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Apple's worth up to $750 billion
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Apple's worth up to $750 billionPosted:
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Apple is red hot. The stock is at an all-time high. It's nearly up 25% this year. That makes Apple the best performer in the DOW.
And get this, Apple is now worth about three quarters of a trillion dollars: $750 billion. Apple's market cap is $160 billion higher than the second most valuable company in the U.S. Google parent Alphabet is worth about $590 billion.
Why is Apple doing so well? Wall Street is very excited, juiced if you will, about the next iteration of the iPhone that's due out later this year. It will probably be named the iPhone 8. But given that this is the tenth anniversary of the iconic device, some expect/hope that Apple will do like the National Football League does with Super Bowls and brand the new phone with a Roman numeral - the iPhone X.
There are lots of rumors about new bells and whistles that this iPhone could have: no home button, wireless charging, more augmented and/or virtual reality capabilities, a curvier screen like the original iPhone, facial recognition scanning. Whatever the new iPhone looks like, it's clear that there is now a lot of pressure on the company to sell thousands of them. Despite the efforts to diversify its revenue stream, Apple still relies on the iPhone for nearly 70% of their sales.
Apple today announced financial results for its fiscal 2017 third quarter ended on July 1st, 2017. The company posted a quarterly revenue of $45.4 billion and quarterly earning per diluted share of $1.67 billion. These results compare to $42.4 and earnings per diluted share of $1.42 in the year-ago quarter; international sales accounted for 61% of the quarter's revenue.
Apple is providing the following guidance for its fiscal 2017 fourth quarter:
- revenue between $49 billion and $52 billion
- gross margin between 37.5% and 38%
- operating expenses between $6.7 billion and $6.8 billion
- other income/expense of $500 million
- tax rate of 25.5%
Sources:
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Apple is red hot. The stock is at an all-time high. It's nearly up 25% this year. That makes Apple the best performer in the DOW.
And get this, Apple is now worth about three quarters of a trillion dollars: $750 billion. Apple's market cap is $160 billion higher than the second most valuable company in the U.S. Google parent Alphabet is worth about $590 billion.
Why is Apple doing so well? Wall Street is very excited, juiced if you will, about the next iteration of the iPhone that's due out later this year. It will probably be named the iPhone 8. But given that this is the tenth anniversary of the iconic device, some expect/hope that Apple will do like the National Football League does with Super Bowls and brand the new phone with a Roman numeral - the iPhone X.
There are lots of rumors about new bells and whistles that this iPhone could have: no home button, wireless charging, more augmented and/or virtual reality capabilities, a curvier screen like the original iPhone, facial recognition scanning. Whatever the new iPhone looks like, it's clear that there is now a lot of pressure on the company to sell thousands of them. Despite the efforts to diversify its revenue stream, Apple still relies on the iPhone for nearly 70% of their sales.
Apple today announced financial results for its fiscal 2017 third quarter ended on July 1st, 2017. The company posted a quarterly revenue of $45.4 billion and quarterly earning per diluted share of $1.67 billion. These results compare to $42.4 and earnings per diluted share of $1.42 in the year-ago quarter; international sales accounted for 61% of the quarter's revenue.
Apple is providing the following guidance for its fiscal 2017 fourth quarter:
- revenue between $49 billion and $52 billion
- gross margin between 37.5% and 38%
- operating expenses between $6.7 billion and $6.8 billion
- other income/expense of $500 million
- tax rate of 25.5%
Sources:
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The following 1 user thanked uwu for this useful post:
TOXIC (08-02-2017)
#2. Posted:
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Not at all surprised, I have been buying Apple products for years now, and never really run into any problems with any of my products I have bought. Must of spend at least about £20k in my life time lol I'm looking to upgrade my Mac book Pro soon to the new retina touch, looks dope asf. More money for Apple I guess.
Thanks for sharing this mate, I knew Apple was in the billions, but didnt know it was that much.
So thanks for the share man.
Thanks for sharing this mate, I knew Apple was in the billions, but didnt know it was that much.
So thanks for the share man.
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#3. Posted:
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Always knew Apple was worth a lot, but never thought it was worth this much. I've had an Apple device for the past couple years so I definitely support the company, congrats to the company for being so successful.
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#4. Posted:
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I'm actually surprised they aren't worth more! Apple sells so much stuff every year that it is ridiculous on how much they make and are worth
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#5. Posted:
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I'll always stay with Apple for as long as i can see. Macbook and iPhone's.
Well done Apple.
Well done Apple.
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#6. Posted:
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Always have preffered apple and probably always will, not suprised at how much they're worth.
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#7. Posted:
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Motto: 9nty.gg
Motto: 9nty.gg
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One of the top businesses out there today, I personally love Apple and job well done I say.
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#8. Posted:
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Motto: Luna my boyfriend :3 || oh I'm also probably brain damaged or something idk
Motto: Luna my boyfriend :3 || oh I'm also probably brain damaged or something idk
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Motto: Luna my boyfriend :3 || oh I'm also probably brain damaged or something idk
I dislike Apple but i know lots of people like there products so it's not surprising great post
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#9. Posted:
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Loke wrote I dislike Apple but i know lots of people like there products so it's not surprising great post
What exactly do you dislike about Apple, are you MAD!!
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Been with apple since the 5 came out, best thing I done was move. Android is just too messy IMO.
No doubt Apple is worth this much either
No doubt Apple is worth this much either
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