chinese market and finding success overseas. And with shares priced at just 15.2 times expected earnings, the market has adjusted to the new reality.

Shares of Tesla Inc (TSLA.O) jumped 16.2 percent after quarterly results convinced investors of future profitability and Chief Executive Elon Musk apologized for his behavior on the previous earnings call.

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