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Apple Becomes First Public U.S. Company to Reach $1 Trillion Valuation

As the company's market value climbed over the decades, it revolutionized how consumers communicate with each other and how companies conduct business on a daily basis

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iOS 12 is designed to make everyday tasks on iPhone and iPad faster and more responsive. Pixabay
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Apple made history Thursday when it became the first publicly listed U.S. company to be valued at $1 trillion.

The tech giant’s share price climbed well over 2 percent in mid-session trading, boosting it about 9 percent higher since Tuesday, when it announced better-than-expected second-quarter earnings and a buyback of $20 billion worth of its own shares.

The Silicon Valley company’s stock has skyrocketed more than 50,000 percent since it went public in 1980, greatly exceeding the S&P 500’s impressive 2,000 percent gain during the same period.

Apple
An Apple store in Woodbridge, Virginia. (VOA)

Apple’s success was fueled in large part by its iPhone, which transformed it from a niche player in the burgeoning personal computer sector into a global technological powerhouse.

The company was co-founded by the late Steve Jobs, a product innovator who helped prevent the company’s collapse in the late 1990s.

Also Read: Now Use Your Voice to get Your Favourite App From Apple Store

As the company’s market value climbed over the decades, it revolutionized how consumers communicate with each other and how companies conduct business on a daily basis. (VOA)

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Apple Is Delaying the Feature of Group FaceTime for Video Calls

The feature was announced to take on similar services like Google Hangouts and the Microsoft-owned Skype

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Apple delays 'Group FaceTime' feature for video calls. Pixabay

Apple has delayed its “Group FaceTime” feature that will allow up to 32 people to simultaneously participate in video calls on iOS devices.

According to a report in 9to5Mac on Monday, “Group FaceTime” has been removed from the initial release of iOS 12 and will ship in a future software update later this fall”.

“Group FaceTime for iPhone, iPad, and Mac appears to be delayed and won’t be ready in time for iOS 12 and macOS Mojave launch in September,” the report added.

Apple described “Group FaceTime” feature in June during the company’s annual Worldwide Developers’ Conference in the US.

Apple
iOS 12 is designed to make everyday tasks on iPhone and iPad faster and more responsive. Pixabay

“We’re very excited about the new communications features we’re bringing to iPhone and iPad with Memoji, a more personal form of Animoji, fun camera effects and Group FaceTime,” Craig Federighi, Apple’s Senior Vice President of Software Engineering, said during the event.

Also Read: Twitter Lite: A Data-Friendly Version of twitter Now available in India

The feature was announced to take on similar services like Google Hangouts and the Microsoft-owned Skype.

iOS 12 is designed to make everyday tasks on iPhone and iPad faster and more responsive. (IANS)

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