Apple: The First Publicly Traded Trillion Dollar Company

“To put a trillion dollars in context, if you spend a million dollars every day since Jesus was born, you still wouldn’t have a spent a trillion”

-Mitch McConnell

(Source: Wikimedia)

On August 2nd, Apple became the first publicly traded company to hit $1 trillion in market cap. This came after Q3 earnings crushed expectations. Previously, the company only needed a share price of $203.45 to hit the historic milestone. However, after the company announced $100 billion worth of share buybacks, the price needed to hit was $207.05, which was met.

So why was Q3 so great? Well, there were many factors which contributed to Apple becoming a trillion dollar company. For starters, expected EPS was $2.18 and Apple achieved $2.34. The company was also expected to have revenue of $52.34 billion, which they truly had $53.3 billion. Finally, although iPhone sales didn’t grow as expected, many of their products did, including wearables, which grew more than 60%.

Apple stated that fourth quarter revenue will be between $60 billion to $62 billion. This is beating previous expectations of $59.47 billion. However, with more than $9.55 billion in revenue coming from China, upcoming tariffs could take a toll on stock price.

As noted, AAPL has been up this past week.

 

Apple Stock News: iPhone 8’s release could make Apple a $1 trillion company

Apple Stock News

For the latest Apple Stock News, AAPL closed at $156.39 per share on August 4th, 2017. It generated a return of 0.53% from its previous close on August 3rd, 2017, when it closed at $155.57 per share.

This week, Apple released an earnings report that was surprisingly positive. For that reason the shares spiked. In addition, the weekly “leaks” about the upcoming iPhone are so impressive that investors are happily buying shares, expecting a massive stock appreciation.

It has been a while since Apple became the most valuable company in the world. With this week’s jump its market cap is now over $800 billion. Analysts and investors believe that if Apple has a great fourth quarter, its possible that they could increase their market cap to $1 trillion.

The most obvious factor for such a milestone to be reached is for Apple’s iPhone 8 to be a blockbuster. It is no secret that their cellphone segment is their biggest of all.

Another key factor is to make the iPhone a “hub”. With so many new products like the HomePod and the Apple Watch, they should find a way to make the iPhone the controlling force of every apple product. It forces customers to be immersed in iOS, never thinking of buying a Samsung cellphone or any non-apple product for that matter.

Keep checking back for more news regarding AAPL. For Full AAPL forecasts and investment advice by our state-of-the-art algorithm click here.

Apple Stock News: New Record for Apple

Apple Stock News

For the latest Apple Stock News, AAPL closed at $153.01 on Monday, May 8, 2017. It had a gain of 2.72% from its previous close of $148.96 per share.

Apple Stock News

 

After a record holding in cash equivalent, Apple is again pushing other limits. With more than $800 billion in market capitalization, Apple is reaching new 52 week highs. Leader of the IoT market, Apple never ceases to impress. Customers are preparing themselves for the iPhone 8. These are the latest news, along with a respectable Q2 earnings reassuring Apple investors. The company is financially in a good health. Next stop for the company: achieving a market capitalization of $1 trillion.

Analysts are confident that the company will continue to grow. According to them, there is no doubt that the iPhone 8 will be revolutionary. The financial markets seem to follow the same trend. Thus, the market anticipates a successful release of the iPhone 8, and Apple to be an investment to consider for the long term.

Behind Apple, the company Alphabet currently enjoys a market capitalization of $652 billion. Then, Microsoft and Amazon compete for the third place with market capitalization of $530 billion and $451 billion, respectively.

Keep checking back for more news regarding AAPL. For Full AAPL forecasts and investment advice by our state of the art algorithm click here.