Apple Marketcap: $1 Trillion Line Crossed

in #apple6 years ago

All eyes were on the race for $1 trillion marketcap. Apple, Amazon, and Google were all running in the race.

With Apple shares up on Thursday morning, the magical level was crossed. Thus far, we can declare Apple the winner.

Next up is Amazon who is not too far from entering that exclusive club itself.

The biggest question is can Apple maintain this tier? A decade ago, PetroChina hit a marketcap of a trillion dollars only to lose it quickly due to a collapse in oil prices.

Apple does have some headwinds. The IPad was the last "revolutionary" product to really breakthrough. Services is a growing segment for the company but this follows the disappointment of the Iwatch. So where does Apple go from here?

Over the past few years, Apple's growth has been using the model of bringing out higher priced IPhone with models now touching $1,000 each. This has worked since Apple has such a loyal following among its users.

Going out a few years, Apple is already showing itself to be an early leader in both augmented and virtual reality. While their plans are not fully clear, the IPhone should have these capabailities in them over the next few years.

China is a growing segment for Apple. In fact, the entire Asian region is important to them. According to their last filing, this market grew 19% for Apple. As a total part of the revenues, it it still rather small yet this market cannot be overlooked.

Being dependent upon China brings in a couple of factors. Not only is there the difficulty in entering that market and combating the piracy that is so common, this also puts the company in the tariff war that is presently taking place. If this battle between the President and the Chinese persists, Apple is going to have to navigate it very carefully.

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ibtime.co.uk

Steve Cook did a wonderful job taking over for Steve Jobs. Under his watch, the marketcap of Apple is up over $600 billion. There are many reasons that are attributed to this, one of them being the run in the market in general. Nevertheless, the megatech companies have continually outpaced the market.

The biggest question for Cook is if he can bring out another "game changing" product. There is lot of speculation about Apple's intentions with television, autonomous cars, and AR/VR. Thus far, the company is very tight-lipped about the plans it has. This is not uncommon for the tech giant.

For a few moments at least, Apple could claim to be a trillion dollar company; the only one in the world.

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What about Bitcoin? Should it cross 1 Trillion

Nice post consiting of deep research on the topic of lots of effort have put into it
#need2beappreciate

Apple is first one to enter the $1 Trillion Club but could be difficult to maintain this slot for long because big giant Google & Amazon are on the way.

Steve Cook did a wonderful job taking over for Steve Jobs. Under his watch, the marketcap of Apple is up over $600 billion.

No one can defeat #apple 😂 lol

You'll be next with excellent articles and payout like yours!
-exp

It has been a long time coming, but Apple could soon be worth $1 trillion ... in market capitalization, as Breakingviews predicted seven years ago. ... business and policy headlines — and the power-brokers who shape them.

But next Amazon, I think Amazon will go for number one, isn't it?

Now tell me again how Bitcoin is a bubble.

Steve Jobs wasn't IT guy, but he was insane marketing guru. He could sell you box full of shit and make you think it's cake.
He was able to sell mid-range products as high-end.

Steve Jobs (I really don't like him but must respect him) did snowball the fast train.
Cook is pretty useless, but he's got the "wheel" of really fast train and it will take a lots of time for the train to slowdown.

Great post!
Thanks for tasting the eden!

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Interesting article, thank you. Apple is the most powerful company at the present time!

There is a shadow obscure war between enterprises in the world.

Unfortunately I think Apple has reached its peak......

It is only their phone that helps keep them ahead of the tech world. Everything else they put out has flopped except for the iPhones which is still going strong. Because Apple knows this they keep marking up their phones and eventually this will be their downfall.

Sadly, the only way they can profit now is just from their phones which is in my opinion too high for any phone that is $1000. They are losing the market for the middle class.

Amazon will be next. I don't like Bezos on a personal level but the company has everything it needs to succeed. They will definitely overtake Apple when the time comes.

Congrats

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You have written a great article
Apple is wonderful company

Tonniez Group is next.. :)
Thanks for sharing @finprep

This is my 2nd post on steemit.
https://steemit.com/beamairdrop/@prabhabisht/beam-airdrop-earn-usd15-free.

How to grow this platform??

Well put!

It's really impressive that Apple is the first one worth a trillion.

But, I thought there would be companies even bigger.

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Great post!
Thanks for tasting the eden!

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