Fidelity bank banner Bayelsa State banner
Apple sets record with market value over $900 billion

By Barry Eitel, San Francisco on 09/11/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 668

•Apple Headquarters
•Apple Headquarters

The market capitalisation of Apple on Wednesday closed above $900 billion, making it the first publically traded company in the United States to do so.

Shares of Apple have sent the company’s market cap briefly above $900 billion before, but Wednesday marked the first time Apple finished the day above that figure.

Apple’s stock rose only 0.82 percent during trading, closing at $176.24. However, that was enough to send its market value to $904.87 billion.

Apple’s stock was boosted by a quarterly earnings report released last week that bested analyst expectations and the successful launch of its new flagship smartphone, the iPhone X, last Friday. The company also said during its earnings call that it expected to have a very profitable holiday season.

Apple set a revenue forecast of $84 billion for the upcoming quarter, which would be a record high for the company.

The stock has increased 52.6 percent over the course of 2017, with some analysts believing that Apple will soon be the first trillion dollar company.

“Apple – a trillion dollar company?” tweeted business analyst Aaron Heslehurst. “Apple’s share price needs to rise by about another 10% for it to have a market value of $1 trillion.”

Over 60 percent of the company’s market value has been added since its co-founder and legendary chief executive Steve Jobs died in 2011. Although the company has not released many new product lines since Jobs’ passing, with the notable exception of the Apple Watch, it appears the continued popularity of the iPhone has lifted Apple to new heights under the leadership of current CEO Tim Cook.

Apple’s rival, Alphabet is the next most valuable publically traded company, but it is lagging behind the iPhone maker on the race to a $1 trillion value. Shares of Alphabet closed Wednesday at $1,058.29, leaving the company with a market cap of $728.6 billion. (Anadolu Agency)

Source News Express

Posted 09/11/2017 2:23:24 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Experts identify factors to determine stock market performance...

Uduaghan assures of mass turnout for Jonathan in...

Ringleader of international criminal network nabbed in Port...

ARMY SABOTEURS IN TROUBLE •Chief of Staff moves...

China bans online sale of Bibles

Ile-Ife Crisis: HURIWA warns IGP against partiality

New GOC 3 Division assumes duty, pledges to...

Osinbajo receives 2017 Budget from National Assembly

Whistle-blower: FG concludes investigation on 534 cases

Fulani herdsmen reject Kano Governor’s land offer •Insist...

New York police officers ‘charged with raping handcuffed...

BLOODBATH: Boko Haram massacres nearly 150 in Borno...

 

Latest News BREAKING NEWS: DSS arrests Senator Abaribe over Nnamdi Kanu APC Chairmanship: Oshiomhole clears final hurdle as last challenger throws in the towel IGP resigns over bloody protests 2018 Budget: How allocation to Enugu Airport was cut – Ekweremadu Law school clears Hijab wearing lawyer We are poised for revolution — Agbakoba’s NIM, ANN Bring information on Boko Haram bomb factory, get N5m reward — Army 2018 Budget: Buhari’s supporter calls on Shekau to bomb National Assembly National Convention: Okorocha should accept his fate or APC – Uwajumogu N14.1m Fraud: Court dismisses Ex-Perm Sec Clement Onubuogo’s no-case submission Flooding: Oyo Govt. to dredge 64 rivers in Ibadan Jonathan’s kinsmen back Bayelsa public service reforms; demand prosecution of job racketeers, others

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (352,450 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (351,902 views) Shameless Genevieve Nnaji exposes breasts in public (280,391 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (230,243 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (209,155 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (208,890 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (181,916 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (164,018 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (153,977 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (148,714 views) Lagos plane crash: Journalist releases victims’ names (143,921 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,729 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,262) Business Verdict (44) Columnists (871) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (505) Features (607) Global Business Monitor (283) International (2,046) Interview (155) Live Commentary (28) Love Matters (124) News (36,399) Opinion (1,005) Pidgin (10) Politics (5,302) Religion (771) Sports (1,555) Stock Watch (30) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Argentina vs Croatia Goals

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement