Apple first to a Trillion!!!

If you ask someone to name a tech company that is successful, they will definitely without a doubt say Apple.

Apple is mostly known for their numerous generations of iPhones,iMac,iPads, and watches. In a Forbes article, it was stated that “It is incumbent on the company that holds the profitability high ground that it maintains the functionality and brand that allows it to be the leader, as there is always the scenario that a very profitable product will have its margins competed away. The bottom line is that while Apple only captured 19% of smartphone shipments per IDC in the December quarter, it seized 87% of the profits per Canaccord Genuity.”. Apple is a company that not only gets their money but Apple maintains the trend of an upward protection financially. To confirm their greatness today August 2nd Apple has a stock price of $207.05 a share. Therefore the company is now valued at 1 Trillion, a massive mark in Wall Street in history. This is due to Apple being the first company to reach this milestone. On Tuesday, July 31st had a great earnest report with an 11.5 billion dollars of profit in the third quarter, in a way this foreshadowed the success Apple displayed today by Hitting an all-new high point in the technological environment. When examining other tech companies that rival Apples no company is near compared. However, Amazon and Alphabet Incorabted are two companies somewhat behind Apple that have market capitalizations of something near $880 and $860 billion dollars. Despite all that money Apple is safely far in the lead and seems only to stay on the track of greatness.

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