Apple is officially worth more than $1 trillion

Polycount

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Although the iPhone X launched with weaker-than-expected sales numbers, Apple has turned things around as of late.

Indeed, as we pointed out yesterday, the company managed to grow its revenue by a whopping 17 percent year-over-year to a total of $53.3 billion in the third quarter of 2018. A not-insignificant chunk of this revenue growth can be attributed to improved iPhone X sales.

This explosive growth has led to a sizable increase in Apple's stock price, boosting the tech giant's market cap to an incredible $1 trillion. The tech newswire lit up today with reports claiming Apple merely had to hit $207.05 per share to reach this milestone.

Naturally, the $1 trillion figure is constantly changing. Even single-digit shifts in the company's stock price could cause it to grow above, or slip below, this milestone.

Still, even if it's only a temporary achievement, it's an achievement nonetheless, especially given the fact that other tech companies have seen their values stagnate or outright fall recently.

Whether or not Apple can retain this market cap -- or close to it -- in the long run remains to be seen. The company will face stiff competition from Samsung, and even Huawei, in the coming months as smartphone makers begin to unveil their latest flagship devices.

Image courtesy 9to5Mac

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Quite impressive with such a limited portfolio of products ---- iPhone, iPad, Watch, TV, iMac, MacBook, HomePod, AirPods & iPod. My guess is Music platform is big part of this as well.
 
Nooooo ..... I am impressed with Apple but for those investing in the stock, just remember that a one Trillion dollar company has to work a lot harder than a 100 million dollar company to have a 15% gain. Simple numbers and with Apple still being very stingy with any kinds of dividends they won't see a flood of investors ....
 
Quite impressive with such a limited portfolio of products ---- iPhone, iPad, Watch, TV, iMac, MacBook, HomePod, AirPods & iPod. My guess is Music platform is big part of this as well.

Yep! MS constantly touts how it has the best part of a billion users for Windows and then there are their server products and so on. Yet MS is still not going to achieve one trillion for a long time.
 
Yep! MS constantly touts how it has the best part of a billion users for Windows and then there are their server products and so on. Yet MS is still not going to achieve one trillion for a long time.

Microsoft is currently valued at what Apple was just a year ago....so I wouldn't say it'll be a long time. Amazon and Alphabet are right there behind Apple too.
 
And this wouldn't have been possible, but for one unfortunate moment in history:
August 1997 - Apple was teetering on the edge of solvency...and instead of crushing them out of existence, Bill Gates/Microsoft threw Jobs/Apple $150M to save them. The rest is history.
Damn it, Bill.
 
And this wouldn't have been possible, but for one unfortunate moment in history:
August 1997 - Apple was teetering on the edge of solvency...and instead of crushing them out of existence, Bill Gates/Microsoft threw Jobs/Apple $150M to save them. The rest is history.
Damn it, Bill.
And now both companies are worth crazy amounts of money and are thriving.... looks like Gates knew what he was doing...
 
That's real success. Did you know about new ideas of Elon Musk to create better smartphones than Apple?
 
And this wouldn't have been possible, but for one unfortunate moment in history:
August 1997 - Apple was teetering on the edge of solvency...and instead of crushing them out of existence, Bill Gates/Microsoft threw Jobs/Apple $150M to save them. The rest is history.
Damn it, Bill.
If he hadn't, the personal computer market would have gone to ****. The competition between them is small, but it is there.
 
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