THE TELEGRAPH: More than $200bn (£160bn) has been wiped off the value of Apple following reports that China has banned government officials from using iPhones at work.
Apple’s share price dropped more than 3pc on Thursday, marking a second day of sharp falls after the Wall Street Journal reported that Chinese authorities had banned officials from using the company’s smartphones.
The California-headquartered company’s share price has now fallen 7.3pc since Tuesday, wiping more than $200bn from its market value. » | Chris Price | Thursday, September 7, 2023
Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Showing posts with label Apple Inc.. Show all posts
Showing posts with label Apple Inc.. Show all posts
September 07, 2023
January 03, 2022
Apple Becomes First Company to Hit $3 Trillion Market Value
THE NEW YORK TIMES: The iPhone maker’s value tripled since 2018 as its sales continued to soar and it spent hundreds of billions of dollars on its own stock.
Combine Walmart, Disney, Netflix, Nike, Exxon Mobil, Coca-Cola, Comcast, Morgan Stanley, McDonald’s, AT&T, Goldman Sachs, Boeing, IBM and Ford.
Apple is still worth more.
Apple, the computer company that started in a California garage in 1976, is now worth $3 trillion. It became the first publicly traded company to ever reach the figure on Monday, when its stock briefly eclipsed $182.86 a sharebefore closing at $182.01.
Apple’s value is even more remarkable considering how rapid its recent ascent has been. In August 2018, Apple became the first American company ever to be worth $1 trillion, an achievement that took 42 years. It surged past $2 trillion two years later. Its next trillion took just 16 months and 15 days. » | Jack Nicas | Monday, January 3, 2022
Combine Walmart, Disney, Netflix, Nike, Exxon Mobil, Coca-Cola, Comcast, Morgan Stanley, McDonald’s, AT&T, Goldman Sachs, Boeing, IBM and Ford.
Apple is still worth more.
Apple, the computer company that started in a California garage in 1976, is now worth $3 trillion. It became the first publicly traded company to ever reach the figure on Monday, when its stock briefly eclipsed $182.86 a sharebefore closing at $182.01.
Apple’s value is even more remarkable considering how rapid its recent ascent has been. In August 2018, Apple became the first American company ever to be worth $1 trillion, an achievement that took 42 years. It surged past $2 trillion two years later. Its next trillion took just 16 months and 15 days. » | Jack Nicas | Monday, January 3, 2022
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