Thursday February 21, 2019
Home Lead Story Apple Becomes...

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

0
//
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 to Refresh its Offerings in iPad, MacBook Pro Line-up

Though the launch dates of all the products remain unclear, the first ones are expected to come in March

0
Apple, women
The Apple logo is shown outside the company's Worldwide Developers Conference in San Francisco, California. VOA

Apple is expected to refresh its offerings in iPad, MacBook Pro, monitors and iPhones even as the company has been bearing heavy losses in 2019, according to famed Apple analyst Ming-Chi Kuo.

“Kuo says that the 2019 iPhone models will retain the 6.5-inch, 5.8-inch and 6.1-inch screen sizes along with lightning connectivity, the current 9.7-inch iPad will increase in size to 10.2-inch and the company will return to the display market with a 31.6-inch 6k3k monitor,” 9To5Mac reported on Monday.

The iPhones are expected to feature ultra-wide band connectivity for indoor positioning and navigation, frosted glass casing, bilateral wireless recharge for charging other devices, upgraded Face ID, larger batteries and a triple camera design for iPhone 11 Max.

According to Kuo, this year, Apple may also release two new iPad Pro models with upgraded processors, a new MacBook Pro between 16 inches and 16.5 inches in a new design with “easy to upgrade components”.

Apple, Campus, China
A customer is entering the Apple store in Fairfax, Virginia. VOA

Currently, the 13-inch MacBook Pro maxes out at 16GB RAM, but Kuo suggests that the iPhone-maker may add a 32GB RAM option also.

“Kuo adds that the Apple Watch ECG function will come to additional countries this year along with a ceramic casing design and AirPods 2 will support wireless charging and upgraded Bluetooth connectivity,” the report added.

Also Read- Facebook To Come Up With Its Own AI Chip

Though the launch dates of all the products remain unclear, the first ones are expected to come in March. (IANS)