News & Press: Power Retail News

Apple Becomes First Trillion-Dollar Company Following Strong Q3 Results

Thursday, 9 August 2018  
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Tech giant Apple made history in the last week by becoming the world’s first trillion-dollar company.

Apple’s valuation hit the record-breaking number on Thursday, the day after it announced its Q3 financial results and a 17 percent rise in revenue. It’s no surprise that, after reporting what CEO Tim Cook described as “Apple’s best June quarter ever,” the company’s share prices would rise. It is surprising, however, that the rise would result in Apple hitting the trillion-dollar milestone ahead of competitors such as Amazon, Microsoft, and Google parent company Alphabet. Read more...