Apple beats Microsoft, Google and Amazon to $1 trillion valuation

Apple is closing in on a $1-trillion market valuation

The other company with some claim to be the first valued at $1 trillion is China's state-owned oil company PetroChina.

Apple saw excellent numbers during its fiscal third quarter of the year, revealing strong worldwide sales and demand for the pricey iPhone X, which helped tip revenues to a new record despite a dip in device sales.

However, there's was a bit of excitement leading up to this milestone: the number of its shares, which is arguably the main player in all these.

The market reacted to this success and the price of Apple stocks increased.

Apple said it expects revenue of $60 billion to $62 billion for the fiscal fourth quarter that ends in September 30.

To be sure, past stock gains are not a reliable predictor of future performance, and the surge in Amazon shares in recent years has been exceptional by most standards.

The stock has been rising since Tuesday when it reported better than expected results for the three months to June.

Apple is an example of American-style capitalism done right.

The stock has risen more than 21 per cent this year and an eye-watering 50,000 per cent since it became a public company in 1980.


Apple hit the $1tn (£767bn) mark after publishing shares which brought the value of the company up from $935bn. And Jim Cramer celebrates a big moment on Wall Street.

A Bloomberg study even showed that analysts sided with Amazon to be the first to a trillion.

Chart of Apple's share price over the past five days at Google Finance.

The company beat Wall Street expectations on Wednesday with $53.3 billion in third-quarter revenue, up 17 percent from the same quarter previous year.

Hot on Apple's heels is Amazon.com, the second-largest listed USA company by market value, at around $880 billion, closely followed by Google-owner Alphabet and by Microsoft.

Dark horses, they were considered.

The first company to hit $100 billion in market capitalization was only able to do so 23 years ago.

It would appear that, in the stewardship of Apple, Cook is following in the footsteps of the late and much revered Jobs; a heartening tale of good cop/good cop, incorruptible by even unprecedented amounts of money.

Related News:

  • Carr Fire destroys more than 1,000 homes in Shasta County

    Carr Fire destroys more than 1,000 homes in Shasta County

    The Carr Fire has burned through almost 113,000 acres and is now considered 30 percent contained, according to Cal Fire. Paulich says residents have been heeding evacuation orders because they have seen the destruction caused by past fires.
    Tuesday's Manchester United transfer rumours: Harry Maguire, Gareth Bale, Marcos Rojo

    Tuesday's Manchester United transfer rumours: Harry Maguire, Gareth Bale, Marcos Rojo

    He [Maguire] can continue to perform with Leicester and improve and that is the important thing always with a young player. He was angry about being without his global players and the difficulty to prepare his game", he told reporters.
    Facebook says it identifies campaign to meddle in 2018 U.S

    Facebook says it identifies campaign to meddle in 2018 U.S

    We disabled the event earlier today and have reached out to the admins of the five other Pages to update them on what happened. In total, they ran about $11,000 worth of ads, made more than 9,500 posts , and reached an audience of 290,000 accounts.
  • North Korea Is Building New Missiles

    North Korea Is Building New Missiles

    But many experts say those are neither irrevocable nor serious steps that could show the country is honest about denuclearization. United States spy agencies have found evidence that North Korea is building ballistic missiles, it was claimed last night.
    Manafort earned $60M from Ukrainian consulting work, prosecutors say

    Manafort earned $60M from Ukrainian consulting work, prosecutors say

    A jury has been seated in the federal trial for Manafort, who served briefly as Trump's campaign manager in 2016. Ellis III has confronted questions about whether prospective jurors can be impartial in the highly charged case.
    Trump Announces Plan To Work With EU To Strengthen Trade Relationship

    Trump Announces Plan To Work With EU To Strengthen Trade Relationship

    Soybean prices were already falling, dropping 19 percent since early May to a 10-year low and corn is down more than 15 percent. They said they believed that there are few signs talks among senior officials could be resumed soon.
  • Geraint Thomas wins 2018 Tour de France

    Geraint Thomas wins 2018 Tour de France

    The first week of the Tour left significant gaps in the general classification as much through incident and misfortune as form. I'm going to try to enjoy today, and certainly tonight!" "I didn't think about it all race, and now suddenly I won the Tour".
    Trump's 'economic miracle' will leave us all paying the price

    Trump's 'economic miracle' will leave us all paying the price

    Consumer spending grew 4 percent , more than expected, while nonresidential business investment climbed at a pace of 7.3 percent. It followed first-quarter growth of 2.2 percent that was revised from 2 percent, the Commerce Department reported Friday.
    Twitter reacts to Priyanka Chopra, Nick Jonas’ engagement and it’s hilarious

