Matrix Posted August 3, 2018 Share Posted August 3, 2018 A major, but temporary milestone for the smartphone giant Although the iPhone X launched with weaker-than-expected sales numbers, Apple has turned things around as of late. Indeed, as we pointed out yesterday, the company managed to grow its revenue by a whopping 17 percent year-over-year to a total of $53.3 billion in the third quarter of 2018. A not-insignificant chunk of this revenue growth can be attributed to improved iPhone X sales. This explosive growth has led to a sizable increase in Apple's stock price, boosting the tech giant's market cap to an incredible $1 trillion. The tech newswire lit up today with reports claiming Apple merely had to hit $207.05 per share to reach this milestone. Naturally, the $1 trillion figure is constantly changing. Even single-digit shifts in the company's stock price could cause it to grow above, or slip below, this milestone. Still, even if it's only a temporary achievement, it's an achievement nonetheless, especially given the fact that other tech companies have seen their values stagnate or outright fall recently. Whether or not Apple can retain this market cap -- or close to it -- in the long run remains to be seen. The company will face stiff competition from Samsung, and even Huawei, in the coming months as smartphone makers begin to unveil their latest flagship devices. source Link to comment Share on other sites More sharing options...
debebee Posted August 3, 2018 Share Posted August 3, 2018 Apple has many Supporters/Enablers Link to comment Share on other sites More sharing options...
dMog Posted August 3, 2018 Share Posted August 3, 2018 you don't have to like apple stuff...but if as you say, their stuff was so crappy...nobody would be happy to overpay for it all for all these years Link to comment Share on other sites More sharing options...
debebee Posted August 3, 2018 Share Posted August 3, 2018 Over pay for crappy keyboards, bad thermal throttling on CPUS, being 1 or 2 gens behind current intel processors.. And yes $1000+ phones.. APPLE, AT LEAST GIVE US THE BANG FOR BUCK Link to comment Share on other sites More sharing options...
Mike1959 Posted August 3, 2018 Share Posted August 3, 2018 So much money and still so many homeless/starving people in the world...? Link to comment Share on other sites More sharing options...
dMog Posted August 3, 2018 Share Posted August 3, 2018 3 hours ago, Mike1959 said: So much money and still so many homeless/starving people in the world...? this is not a new problem...it has existed since man invented money...greed, exploitation and needless starving was there even before money was. Link to comment Share on other sites More sharing options...
Matrix Posted August 3, 2018 Author Share Posted August 3, 2018 6 hours ago, teodz1984 said: Over pay for crappy keyboards, bad thermal throttling on CPUS, being 1 or 2 gens behind current intel processors.. And yes $1000+ phones.. cant argue with this I personally hate apple with the exclusion of strudel? congrats brother on your new status of veteran well done Link to comment Share on other sites More sharing options...
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