Apple becomes world's first trillion dollar company
02 August, 2018, 20:38 | Author: Sally Reid
Apple Chief Executive Tim Cook has a trillion reasons to smile. Apple announced $100 billion in stock buybacks on May 1, the largest repurchase ever by a USA public company.
In the almost more than four decades since Steve Jobs founded the company in a California garage, Apple has become almost synonymous with personal computing and mobile devices.
Apple crossed the threshold in Thursday trading following a strong third-quarter report that showed earnings beat expectations and also showed increased revenue from the technology giant's services and software businesses.
The stock has been rising since Tuesday when it reported better than expected results for the three months to June.
What makes it impressive is that Apple buys back a lot of its stock.
A lower share count means Apple's stock must reach a higher price to reach a $1 trillion market capitalization. Since 1980, IBM, Exxon Mobil, General Electric and Microsoft have also alternated as the largest publicly listed U.S. company.
Hot on Apple's heels is Amazon.com, the second-largest listed USA company by market value, at around US$880 billion, closely followed by Google-owner Alphabet and by Microsoft.
Apple's market milestone represents a remarkable turnaround for a company that was teetering on the brink of bankruptcy in the late 1990s, just before the return of visionary co-founder Steve Jobs.
North Korea has carried out a total of six nuclear tests, the most recent of which took place in September a year ago . South Korea's TV Chosun reported Tuesday Seoul's joint chiefs of staff are "closely monitoring the situation".
Still, some GOP lawmakers said they would draw the line at impeachment. "There is absolutely no basis to impeach Rod Rosenstein". Meadows heads the conservative Freedom Caucus and has sparred with Ryan on issues such as immigration and federal spending.
Despite having won two of his last five tournaments in the build-up to Carnoustie, Molinari was considered an outsider. McIlroy had struggled to make any headway but when he eagled the 14th he rocketed to the top of the leaderboard.
Election authorities granted military officers broad powers inside polling centres which further stirred fears of manipulation. A suicide bomber targeted a crowding polling station in the southwestern city of Quetta, killing 31 people .
In March - just three months before releasing " Sober " - Lovato revealed that she had celebrated six years of sobriety. Former Fifth Harmony member Camilla Cabello tweeted: "You're in my thoughts @ ddlovato , sending you love".
Four players tied for second at 6 under, including American Xander Schauffele , who played in the final group with Jordan Spieth . It was Woods' best showing in a major championship since his fourth-place finish at the 2013 Masters in the United States .
He said somebody had predicted 5.3% growth, which he didn't think would happen, but he'd be happy with anything over around 3.7%. The result was boosted by a budget deal at the beginning of this year that added billions to defense and domestic spending.
Leonard, who missed nearly all of last season with a quad injury, reportedly passed his physical, and is Toronto-bound. He is a two-time NBA Defensive Player of the Year and the 2014 NBA Finals MVP. "I don't know how you can hate him".
On 30 May, a day after ABC had cancelled the show, Barr claimed that she had taken the drug Ambien before she sent the tweets. Roseanne apologised some more , explaining how she couldn't believe the tweet had been flagged up for racism.
Host Stephanie Ruhle said in response to Maddow's accusations against the White House that "we ALL deserve better than THIS". Trump has noted a range of topics he discussed with Putin, including Ukraine, but given no details of the talks.
Imran to take oath as Pakistani PM on August 11
Khan's party yesterday announced that it is trying to reach out to smaller parties and independents to form the next government. The National Assembly has 272 seats in total but two have been postponed and results of two are awaited.
17 missing as monster wildfire spreads
Fire officials warned that the blaze would probably burn deeper into urban areas before there was any hope of containing it. More than 3,000 fire personnel are battling the flames with more than 300 engines and 17 helicopters, Cal Fire reported.
Republicans move to impeach deputy attorney general
Rosenstein has overseen the special counsel's probe since Attorney General Jeff Sessions recused himself . While Meadows then moved on the impeachment resolution, others had a more positive view of the meeting.
31 people dead after Pakistan polling station explosion
More than 19 million new voters, including millions of women and young people, may prove decisive in the close race. The campaign has been surrounded by concerns the military had been meddling in the election to favour Mr Khan.