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 ...

IS OUR EDUCATION SYSTEM IN THE NEED OF CHANGE?

IS OUR EDUCATION SYSTEM IN THE NEED OF CHANGE ? Providing good and healthy education is the way to have a better future for the country by getting the youngsters ready for the future. Education has become somewhat daunting in some countries for some students because of which the students are either in depression or does not like to study and fail to finish the basic education. First of all, i discuss the reasons as to why the education system and most importantly the education becomes a challenge for the students. I have completed my school eduction from a private school in India. I was myself a failure until the 6th standard and was scared of the education and even going to the school. As per my experience and all that i remember, i was classified as the poor student with some learning difficulties. However, it was not the problem with me but it was probably because of the strict education system which just revolved around academics without discussing the ideas and...

WHAT IS INVESTMENT AND THE RULES OF INVESTMENT

what is Investment and the rules of Investment Almost everyone who earns, believes in saving and tries their best to make sure that they save their earnings and invest them wisely for the future purposes. People get confused with the terms 'Investing' and 'Saving'. Most of the people believe that when they deposit their savings in the bank, they are saving and investing for their future. However, in this era when inflation is on rise, saving in bank does not mean investing. Depositing money in the banks with a view to invest for the future is not safe in today's generation. For instance, when someone deposit their savings from the earning in the bank every month and they get 4% of interest on the savings on yearly basis. They probably think it is a good investment for them. Inflation is the rate at which the cost of living increases and causes money to lose its value. The rate of inflation in 2017 in India was 4.00%. So, basically saving in bank and increasing ...

BAM motivation

Search This Blog