The countdown is now on for Apple to $2trn mark

  • The countdown is now on for Apple to $2trn mark
    Independent.t. E.
    Within a few hours from Apple will be the first in the history of the company will rise to $1 trillion (€860bn) market capitalization, the conversation shifted when he would have reached double that figure.
    https://www.independent.ie/business/technology/the-countdowns-now-on-for-apple-to-hit-2trn-mark-37183357.html
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Within a few hours from Apple will be the first in the history of the company will rise to $1 trillion (€860bn) market capitalization, the conversation shifted when he would have reached double that figure.

“Apple’s Race to $ 2 trillion, has officially begun,” screamed the headline on the financial website thestreet.com.


Jobs, right, during the first days of the company in California co-founder Steve Wozniak.

It’s not hard to see why. According to the latest bumper earnings, Apple now brings in €1 billion from sales every two days. His profit level, equally obscene 1 billion euros every 10 days.

This is the greatest profitable enterprise in history, with more than €200 billion now collected in a cash pile that it hardly knows what to do with them.

His path to the status of the trillionaire was largely built over the last seven years, ever since Tim cook took the steering wheel from the late Steve jobs in 2011.

Since then, the value of Apple has increased 20 times, based on sustainable growth on the iPhone, solid commercial expansion into huge markets such as China and elegant success in new product categories such as Apple watch.


Tech giant Apple does this 1 trillion dollars on wall Street. Photo: Reuters/Mike Segar

The second line of products is especially important. While the iPhone continues to 60pc of fortune Apple’s sales, Apple’s new ‘wearable’ division, which includes the Apple watch and Apple earphones Airpod to reach sales of $10 billion (€8.6 billion) in the last 12 months.

This meant that even with iPhone sales finish slightly worse than expected in the last quarter the difference was more than products like the Apple watch, which is now the biggest selling watch in the world.

For Apple boss Tim cook, it is especially nice as the watch was the first new product introduced under his leadership.

A diversified portfolio of Apple is also supported by the Apple music, which just overtook the theme of the best paid music streaming service in the US market.

Section and its iPad, which has seen sales declines over the last four years, has now recovered and is again showing growth, thanks to a change Apple more, iPad Pro models.

Only a laptop and a division of Apple PC – Mac – seem to suffer a decline in sales at the moment, if you have any problems Apple, ranging from the lack of specification of updates on users ‘ complaints for the new MacBook keyboard.

But it’s still mighty iPhone, which is Apple product. Even in the holiday quarter, the company still sells almost a million phones every 48 hours.

And his latest income report showed that the average price of sales of the iPhone exceeded $700, further putting the lie to the assertion that people will not buy a phone for €1,000. (IPhone x is sold for €1,179 in Ireland.)

Success breeds success, including financial impact, to do new things.

While Apple’s future road map is still largely based on his phones and other equipment, the company is now further diversifying into entertainment, allocating an annual budget of around €1 billion in the creation of new shows and movies can become a competitor to Netflix and HBO.

Also there were constant rumors about its development of the car or items around the car.

Among all this, the Apple stores only one self-managed plant outside the United States – cork.

The tech giant physically makes Macs in Holyhill and continues to expand its General work – now employs more than 6,000 people – the second largest city in Ireland from the time of its creation appeared in 1980.

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