THE FIRST TRILLION DOLLAR COMPANY AND IT'S NOT AMAZON

Apple, co-founded by Steve Jobs, Steve Wozaniak and Ronald Wayne 42 years ago in a garage has hit a $1 trillion market cap. It is the first American company ever to be worth over $1 trillion dollars. Shares of the company rose 3% on Thursday, 2 August 2018.

Apple's earning shows that the company is in good financial health as the revenue rose 17% in the second quarter to $53.3 billion, while the net income rose 405 to $2.34 per share. On Tuesday the company reported that MacBook sales were down and that iPad sales remained flat, the company saw the average iPhone selling price hit $724 in the third quarter, well above the expected $694.

This achievement can be credited to the flagship iPhone X which remained Apple's most popular iDevice during the quarter, according to CEO Tim Cook which bodes well Apple's next generation iPhones - the so called iPhone 9, iPhone 11 and iPhone 11 Plus. The sales from iTunes and the App Store increased from 37 percent to $9.5 billion which also contributed to this procurement. Sale of Air Pods, HomePods and the Apple Watch also had a bumper quarter with growth of 37 percent.

Apple has also taken an action to rein in its App Store Affiliate Program, in a move that is alleged to have brought one company to the blink of collapse. The company has confirmed it will remove apps and in-apps purchases from the program by the start of October.

Overall, the net worth of apple is worth two times the valuation of Facebook, seven times of Netflix and 42 times more than the value of Twitter.

Comments

10 INTERESTING FACTS ABOUT SULTAN OF BRUNEI

10 INTERESTING FACTS ABOUT SULTAN OF BRUNEI 1. EARLY LIFE – The full name of Sultan of Brunei is Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah. He was born on 15 July 1946 is the wealthiest monarch of the world. His full name is is 75 characters too long to fit in a tweet. He received his early education in the form of private tuition and attended top institutions in both Brunei and Kuala Lumpur until 1961. Whilst he was a cadet at Britain’s Sandhurst Military Academy, he was recalled to Brunei when his father voluntarily abdicted the throne in a last desperate move to resist both communism and pressure from the British to permit greater democracy. The father and son waged a public dispute over Radio Television Brunei, but in the end the police and the army declared allegiance to Hassanal. He was installed as the crown prince in 1967 at the age of 21. He is 29 th and current Sultan of Brunei. After Queen Elizabeth II, the Sultan is ...

STRONG VISION ATTRACTS SUCCESS

STRONG VISION ATTRACTS SUCCESS Two fast friends after having graduated from the same university and after working for a firm for about 5-6 years wanted to establish their own businesses. Both of them were hungry to succeed and they wanted to establish themselves as successful lawyers. They decided to start their own firms at the same time. One friend decided to open a lucrative firm in the most expensive area of the city. He spent all his savings and invested everything he had on the firm. He intended to attract the clients from almost all parts of the city by opening a firm in the main area of the city. On the contrary, the other friend decided to open a similar firm in the small area that would attract the clients from just that particular area. He invested on the firm wisely and he diversified his investments by buying shares and properties etc. With the time, the friend who opened the firm in the main area of the city had big bills to pay off and he charged clients more ...

CHINA'S QUIET COLD WAR AGAINST U.S.

CHINA'S QUIET COLD WAR AGAINST U.S. A top Central Intelligence Agency (CIA) expert said that China is waging a "quiet kind of cold war" against the United States trying its resources to overtake America and to become a leading power in the world. China has given the world a choice by asking the global leaders to choose between China's president Xi Jinping's global outlook and that of US President Donald Trump's "self-centres America First Policy which has lead to anxiety between both allies and the broader world. US President, Donald Trump has announced a new package of trade tariffs targeting China and South Korea. Mr Trump has imposed tariffs on imported solar-energy components and large washing machines last week in a law to china's export market. U.S. has imposed tariffs on $34bn of chinese goods on 6 July and it intends to target another $200 billion of additional products. Mr Trump said that more than $500 billion worth could be hit....

BAM motivation

Search This Blog