“News neutrality by unbiased coverage”
One News Page
> >

Apple Reaches the $1 TRILLION Mark - But What's Next?

One News Page Staff Friday, 3 August 2018
Apple Reaches the $1 TRILLION Mark - But What's Next?by 👨‍💻 Adam Yardley

While Apple’s success story is something to look up to, it’s hardly been plain sailing. The brand, which underwent a colossal transformation at the turn of the century as a result of their ground-breaking iPod range and iTunes software, this week reports having become the first public company with a net worth of $1 trillion – a trillion miles away, you might say, from the days where it looked like the firm was about to go under and face bankruptcy head-on. Apple have evolved immensely since the days of their clunky computers – iMac and MacBooks, too, have become more sophisticated and are no longer seen as a lesser alternative to Windows PCs. This week’s announcement is inarguably what the late Steve Jobs would have been aiming for – and with this colossal milestone passed, many are wondering quite what Tim Cook and company have lined up next for the brand.

Apple’s shares closed at a record high on Thursday, August 2nd with a share value of $207.39, and it’s thought that since the company’s stock market origins in 1980, the company has witnessed a staggering growth of 50,000%. It’s thought that, in just the past year alone, Apple’s shares have leapt up by a third – an incredible achievement in a market where competition has never been fiercer – and where the likes of Microsoft remain consistent in their rivalry. While other big brands such as Samsung and Huawei may be providing stiff competition for Apple out in the East, the success story of the company has never been clearer.

Apple Becomes The First Trillion Dollar Company
Apple Becomes The First Trillion Dollar Company

The brand has seen a huge escalation in profit in just over 12 years – while the iPod certainly helped to transform the company’s fortunes in the early 00s, it was the introduction of the iPhone, helping to kick off the smartphone boom, which really gave Apple’s stock a boost. In 2006, it’s reported that the company oversaw a profit of around $2 billion – fairly large on its own – but compare that with $48 billion in 2017 and you’ll see just how far the company has come.

So what’s next for Apple? With many wondering what the firm will bring to their perpetually popular iPhone line in the months to follow, it’s well worth keeping an eye on Cook and company towards the end of the year – as fall announcements are always likely on the cards.

Apple hits record-breaking $1 trillion mark
Apple hits record-breaking $1 trillion mark

Credit: CBS 5 SF KPIX - Published < > Embed
News video: Cupertino Residents React to Apple's Trillion-Dollar Milestone

▶ Cupertino Residents React to Apple's Trillion-Dollar Milestone 02:28

Apple Inc hit a market capitalization milestone, surpassing the $1 trillion mark on Thursday. Len Ramirez went to Cupertino to see what locals think of their hometown tech titan. (8-2-18)

You Might Like

Tweets about this

Other recent news in Business

Jared KUSHNER paid almost no taxes for years, documents showECB SHOULD KEEP POLICY OPTIONS OPEN REGARDLESS OF FED
How far behind is Memphis football from profit machines like NOTRE DAME and Alabama?GOVT SLAMS SUPERMARKETS OVER DROUGHT MILK

Recent related videos from verified sources

What Millennials Like About Living In NYC [Video]What Millennials Like About Living In NYC 00:56

There's no doubt that living in the Big Apple can be challenging. But there's also plenty to celebrate. Business Insider published a list citing the best things about living in New York City. The..

Credit: Wochit - Published

What Costco Employees Wish They Could Tell Shoppers [Video]What Costco Employees Wish They Could Tell Shoppers 00:45

Just because you're a Costco member doesn't mean that you can act nutty in the store. At least that's what dozens of Costco workers recently told Business Insider when they spoke to Costco employees..

Credit: Wochit News - Published

London Court Blocks Legal Action Against Google [Video]London Court Blocks Legal Action Against Google 00:32

According to Reuters, London’s High Court blocked a case against Google over data collection. Claimants accused Google of bypassing privacy settings on Apple's Safari browser to obtain their..

Credit: Wochit - Published

Apple's October event: What we want to see (CNET Top 5) [Video]Apple's October event: What we want to see (CNET Top 5) 03:39

The company hasn't officially announced it's holding a second fall event, but the odds are it will. Here's our wish list.

Credit: CNET Top 5 - Published

•More original news reports from One News Page
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest