Apple Flirts With $1 Trillion Market Cap After Strong Earnings Report

Apple could become the world's first trillion dollar company today

Apple's Market Value Is Approaching A Trillion Dollars: Report

Samsung's performance underscored mounting concerns that Apple, too, would be victimized by a saturated smartphone market. Apple posted earnings per share of $2.34 compared to Thomson Reuters estimate of $2.18.

Apple was largely spared in last week's tech sector sell-off when shares of Facebook, Twitter and Netflix fell sharply on concerns about their future growth.

However, a mix of strong revenue today and a market valuation that's closing in on $1 trillion are hyping Apple's stock price to record levels in after hours trading.

David Luiz wants to stay at Chelsea
We play high, with a lot of possession of the ball, in a technical way. On Sarri's philosophy, Luiz claimed, "I love this philosophy". We're doing that every single day.

"These results and guidance will increase investor confidence", Shannon Cross of Cross Research wrote in a note to investors.

There are lots of things to expect from Apple's upcoming quarterly earnings to stay tuned for the latest. The world's most valuable company is betting they will stick around. While unit sales have slowed recently, the company is building digital services and a suite of other gadgets around the device. Interestingly, there were no specific statements about the Indian market, where Apple has not had a great quarter as per local analysts, except for the comment in the earnings call that it was one of the markets were the Mac had shown double digit growth. In September, Apple expects to unveil three new models, which explains the strong forecast.

Some of the more bullish Apple analysts believed Apple might report $9.2 billion in services revenue for the June quarter. That's inline with sales from Q3 2017, when Apple sold 41 million smartphones. Analysts surveyed by Zacks had expected revenue of $58.59 billion.

Alex Jones has been suspended from Facebook for 30 days
Facebook temporarily suspended the account of right-wing radio host Alex Jones on Friday for alleged hate speech and bullying. Facebook has made it crystal clear that if the posts incite violence or misinformation, it would be removed .

In its financial results for the third quarter of 2018, the company posted a revenue of $53.3 billion, which is a 17 per cent increase on the same quarter previous year.

Apple (AAPL) reported its Q3 2018 earnings Tuesday, posting earnings of $53.3 billion revenue on $2.34 earnings per share. Cook said that the more expensive iPhone X was once again the most popular iPhone model this quarter. The Mac sales were down by 13 percent to 3.7 million units while the revenue declined by 5 percent to $5.3 billion. The Services revenue includes sales from App Store, Apple Care, Apple Pay, iTunes and cloud services. Of course, the iPhone still pulled down almost $30 billion in total revenue, but Services has rapidly grown from a minor segment of Apple's business to a major component. Paid subscriptions have now passed 300 million, he also noted.

The Other Products division, home to the Apple Watch, AirPods, and the HomePod, took in $3.7 billion in revenue, up a whopping 37% year-on-year. Chief Executive Tim Cook credited "wearables", a category which includes wireless earphones and the Apple Watch, with making growing contributions as well.

Shark returned to aquarium after being stolen in baby stroller
She was put into a bucket of water, which was then put onto a stroller to make it look as if the fish was a young child. The horn shark was taken out of an open pool where visitors are allowed to touch and interact with sea creatures.

Latest News