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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 Unveils Larger iPhones, Health-Oriented Watches. 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 Gets A Second Patent For Its Fold-able Phone

Chinese electronics giant Huawei could also be getting ready to be the first to launch such a device in November.

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Apple granted second patent for its foldable smartphone. Flickr Commons

 A second patent has been granted to Apple regarding the additions the company intends to incorporate in its originally planned foldable device.

The second patent is focused on a flexible hinge and the use of a fabric for its housing, Patently Apple, an Apple-centric blog focused on the company’s latest Intellectual Property (IP) developments, reported on Tuesday.

According to the report, the description of the second patent claim reads: “An electronic device, comprising a ‘flexible hinge’ coupled between the first and second housing portions wherein the flexible portion of the housing comprises fabric.”

Apple
A demonstration of the newly released Apple products is seen following the product launch event at the Steve Jobs Theater in Cupertino, California, U.S. Sept. 12, 2018. (VOA)

The iPhone-maker received its first patent to develop a foldable smartphone from the US Patent and Trademark office in November 2016 that described a display that could be opened and closed like a book, media had reported.

As smartphones continue to introduce larger and larger phablet sizes, there will come a point where introducing a foldable smartphone will make sense, especially with mobile TV on 5G networks on the way, the report added.

Earlier in September, South Korea-based electronics major Samsung released a teaser of a phone with bendable and foldable display technology that would offer the functionality of a tablet complete with multi-tasking and a big screen.

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Customers look at iPhone 8 and iPhone 8 Plus phones at an Apple Store in San Francisco, California, Sept. 22, 2017. (VOA)

Samsung’s much awaited foldable device could debut in November at Samsung’s Developer Conference.

Also Read: Samsung All Set To Bring Galaxy Tab S4

Chinese electronics giant Huawei could also be getting ready to be the first to launch such a device in November. (IANS)

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