Apple Reaches The 1 Trillion Dollar Mark
One Trillion is a huge amount of money. Most of us won’t even come across such a huge amount in our lifetime. But Tim Cook would think otherwise. Following this week’s earnings release, Apple shares briefly traded at $207.05, which puts the company at the $1 trillion mark.
The smartphone market might be saturated, with hundreds of companies pooling in all sorts of technology into the market. Apple has been putting its head above the water for a while, now. But the company increased its margins and the average selling price thanks to the iPhone X.
The company sales might have been increased by only 1 percent, but the company revenue has been jumped by 20 percent. Over the years, the company has been able to generate 17 percent year after year. The iPhone plays a very important role in this growth.
Low Sales
The company is seeing an all-time low on Mac sales, and the company is also leaning on the company’s services like Apple Music, iCloud and Apple Pay. The company in a whole now represents almost $9.6 in revenue. But that being said, Apple is also expecting a dip in iPhone sales.
Various other companies have already seen a tremendous increase. For example, Google, Amazon, and Microsoft have all been seen as companies that are viable of hitting the $1 trillion mark. But this much money is also a cause for worry. With this huge amount of money, the company and the person who is running it is worth much more than many countries and political leaders.
Raised Concerns
With this much on board, questions arise if this much power is needed for a company. Will this lead to a monopoly on technology, or will this lead to antitrust issues? There is also the concern if there is enough regulation to make sure that the company does not hold too much economic and political power.
With this much power and money, one can only hope that the company does not go rogue. But with this huge amount also comes enough capital to test out new technology and features. The company now has the unique position of helping out other minor companies, or buying them and using the new technology that they bring out.
Apple started out as a minority company, but the company’s growth to 1 trillion has been pretty exciting. The company had such arise due to the new technology that it was bringing into the market. But now the company is at a standstill when coming to innovating technology. What the company is doing is merely just making present technology better, but is not invested in bringing in new technology, and so the further rise of the company is in question.
