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That’s trillion with a T-Apple hits market value of $1 trillion

That’s trillion with a T-Apple hits market value of $1 trillion

Apple achieved record results in the region a year ago, revealing 30 percent growth during the fourth quarter of 2017, driven partly by a double-digit rise in iPhone sales across the Middle East. He's right. It's extremely hard to avoid comparing Apple's good fortunes with the recent slump at Facebook, which can be crudely summed up as the result of the social network's user-exploiting ways catching up with it. While we have much to be proud of in this achievement, it's not the most important measure of our success. "The five-year chart for all three companies show pretty steady upward climbs, but Alphabet's gains only tally 116 per cent versus almost 500 per cent for Amazon and 220 per cent for Apple", Robert Martin of InvestorPlace Media wrote.

The BBC reported that ever since the iPhone went on sale in 2007, Apple shares have soared by 1,100% and have jumped nearly a third in the past 12 months.

Along the way, it has changed how consumers connect with one another and how businesses conduct daily commerce.

So big was Amazon's leap that the fortune of its founder, Jeff Bezos, has skyrocketed to $147 billion - 52 per cent more than the $96.6 billion of second-placed Microsoft founder Bill Gates. It now accounts for 4 percent of the S&P 500.

Jobs, who founded Apple in a Silicon Valley garage in 1976 with Steve Wozniak and built it into a global powerhouse, died in October 2011. Apple on the other hand is the first non-state-owned company to reach this stratospheric valuation on its own merits without implicit government guarantees or backing.

During that time, Apple evolved from selling Mac personal computers to becoming an architect of the mobile revolution with a cult-like following.

Apple's revenue in the fiscal third quarter soared 17% to $53.3 billion from the same period a year earlier on the back of sales of pricier iPhones, online services and wearable devices.

Evans did not expect anything surprising from Apple in the near future, with many "boring quarters" in store before the company unveils smart glasses or high-tech cars. Also propelling Apple higher in recent months was Apple's announcement that it earmarked $100 billion for a new share repurchase program.

As a supplier of the cutting-edge screens used on the iPhoneX, this supplier is on the front lines of the products that will drive Apple's growth - and profits.

The iPhone maker was named as the only publicly listed USA company to be valued at $1,000,000,000,000 just before 5pm this afternoon. And with shares priced at just 15.2 times expected earnings, the market has adjusted to the new reality.

So, what are the factors that have helped Apple sail through against all odds and contributed to the company in achieving the rare feat? Since 1980, IBM Corp IBM.N , Exxon Mobil XOM.N , General Electric Co GE.N and Microsoft have also alternated as the largest publicly listed USA company. That was Chinese oil and gas giant PetroChina, which briefly topped $1 trillion in market value with its IPO in 2007, before the share price declined. Now that is something we're not surprised out - they bring a new one out for every occasion.

Apple has beaten other rival companies including Amazon, Microsoft, and Alphabet.

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