Reuters (December 13)
Apple “rose about 11% last week, extending its more than 30% gain for the year as investors remain confident that flush consumers will continue to pay top dollar” for its products.” The company’s “market value hovered just shy of the $3 trillion mark on Monday, following a stunning run over the past decade that has turned it into the world’s most valuable company.”
Tags: $3 trillion, Apple, Confident, Consumers, Extending, Gain, Investors, Market value, Stunning
Barron’s (August 19)
“Apple is the first U.S. company to achieve a valuation of $2 trillion,” a valuation that Saudi Aramco has also achieved. There are three other “stocks with a valuation above $1 trillion.” Amazon.com and Microsoft are each about $1.6 trillion with Alphabet trailing at $1.0 trillion. “Facebook (FB) is the next-closest U.S. stock to the 13-digit level, with a valuation of $748.1 billion.”
Wall Street Journal (January 15)
Encryption and security protections “have significant social and public benefits.” These are becoming “more important as individuals store and transmit more personal information on their phones—including bank accounts and health records—amid increasing cyber-espionage.” The U.S. Attorney General wants Apple to provide law enforcement with a backdoor. It won’t and it shouldn’t. “Any special key that Apple created for the U.S. government to unlock iPhones would also be exploitable by bad actors.”
Tags: Apple, Backdoor, Bad actors, Bank accounts, Benefits, Cyber-espionage, Encryption, Exploitable, Health records, Law enforcement, Personal information, Phones, Security, U.S., Unlock
New York Times (August 20)
“Nearly 200 chief executives, including the leaders of Apple, Pepsi and Walmart, tried on Monday to redefine the role of business in society—and how companies are perceived by an increasingly skeptical public.” The new inclusiveness of multiple stakeholders sounds appealing. Still, “for companies to truly make good on their lofty promises, they will need Wall Street to embrace their idealism, too. Until investors start measuring companies by their social impact instead of their quarterly returns, systemic change may prove elusive.”
Tags: Apple, CEOs, Idealism, Inclusiveness, Investors, Pepsi, Redefine, Role of business, Skeptical, Society, Stakeholders, Wall Street, Walmart
The Economist (January 12)
“Analysts reckon that the number of smartphones sold in 2018 will be slightly lower than in 2017, the industry’s first ever annual decline.” “Peak smartphone” may be “bad news for Apple shareholders,” but the apparent “levelling off at around 1.4bn units a year is good news for humanity.”
Tags: Analysts, Apple, Decline, Humanity, Industry, Peak smartphone, Shareholders, Smartphones
CNN (January 3)
“Evidence is mounting that the US-China trade war is dealing a blow to the American stock market. Stocks plunged on Thursday after Apple (AAPL) blamed a big sales miss on slowing growth in China and rising trade tensions. China’s massive manufacturing sector… has tumbled into contraction. And trade trouble helped fuel the biggest one-month decline in US factory activity since the Great Recession.”
Tags: Apple, China, Contraction, Decline, Evidence, Great Recession, Growth, Manufacturing, Plunged, Stock market, Tensions, Trade war, U.S.
USA Today (August 2)
Apple just became the first U.S. company to achieve a $1 trillion valuation, which seems rather unfathomable at first. “For $1 million you could buy a very nice one bedroom apartment in San Francisco. With $1 trillion, you could buy a very nice apartment for everybody in the city (San Francisco’s population is close to a million).” But hopefully Apple will “write a check because there’s just over a trillion dollars currently in circulation in the U.S.”
Tags: $1 trillion, Apartment, Apple, Circulation, First, San Francisco, U.S., Valuation
Wall Street Journal (November 8)
“The world’s most valuable public company just made more history.” Shares in Apple “rose 0.8% Wednesday to close at a new all-time high of $176.24, giving the iPhone maker a market value of $904.9 billion.” The advance makes Apple “the first U.S. company to reach the $900 billion threshold, having already become the first to hit $800 billion.”
Tags: All-time high, Apple, History, iPhone, Market-cap, Shares, U.S., Valuable
U.S. News & World Report (February 6)
“A report published last year stated that more than 37 percent of workers in Silicon Valley are foreign-born.” Not surprisingly, given that, “a group of nearly 100 tech companies have filed an amicus brief to a federal appeals court voicing concerns over President Donald Trump’s stalled immigration-focused executive order.” Among them were “Google, Apple, GoPro, Facebook, Dropbox, eBay, LinkedIn, Microsoft, Netflix and Twitter.”
Tags: Amicus brief, Apple, Dropbox, EBay, Facebook, Foreigners, Google, GoPro, Immigration, LinkedIn, Microsoft, Netflix, Silicon Valley, Tech companies, Trump, Twitter, U.S.
The Economist (September 3)
“An epic struggle looms. It will transform daily life as profoundly as cars did in the 20th century: reinventing transport and reshaping cities, while also dramatically reducing road deaths and pollution.” Across several industries companies have grasped “the transformative potential of electric, self-driving cars, summoned on demand.” With Uber poised to lead this race, “technology firms including Apple, Google and Tesla are investing heavily in autonomous vehicles; from Ford to Volvo, incumbent carmakers are racing to catch up.”
Tags: Apple, Autonomous vehicles, Carmakers, Cars, Cities, Daily life, Electric, Ford, Google, Pollution, Reinventing, Roads, Self-driving, Struggle, Tesla, Transformative potential, Transport, Uber, Volvo
