Apple now rules the world of business, after it broke many records this week. Today, Apple is worth $1.84 trillion. But that comes with a burden to the man – Tim Cook – who has taken Apple to the mountaintop. Mr Cook has cooked something so amazing that Wall Street is eating and loving it. Yes, he has prepared a special Apple, and they paid to eat, and are eating more. Today, Apple is the most expensive “apple” in the world, and the wonders of a nation called America.
Yet, Mr. Cook has to go back to the drawing board because this success is a burden across many metrics. The good news is that he knows that: “We’re conscious of the fact that these results stand in stark relief during a time of real economic adversity. We do not have a zero sum approach to prosperity and especially in times like this we’re focused on growing the pie, making sure our success isn’t just our success”.
Unbelievable in a time when the world is largely broken! Respect the brilliance of America. Next two more quarters, Apple could be hitting $2 trillion. Congrats Apple.
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Apple has toppled Saudi Aramco as the world’s most valuable company after its stock hit a record high on Friday, smashing Wall Street’s expectations.
Apple stock went up $412.22 a share, to put its market capitalization at $1.762 trillion to trump Saudi Aramco’s record.
According to data from Refinitiv, Saudi Aramco has held the position of most valuable public company since last year, and had a market capitalization of $1.760 trillion as of its last close.
Analysts had expected revenue to drop 2% to $52.6 billion on average. And earnings per share of $2.58, up 18%, crushed the average forecast of $2.07. But Apple’s 11% growth put its earnings at $59.7 billion for the second quarter.
Apple along other big US tech companies has shown resilience in the face of the COVID-19 pandemic that has brought economies to staggering point, including many publicly listed companies
Apple Topples Saudi Aramco, Becomes World’s Most Valuable Company
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Apple has something no other company or corporation has in abundance: it has the best storytellers!
From the naming of company Apple, to the products: iPhone, iTunes, Mac, iPad, etc; it’s a conflation of seduction and elegance, no other company comes close when it comes storytelling.
You don’t become the most admired company by having the best engineers or finest developers, just have the finest storytellers, all the beautiful things in life begin with a story.
Apple is a way of life to its admirers and customers, it makes you to aspire, it makes you dream.
Irrespective what valuations say, Apple remains a reference point, a model for anyone who wishes to serve world’s most valuable customers. Apple doesn’t serve the poor, yet the poor love it. Think about it…