Apple becomes first company valued at $1 trillion

[mystery-ak]

Apple becomes first company valued at $1 trillion
by Katelyn Caralle
 | August 02, 2018 12:26 PM



Apple became the first publicly traded company to be worth $1 trillion.

Apple Inc., grew 19 percent by the end of June while expanding its sales in China, the tech giant said in a July statement. On Thursday, Apple reach $1 trillion in worth.

The recently strengthened relationship between Apple and the world’s second-largest economy contributed to Apple’s historic milestone.

“We’re thrilled to report Apple’s best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth,” Apple CEO Tim Cook said.

While other tech companies have been losing value over data privacy concerns, Apple has thrived. Just last week, Facebook experienced the single biggest one-day market value loss of any stock in American history.

Facebook founder and CEO Mark Zuckerberg reported slowing audience and sales growth as the social media platform adapted to new privacy rules in Europe and data-security concerns in the U.S.

The company dropped 19 percent on July 26, leaving its worth at $510.4 billion.

more
https://www.washingtonexaminer.com/policy/technology/apple-becomes-first-company-valued-at-1-trillion

[WarmPotato]

This is concerning when it comes to trust busting...

[Drago]

How so? They have nowhere near a "lock"/major share of anything they produce (phones, PC's, tablets).  Much bigger concerns would be the GE/Comcast/NBC-Universal deal (Obama buddy J. Immelt), the ATT/DirecTV deal or Google/Android in phones (much bigger market share than Apple).

 

[ABX]

This is concerning when it comes to trust busting...

What monopoly do they have? They have grown this much because consumers freely chose their products over others. They haven't locked any other company out of the market.