Apple’s Market Cap Hits $1 Trillion

Apple Buybacks May Total $21 Billion in Q2

Apple Inc.'s publicly traded worth just put it in never-before-seen territory: the world's first $1 trillion company.

iPhone sales grew by 1 percent, but Apple's revenue increased by 20 percent, with Apple reporting an annual revenue of $53.3 billion. This is not the end, that they hit $1 trillion.

"It's certainly a tremendous achievement to create a company with a $1 trillion market cap". On Tuesday, the company said Apple Services, which includes things like the App Store and Apple Music, saw a 31% jump in revenue.

Apple's huge growth, is largely thanks to the introduction of its portable devices, in 2001, when the iPod was launched the firm was valued at just $6 billion, this propelled the firm to $106 billion by the time iPhone was introduced. "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".

By past year, its sales had grown more than 11-fold to $229 billion - the fourth highest in the S&P 500 - and net income had mushroomed at twice that rate to $48.4 billion, making it the most profitable publicly-listed USA company.

Rapper Tekashi 6ix9ine Reportedly Kidnapped and Beaten in Brooklyn Robbery
The footage apparently shows the suspects' vehicle parked outside the home, though too far away to identify who the three men are. The gunman drove away with Hernandez still in the back vehicle , but he was able to jump out and run away, according to sources .

Adjusting for four stock splits over the years, Apple debuted on the stock market for the equivalent of 39 cents a share on December 12, 1980, compared to Thursday's high of $207.05.

The milestone comes a day after Apple reported blockbuster quarterly earnings.

April 1976: Jobs, Wozniak and Ronald Wayne create Apple Computer to sell an eponymous computer hand-built by Wozniak.

In addition, that is, to shepherding a decade-long succession of iconic products that transformed Apple from a technological boutique to a cultural phenomenon and moneymaking machine.

Related news:

Hot News

isis-killer-beheading-video-story-top Facebook loses one million European users to GDPR
Jul 28, 2018 - 19:53
In contrast to Facebook , Amazon on Thursday in the U.S. reported a record profit and forecast plowing past analyst estimates. If that loss holds through Thursday's close, he will slip to sixth place from third in the Bloomberg Billionaires Index.

isis-killer-beheading-video-story-top Hamilton’s prayers answered in stunning German win
Jul 26, 2018 - 21:43
The defending champion had already posted a time quick enough to make it through to the second phase, so, at first, he resisted. The difference is both Red Bull drivers have won, while only Vettel has won for Ferrari and Hamilton for Mercedes .

isis-killer-beheading-video-story-top Trade War Between US and EU Averted (For Now)
Jul 26, 2018 - 21:00
As a result, USA wheat exports to Mexico fell 38 percent in the first five months of this year, according to Reuters . Juncker said the United States had agreed to build more LNG export terminals to increase supplies to Europe.

isis-killer-beheading-video-story-top Pakistan votes after bitter campaign marred by violence
Jul 26, 2018 - 19:42
If the leading party fails to gain the required number of seats, they would be forced to form a coalition to assume power. He said he had joined politics because he wanted to make Pakistan a nation "as envisioned by Jinnah".

isis-killer-beheading-video-story-top Despite relief offer from Trump, Missouri farmers feel tariff crunch
Jul 26, 2018 - 19:28
However, we are extremely concerned about the threat of automotive tariffs. In addition, the government will work to open new markets. Don't miss out on the latest news and information.

isis-killer-beheading-video-story-top Federal Investigators Have More Than 100 Trump-Related Tapes From Cohen
Jul 26, 2018 - 19:24
Stories alleging that Trump paid off women or hid a pregnancy, or even a child, have always been brushed off by the president. Cohen was proposing to pay AMI, which owns the National Enquirer newspaper, for the rights to McDougal's story.

isis-killer-beheading-video-story-top Israel Accused Of Striking Alleged Syrian Chemical Weapons Facility
Jul 23, 2018 - 23:55
President Donald trump in Moscow, in which both leaders spoke of the importance of Israel's security. Note that these talks took place four days after Putin's meeting with U.S.

isis-killer-beheading-video-story-top Shazam! at Comic-Con 2018
Jul 23, 2018 - 23:29
Starring alongside Momoa are Amber Heard , Patrick Wilson , Nicole Kidman , Willem Dafoe , and Yahya Abdul-Mateen. Zachary Levi did really exude an impression that he is just a kid awed at his own superheroic, ripped body.

isis-killer-beheading-video-story-top Trump’s Iran tweet quickly and deservedly became an ALL-CAPS meme
Jul 23, 2018 - 22:58
As the New York Times noted ,"last month the United States said it would impose sanctions on all exporters of Iranian oil". But world powers were unable to offer concrete proposals, and diplomats have warned there may be little they can do.

isis-killer-beheading-video-story-top Britain To Take In Some Of The 800 Evacuated Overnight From Syria
Jul 23, 2018 - 21:27
Britain is among the countries that will take in some of the 800 people removed overnight from Syria by Israeli forces. Evacuation plans were accelerated after last week's North Atlantic Treaty Organisation summit in Brussels.

isis-killer-beheading-video-story-top Montenegro, replying to Trump, says it contributes to peace in Europe
Jul 23, 2018 - 20:55
In its 12 years of independence, the tiny country has not once come close to starting a war. DARMANOVIC: We confirm our strong friendship and alliance with the United States.

isis-killer-beheading-video-story-top Astronomers Discover Twelve New Jovian Moons | Astronomy
Jul 21, 2018 - 21:59
The lost moons were initially sighted in 2003, but scientists could not define their exact orbits and lost track of them. Where their observations had previously been akin to looking through a straw, their capability now is 10 times bigger.

isis-killer-beheading-video-story-top Danica Patrick & Aaron Rodgers Make Red Carpet Debut at ESPYs 2018!
Jul 21, 2018 - 21:25
Athletes in the crowd looked uncomfortable or winced after some of her jokes, which also got a thumbs-down on social media. She's also a proven music fan, faithfully sporting headphones before every run during this year's games.

isis-killer-beheading-video-story-top Trump responds to Cohen taping: 'Your favourite president did nothing wrong'
Jul 21, 2018 - 19:53
Ms Daniels says she and Mr Trump had sex in a hotel room in Lake Tahoe, a resort area between California and Nevada, in 2006. The Playboy model in question is Karen McDougal, who has claimed she had an affair with Trump.

isis-killer-beheading-video-story-top European Union says China could open its economy if it wishes
Jul 21, 2018 - 19:39
Trump has also hit European metal imports with tariffs and has threatened to curb auto imports from Europe with a 20 percent duty. The initial US tariff list focused on Chinese industrial products in an attempt to limit the impact on American consumers.