Apple’s Market Value Hits $3 Trillion Again—and Stays There

This Middle-Aged Tech Bro Spends $2 Million a Year to Stop Aging. . . and Swaps Blood With His Teen Son

The Cupertino tech leader has achieved a similar feat before. On January 3, 2022, Apple briefly reached the $3 trillion mark during intraday trading, but it didn’t close there due to shares suffering a 27 percent drop amid a tech slowdown that sparked a pull back in the industry’s stocks, according to. Apple’s shares, however, came roaring back this year as Wall Street has once again turned to big tech.

While the company has seen two back-to-back quarters of revenue decline, its services segment—which includes the App Store and its subscription services such as Apple Music, Apple TV+ and iCloud—have made it economically resilient, experts say. For the 2024 fiscal year, the company is on pace to land $100 billion in annual services revenue in what Wedbush Securities analyst Dan Ives called a “jaw-dropping trajectory.

Apple is part of a small list of large tech firms that have not conducted mass layoffs this year. That may be due to its more conservative hiring as other companies aggressively upped their numbers during the pandemic,reported. Its headcount expanded only 20 percent from 2020 to 2022, while Alphabet saw a 60 percent increase and Amazon nearly doubled its staff. Both of those companies later announced layoffs of about 30,000 combined.

“This signals a better quality of management at Apple compared to other technology companies that clearly read the signals during the pandemic the wrong way,” Peter Garnry, head of equity strategy at Saxo Bank, toldis set to be released next year, offering users an augmented reality experience. Whether consumers adopt the device, priced at $3,499, remains to be seen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Apple stock hits record, on cusp of $3 trillion market valueApple's stock climbed to a record high close on Wednesday and was on the cusp of a $3 trillion market capitalization.
La source: Reuters - 🏆 2. / 97 Lire la suite »

Apple stock hits $3 trillion market value as new gadget releases loomTo maintain a $3 trillion valuation on Friday, Apple’s stock needs to close above $190.74 per share.
La source: nypost - 🏆 91. / 67 Lire la suite »

Apple's market value breaches $3 trillion mark againApple Inc's market capitalization on Friday breached the $3 trillion mark for the first time since January last year, as investors bet on the iPhone maker's ability to grow revenue even as it explores new markets such as virtual reality.
La source: Reuters - 🏆 2. / 97 Lire la suite »

Apple's market value breaches $3 trillion markApple Inc's market value on Friday breached the $3 trillion mark for the first time since January last year, lifted by signs of improving inflation and bets that the iPhone maker will successfully expand into new markets.
La source: Reuters - 🏆 2. / 97 Lire la suite »

Wall St rallies as inflation cools, Apple hits $3 trillion market valueU.S. stocks rallied on Friday, putting the tech-heavy Nasdaq on course for its biggest first-half gain in 40 years as inflation showed signs of cooling while Apple returned to a $3 trillion market valuation.
La source: Reuters - 🏆 2. / 97 Lire la suite »

Apple’s market value ends above $3 trillion for first time as new gadget releases loomThe tech giant’s stock rose more than 2% to $193.97 per share at the closing bell on Friday after finishing at a record high in each of its previous two trading sessions.
La source: nypost - 🏆 91. / 67 Lire la suite »