Apple's shares jumped 2 percent today in after-market trading, following the company's best reported quarter ever in terms of revenue and profit.
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The tech giant's market capitalization has now grown to over $1.4 trillion, further cementing its place as the world's most valuable tech company. Only the Saudi Aramco oil company is worth more.
AAPL is currently hovering around $312 in pre-market trading. As The Guardian points out, Apple's valuation is now more than Germany's 30 largest listed companies that make up the DAX index on the Frankfurt Stock Exchange.
The DAX is worth a combined $1.36 trillion, including business software giant SAP ($162 billion), chemical company Linde ($111 billion), engineering and industrial conglomerate Siemens ($108 billion), and insurance group Allianz ($100 billion).
The figures are a response to Apple's glowing financial results last night which saw the company post revenue of $91.8 billion and net quarterly profit of $22.2 billion, or $4.99 per diluted share, compared to revenue of $84.3 billion and net quarterly profit of $20.0 billion, or $4.18 per diluted share, in the year-ago quarter. The quarter was the best in Apple's history, topping the first fiscal quarter of 2018.
Top Rated Comments
Considering Germany is in a slump at present, I don’t think it’s worth noting.
When Apple produces their best ever MacBook Pro, Mac Pro, iMac, MacBook Air, Mac mini; best ever iPhones: 11, 11 Pro, 11 Pro Max; best ever iPads: mini 5, iPad 10.2”, iPad Air 3, iPad Pro 11/12.9”; best ever Apple Watch, AirPods, AppleTV and Pro monitor... then what you get is record-setting, all time high revenue and profits. An installed base of over 1.5 billion products.Apples lowest quality, most uninspired products up to date, yet their highest financial performance. To me that's the perfect proof of how ****ed up todays economy is...
That’s reality, for those that live in the real world.
GDP has grown every year for the past 10 years, and the DAX recently hit an all time high. During that time the unemployment rate has steadily decreased, and is lower than most of Europe and the US.Considering Germany is in a slump at present, I don’t think it’s worth noting.
How is that a "slump"?
So Flash support, CD-ROM drives, and headphone jacks were removed to "further profits"? Seems to me the common thread is outdated technology that takes up space (just like ports to charge and transfer data).To further profits, removing ports (and therefore wired CarPlay access) is what I fear from Apple.
Good one.
/s
Netflix is a much smaller company moving the largest company in the world a few percent is a massive shift in wealth.How is it that when Apple moves a couple of per cent the media call it a jump or a surge. It’s barely anything. When a stock like Netflix on occasion jumps 10 per cent, now that’s a surge.