Yesterday Apple was the first company in the world to reach the symbolic figure of1000 billion dollars. Many analysts thought that Amazon would be the first company to exceed this mythical figure.
On this occasion, Apple CEO Tim Cook sent alittle “celebration” memoto group employees. How long did it take Apple to reach this number? What about the competition? This is what we are going to see.
In his memo, Tim Cook affirms that this milestone of 1000 billion dollars is just a logical effect of the innovation efforts made by Apple since its creation. But also Apple's philosophy of focusing on the product and the customer, to offer what is best.
Tim Cook, encourages employees to continue on the same path, andevokes Steve Jobswhich is a big partresponsible for Apple's current philosophy. Which naturally made it possible to achieve the current financial results.
In terms of market capitalization, just behind Apple, we findAmazon with 895 billion dollars. Then Google with 858 billion, Microsoft with 826 billion, and quite far behind Facebook with 509 billion. (graph,source Wired)
We notice that thetop 5 most listed companieson the stock market, is composed entirely ofhi-tech companies. Members of the famous “GAFAM”, Google, Apple, Facebook, Amazon, Microsoft.
Concerning Apple's stock market progression, we observe in the following graphthe Recode, whichthe iPhone in 2007, was a decisive turning point. Apple's smartphone has propelled the Apple firm's financial results.
Although the apple company has been trying for several years to diversify its sources, as we have seen in thelatest quarterly results. The iPhone still represents56% of Apple's revenue, however this gradually declines in favor of other sources. And in particular Apple's "Services" category, which includes Apple Pay, but also the App Store, iTunes and Apple Music.
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By : Keleops AG
Deputy editor-in-chief, also known under the pseudonym Teza. Former video games journalist, who has been immersed in tech and Apple products since his very first iPhone 3GS in 2009. He has since worked for several American tech sites and now for iPhon.fr. Incidentally YouTuber and Apple product specialist on the MobileAddict channel. To contact me: maxime[a]iphon.fr
