Apple Close To Becoming The First $1trillion dollar Company
Apple Inc. an American multinational technology company that designs, develops and sells consumer electronics,online services ,computer software and hardware product which include the iPhone Smartphone, the iPod tablets, computers and other devices.
Apple's stock has just gained 17 percent this year making them to be on a path to becoming the first company with a market value of $1trillion. The shares jumped 4.3 percent after the company projected sales that suggests consumers snapping up the company's high-end iPhone even as they want to get new models.
Check out the Telecommunication Company that recently Beat Apple in Sales
The Apple are expecting the vast majority to be line-up during the next couple of quarter that is to support near-term result. iPhone for decades happens to be most important product of the Apple company providing the 60 percent revenue and the company is building digital services and suite of other gadgets around the device as the unit sales have slowed down recently. The higher price of iPhone and the other businesses the company are into has help in the growth of the company's revenue.
The company is expected to launch three new phones later this year as the Apple's fiscal fourth-quarter outlook is closely watched which is normally the period the company unveil the new iPhone. The company sold 41.3 million iPhone in the third quarter and they made a revenue of $29.9 billion at high average selling price of $724 but the iPhone X has just started it average selling price at $999.
The company is expecting it fiscal fourth-quarter revenue to be between $60billion and $62billion. It just a matter of time the company will worth $1trillion as the world is watching.
Apple Inc. an American multinational technology company that designs, develops and sells consumer electronics,online services ,computer software and hardware product which include the iPhone Smartphone, the iPod tablets, computers and other devices.
Apple's stock has just gained 17 percent this year making them to be on a path to becoming the first company with a market value of $1trillion. The shares jumped 4.3 percent after the company projected sales that suggests consumers snapping up the company's high-end iPhone even as they want to get new models.
Check out the Telecommunication Company that recently Beat Apple in Sales
The Apple are expecting the vast majority to be line-up during the next couple of quarter that is to support near-term result. iPhone for decades happens to be most important product of the Apple company providing the 60 percent revenue and the company is building digital services and suite of other gadgets around the device as the unit sales have slowed down recently. The higher price of iPhone and the other businesses the company are into has help in the growth of the company's revenue.
The company is expected to launch three new phones later this year as the Apple's fiscal fourth-quarter outlook is closely watched which is normally the period the company unveil the new iPhone. The company sold 41.3 million iPhone in the third quarter and they made a revenue of $29.9 billion at high average selling price of $724 but the iPhone X has just started it average selling price at $999.
The company is expecting it fiscal fourth-quarter revenue to be between $60billion and $62billion. It just a matter of time the company will worth $1trillion as the world is watching.
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