With access to global markets in a global digital village and it’s ever adapting pace to technological innovation for the masses, Apple inc famous for products such as the iPhone, ipod, itunes has hit a market capitalization of over $1 trillion US dollars in August 2018.
Currently Apple inc is trading at $206.9722 per share and has 4,915,138,000 shares, making the company have a market cap of $1,017,296,925,163.60 at the time of writing.
It has been a rocky road for Apple over the years to find its hay day today with technological innovation. Starting in a garage with founders Steve Wozniak and Steve Jobs, they embarked on the journey at the start of the desktop computer revolution and helped define it.
Technological innovation with the iMac led the company to new design philosophies which culminated the shift at Apple inc that steered the way away from competition models to truly innovative design such as with the Apple iPod and then moving into the iPhone.
Through this innovation into music, the company today finds itself with some healthy statistics for the company. With current Dividend Yield of 1.41% according to Nasdaq and steady rise of the share price over the last 12 months, Apple inc has continued to please and impress investors in their stocks.
On 30th September 2017, Apple inc reported total revenue of $229,234,000,000 ($229 billion) with gross profits of $88,186,000,000 ($88 billion) according to Yahoo! Finance, which is a gradual recovery from the gross profits in 2015. On 26th September 2015, Apple inc reported $233,715,000,000 ($233 billion) total revenue with $93,626,000,000 ($93 billion gross profits).
Gross profitability by Apple inc has improved, with 2015 figures showing a 40.06% gross profit margin verses 2017’s just under 38.47% gross profit margin. Profitability for the company has decreased just under 3.98% between 2015 and 2017 reported figures.
Apple Inc has continued it’s focus on innovation increasing its research and development budget each year.
As a technological company focused on consumer goods and services, research and development are key aspects that has enabled Apple inc to innovate on the mobile computing and music front over the years to achieve these results today.
The focus of Apple inc has focused on two areas of both consumer electronics focused on the mobile market and also its focus on services which we have seen from Apple, such as Apple Pay and iTunes. For the masses it has worked well. According to Statista, Apple sold 216 million units of iPhone models worldwide in 2017 and between 2007 and 2017, the company has sold more than one billion iPhones across the world.
With Apple inc becoming the first trillion dollar company, we have to ask what overs will reach this milestone. Amazon, the online retailer for example has reached over $900 billion market cap and many others are trailing into the trillion dollar market cap zone.
Name: Apple inc.
Stock Symbol: AAPL