Tuesday June 25, 2019
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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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Apple
Apple Unveils Larger iPhones, Health-Oriented Watches. Pixabay

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)

Next Story

Apple Releases First Public Beta of its Upcoming iPhone, iPad OS

With iPadOS, users would be able to work with apps in multiple windows, see more information on a redesigned Home screen and more natural ways to use Apple Pencil

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apple, 5G, iphone
iPadOS delivers exciting features, including a new Home screen with widgets. Pixabay

Apple has released the first public beta of its upcoming iPhone and iPad operating systems (OS), iOS 13 and iPadOS 13, open for everybody to download and experience the test versions.

The final version of the new iPhone and iPad operating systems is scheduled to release later this year, most likely by September, TechCruch reported on Monday.

However, because of bug-risks and chances of patchy experience, users are advised to proceed with caution and not install the beta versions on their primary iPhones and iPads.

According to the report, while some apps and features would not work at all as part of the beta tests, but in some rare cases, beta softwares could also brick devices and make them unusable.

Last week, the iPhone-maker announced the availability of the developer beta of iOS 13 and iPadOS 13.

Apple, smartphone
Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, Aug. 1, 2018. VOA

Apple unveiled iOS 13 with features like the Dark Mode and Apple sign-in, a sturdy Mac Pro desktop for creative professionals and a 30 per cent snappier Face ID.

The new operating system on iPhones is loaded with India-specific features like the Indian-English accent for virtual assistant Siri that would now speak in a more natural and expressive way – in both male and female voices. The users would be able to access content drawn from Indian languages in a seamless conversational style.

Also Read: Use of Artificial Intelligence (AI) for Fraud Detection to Triple by 2021

According to the iPhone-maker, iOS 13 would reduce app download sizes by up to 50 per cent and make app updates over 60 per cent smaller, resulting in apps launching up to twice as fast.

With iPadOS, users would be able to work with apps in multiple windows, see more information on a redesigned Home screen and more natural ways to use Apple Pencil.

On the other hand, just like iOS 13, iPadOS with Dark Mode feature would be available this fall as a free software update for iPad Air 2 and later, all iPad Pro models, iPad 5th generation and iPad mini 4. (IANS)