    Twitter reacts to Priyanka Chopra, Nick Jonas’ engagement and it’s hilarious

    But she's also very close to Salman's family so apparently, she could not tell them what changed her mind. Well, from his Tweet it was confirmed that Priyanka backed out of " Bharat ".
  • NASA set to announce astronauts for SpaceX, Boeing missions

    NASA set to announce astronauts for SpaceX, Boeing missions

    Crew members have worked years with companies to get here and they said they can not wait for the flights to begin next year. I'll be ready, I can't wait", Williams said in an interview posted Friday on the International Space Station Facebook page.
    Stars support Demi Lovato on Twitter

    Stars support Demi Lovato on Twitter

    The former Disney star and her family have been open about their struggles with mental health and addiction in the past. Lovato and Gomez have a storied friendship since appearing on " Barney and Friends " together at just 7 years old.
    Trump says ex-lawyer's tape over 'model payment' may be illegal

    Trump says ex-lawyer's tape over 'model payment' may be illegal

    Trump has previously sought to play down reports that Cohen could turn on him despite his ongoing legal battles. The former Playboy model said that after their first sexual encounter, Trump tried to offer her money.


Most liked

Health Department confirms first case of West Nile Virus in Shelby County
In Maryland, there were five reported cases of West Nile past year , according to the Centers for Disease Control and Prevention . But one person was infected past year and survived.in 2016, two people contracted the disease with one death.

Poll finds warmer feelings for America in Russian Federation after Putin-Trump summit
During the rally in Pennsylvania on Thursday, Trump did not mention allegations of interference or attacks on the USA democratic process.

Harley Davidson 250-500cc Motorcycles For India Confirmed
USA sales slid 6.4 per cent in the most recent quarter, and they're down 8.7 per cent at the halfway point of the year. Harley-Davidson has announced a new strategy to take on global markets and push forward with electric motorcycles .

Iran rules out meeting with Trump
The declaration comes just days after Trump blasted Rouhani on Twitter , warning of military force. Recently, the Trump White House announced that it seeks to bring Iran's oil sales down to "zero".

LeBron James Opens Up About Why He Joined the Lakers
Several pictures from I Promise the school built by LeBron James in Akron, Ohio have surfaced and the only word that comes to mind is "incredible".

Four tourists killed by car in possible terrorist act in Tajikistan
Four cyclists were killed - two Americans, one Dutchman, and a Swiss citizen - and at least three others were injured. The mountains and valleys of Central Asia are an enticing but sometimes unsafe destination for adventure travellers.

Leak Shows 'Clearly White' Pixel 3 XL
It's not the first time we learn about Google's plan, but it puts the unannounced charging dock one step closer to reality. If the rumors about the Google-made Pixel Stand are true, this glass back could be used for wireless charging purposes.

‘Mission Impossible’ actor held at gunpoint by police in own home
As officers were assessing the residence, they encountered the resident at the front door. A neighbor called the police on Ving when they thought he was a robber.

New Orleans Shooting Leaves Three Dead, Seven Wounded
Shooting 10 people? Killing three? "This was a large crowd and we know that people saw something, heard something", Harrison said. In the 2800 block of Louisiana Avenue , crime tape was in place at a house and officers stood on the front porch.

Fortnite for Android could be temporarily exclusive to the Galaxy Note9
Samsung will begin sales of its Galaxy Watch smartwatch on August 24 together with the Galaxy Note 9 , ZDNet Korea reports . According to our source, the game will be announced for Android during Samsung's event, along with the exclusivity period.

Former Fiat boss Marchionne dies at 66
He initially earned a degree in philosophy before adding accountancy qualifications, an MBA and a law degree to his CV. The Fiat 500 compact became a success story - even ferrying Pope Francis around during his US visit.

Dimitar Berbatov backs Man United and Tottenham to finish above City
Manchester City take on Arsenal away as they look to retain their crown. The way Napoli played last season was really attractive.

Jose Mourinho admits right-back selection dilemma
Manager Jose Mourinho said Valencia will miss the start of the season with a calf injury and has ruled Dalot out until September while he recovers from a knee problem.

Focus on Trump's meeting with European Commission President Juncker - Deutsche Bank
Casey Guernsey, a former Missouri state legislator and a spokesman for Americans for Farmers and Families, urged Mr. Both the United States and the European Union drop all Tariffs, Barriers and Subsidies!" he wrote .

'Whatever bulls*it you say, no one forgets' - Klopp defends spending comments
Therefore, the arrival of Brazilian stopper Alisson this week from Roma in a £67 million deal comes as little surprise. Fast forward two years - and well over £300 million later - Klopp has admitted that he has had a change of opinion.