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.
2018-11-19 09:38:00 Monday ET
The Trump administration mulls over antitrust actions against Amazon, Facebook, and Google. President Trump indicates that the $5 billion fine against Googl
2019-09-15 14:35:00 Sunday ET
U.S. Treasury officially designates China a key currency manipulator in the broader context of Sino-American trade dispute resolution. The U.S. Treasury cla
2017-01-27 17:19:00 Friday ET
Tony Robbins explains in his latest book on personal finance that *patience* is the top secret to successful stock investment. The stock market embeds an
2018-08-21 11:40:00 Tuesday ET
President Trump criticizes his new Fed Chair Jerome Powell for accelerating the current interest rate hike with greenback strength. This criticism overshado
2018-11-29 11:33:00 Thursday ET
A congressional division between Democrats and Republicans can cause ripple effects on Trump economic reforms. As Democrats have successfully flipped the Ho
2018-04-23 07:43:00 Monday ET
Harvard professor and former IMF chief economist Kenneth Rogoff advocates that artificial intelligence helps augment human productivity growth in the next d