Quarterly financial results Appthey are already there published a few days and according to them, the company is doing really well. $53,3 billion in revenue, $11,5 billion in net income, a significant improvement over last year. Of course, all these aspects are also reflected in the stock market. It has on her Apple a total of 4 shares, which is less than 829 million shares less than after the previous quarter. The company itself is to blame for this decline, as it continues to buy back its own shares.
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However, despite the redemption process, the value Applu increases. This is due to the strengthening of the share price just after the publication of the financial results. They caused an increase of 6% and reached a record amount of $ 201.5 per share. By simply multiplying the value of one share by their number, we arrive at the result of the company's market value of $ 973 billion. That is, very close to the desired trillion dollars. However, it is not at all easy to determine when this limit will be exceeded. Mainly due to the aforementioned buyback of own shares, which reduces the company's market value.
Sales iPhone X really helped the current financial results.
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If (or rather “until) it really happens, it will Apple likely to be the first company in the world to surpass the one trillion dollar market value mark. However, its biggest competitors in the form of Amazonu, Microsoftand Alphabet (Google's parent company) are right behind.
