2018-08-01 11:43:00 Wed ET
stock market gold oil stock return s&p 500 asset market stabilization asset price fluctuations stocks bonds currencies commodities funds term spreads credit spreads fair value spreads asset investments
Apple becomes the first company to hit $1 trillion stock market valuation. The tech titan sells about the same number of smart phones or 41 million iPhones and other mobile devices in 2018Q2 in comparison to 2017Q2. Thanks to its flagship iPhone X, Apple substantially boosts the average price per unit to $724. Due to this higher average price per unit, Apple rakes into $11.5 billion net profits in 2018Q2.
Apple's iPhones remain its most important products and account for about 60% of total revenue. Total sales grow 17% to $53.3 billion with a healthy EPS of $2.2 per share. Services sales also grow 31% to $9.6 billion, thus this trend is on track for services sales to double by 2020.
Apple sits on more than $240 billion cash stockpiles and now plans to return to its shareholders in the form of $100 billion share repurchases. In response, the stock market rewards this outperformance with a whopping 5% share price increase.
Apple's ascent beyond $1 trillion in stock market value then confirms a remarkable turnaround from the brink of bankruptcy about 2 decades ago. Meanwhile, Apple CEO Tim Cook needs to evaluate the effect of new tariffs on Chinese imports that may affect Apple Watch sales in recent consultation with the Trump administration.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2020-09-17 12:28:00 Thursday ET
Many successful business organizations develop their distinctive capabilities and unique value propositions for strategic reasons. Paul Leinwand and Cesa
2018-05-03 07:34:00 Thursday ET
Sprint and T-Mobile propose a major merger in order to better compete with AT&T and Verizon. This mega merger is worth $26.5 billion and involves an all
2018-02-11 07:30:00 Sunday ET
President Trump unveils his ambitious $1.5 trillion public infrastructure plan. Trump proposes offering $100 billion in federal incentives to encourage stat
2017-08-31 09:36:00 Thursday ET
The Trump administration has initiated a new investigation into China's abuse of American intellectual property under Section 301 of the Trade Act of 19
2018-04-11 09:37:00 Wednesday ET
North Korean leader and president Kim Jong-Un seeks peaceful resolution and denuclearization on the Korean Peninsula. When *peace* comes to shove, Asia
2020-02-26 09:30:00 Wednesday ET
Goldman Sachs follows the timeless business principles and best practices in financial market design and investment management. William Cohan (2011) M