• Latest
  • Trending
Apple becomes first firm to hit $3tn market value

Apple becomes first firm to hit $3tn market value

January 4, 2022
Qualcomm Announces Snapdragon 8+ Gen 1 and Snapdragon 7 Gen 1

Qualcomm Announces Snapdragon 8+ Gen 1 and Snapdragon 7 Gen 1

May 20, 2022
HP’s premium laptop revamp: more OLED displays, 12th-gen Intel CPUs

HP’s premium laptop revamp: more OLED displays, 12th-gen Intel CPUs

May 20, 2022
Android 13 beta will test out-of-the-box support for most braille displays

Android 13 beta will test out-of-the-box support for most braille displays

May 20, 2022
WhatsApp to Launch Cloud-Based Tools, Premium Features for Businesses

WhatsApp to Launch Cloud-Based Tools, Premium Features for Businesses

May 20, 2022
Huawei and SolarEdge Sign a Global Patent License Agreement

Huawei and SolarEdge Sign a Global Patent License Agreement

May 20, 2022
Dijbouti Telecom Welcomes the Landing of 2Africa Submarine Cable

Dijbouti Telecom Welcomes the Landing of 2Africa Submarine Cable

May 20, 2022
Ghana Smart Africa Digital Academy launches its national digital academy

Ghana Smart Africa Digital Academy launches its national digital academy

May 20, 2022
Ghana’s Rural Telecom Facilities to be Upgraded to 4G

Ghana’s Rural Telecom Facilities to be Upgraded to 4G

May 20, 2022
Silicon Power Announces UD90 PCIe 4.0 SSD

Silicon Power Announces UD90 PCIe 4.0 SSD

May 20, 2022
ZADAK Announces TWSG4S PCIe Gen4 x4 SSD

ZADAK Announces TWSG4S PCIe Gen4 x4 SSD

May 20, 2022
Samsung Sampling 512GB CXL Memory Module

Samsung Sampling 512GB CXL Memory Module

May 20, 2022
IBM Elastic Storage System 3500

IBM Elastic Storage System 3500

May 20, 2022
  • Consumer Watch
  • Kids Page
  • Directory
  • Events
  • Reviews
Sunday, 22 May, 2022
  • Login
itechnewsonline.com
  • Home
  • Tech
  • Africa Tech
  • InfoSEC
  • Data Science
  • Data Storage
  • Business
  • Opinion
Subscription
Advertise
No Result
View All Result
itechnewsonline.com
No Result
View All Result

Apple becomes first firm to hit $3tn market value

by ITECHNEWS
January 4, 2022
in Business, Leading Stories
0 0
0
Apple becomes first firm to hit $3tn market value

US technology giant Apple has become the first company to hit a stock market valuation of $3tn (£2.2tn).

The firm’s share price has risen by around 5,800% since co-founder and former chief executive Steve Jobs unveiled the first iPhone in 2007.

YOU MAY ALSO LIKE

Qualcomm Announces Snapdragon 8+ Gen 1 and Snapdragon 7 Gen 1

HP’s premium laptop revamp: more OLED displays, 12th-gen Intel CPUs

However, its value slipped a little from that milestone, to end Monday’s trading session in New York at $2.99tn.

Apple has been one of the big winners of the pandemic, as coronavirus lockdowns saw spending on gadgets jump.

“Hitting $3 trillion is another historical moment for Apple as the company continues to prove the doubters wrong,” Dan Ives, an analyst from Wedbush said.

It took just over 16 months for Apple’s stock market valuation to rise from $2tn to $3tn, as the world’s biggest technology companies saw demand soar as people became more reliant on smartphones, tablets and laptops during lockdowns.

The company became the first company to hit a stock market valuation of $1tn in August 2018.

The iPhone typically accounts for around half of the company’s sales, while it is also well-known for its iPad tablets and Mac computers.

Increasingly important parts of the business are software, sold through the Apple store, storage space via the iCloud and services such as its music, television and fitness subscription platforms.

The linchpin to Apple’s valuation re-rating remains its Services business which we believe is worth $1.5 trillion,” Mr Ives said.

In August, Apple’s chief executive Tim Cook received more than five million shares in the firm, as he marked ten years in the job.

A company filing with the US Securities and Exchange Commission showed that he sold most of the shares for more than $750m.

It was part of a deal he struck when he took over from co-founder Steve Jobs.

The award was dependent upon on how well Apple’s shares had performed compared to other firms on the S&P 500 stock index.

Cupertino, California- based Apple was founded in 1976 by Steve Jobs and his business partners Steve Wozniak and Ronald Wayne.

The company made its stock market debut in 1980 with a market valuation of $1.8bn.

In November, the original Apple computer built by Mr Wozniak and Mr Jobs fetched $400,000 at auction in the US.

Source: BBC News
Tags: $3tnapple
ShareTweetShare

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Search

No Result
View All Result

Recent News

Qualcomm Announces Snapdragon 8+ Gen 1 and Snapdragon 7 Gen 1

Qualcomm Announces Snapdragon 8+ Gen 1 and Snapdragon 7 Gen 1

May 20, 2022
HP’s premium laptop revamp: more OLED displays, 12th-gen Intel CPUs

HP’s premium laptop revamp: more OLED displays, 12th-gen Intel CPUs

May 20, 2022
Android 13 beta will test out-of-the-box support for most braille displays

Android 13 beta will test out-of-the-box support for most braille displays

May 20, 2022

About What We Do

itechnewsonline.com

We bring you the best Premium Tech News.

Recent News With Image

Qualcomm Announces Snapdragon 8+ Gen 1 and Snapdragon 7 Gen 1

Qualcomm Announces Snapdragon 8+ Gen 1 and Snapdragon 7 Gen 1

May 20, 2022
HP’s premium laptop revamp: more OLED displays, 12th-gen Intel CPUs

HP’s premium laptop revamp: more OLED displays, 12th-gen Intel CPUs

May 20, 2022

Recent News

  • Qualcomm Announces Snapdragon 8+ Gen 1 and Snapdragon 7 Gen 1 May 20, 2022
  • HP’s premium laptop revamp: more OLED displays, 12th-gen Intel CPUs May 20, 2022
  • Android 13 beta will test out-of-the-box support for most braille displays May 20, 2022
  • WhatsApp to Launch Cloud-Based Tools, Premium Features for Businesses May 20, 2022
  • Home
  • InfoSec
  • Opinion
  • Africa Tech
  • Data Storage

© 2021 iTechNewsOnline.Com - Powered by BackUpDataSystems

No Result
View All Result
  • Home
  • Tech
  • Africa Tech
  • InfoSEC
  • Data Science
  • Data Storage
  • Business
  • Opinion

© 2021 iTechNewsOnline.Com - Powered by BackUpDataSystems

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version