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Apple is the most expensive company in the world. Official data

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Apple is the most expensive company in the world. Official data
November 06
09:00 2017

Apple Inc, an American multinational company, has overcome the threshold of 900 billion US dollars on capitalization. Such a strong growth was possible thanks to the strong company’s reporting released late last week. The innovative company, the brainchild of Steve Jobs, was the first in the history to overcome this psychological barrier. Now analysts are trying to predict whether the corporation will maintain the growth or a correction will occur.

On Friday, November 3, Apple’s shares grew by around 3%. Thus, for the fourth fiscal quarter of this year, the company’s profit has increased by almost 25%; the corrected revenue value is 52.58 billion US dollars.

These figures have significantly exceeded the forecasts of the analysts who agreed that per share profit would be no more than 1.87 US dollars (in reality, this figure was equal to 2.07 US dollars). The revenue was estimated by the experts at $ 50.7 billion ($ 1.88 billion less than actual figures).

A serious breakthrough on the revenue was provided by excellent sales of the company’s new products (primarily it’s about the flagship iPhone X). At the moment, about 46.6 million smartphones have been sold. The figure of 46 million devices was in the most optimistic forecasts.

The American company Apple has proved by its own example that it is possible to make the difficulties work for them. We all remember the situation when the production of new iPhones was threatened due to the problems with suppliers. And now, just a month later, the company’s CEO Tim Cook confidently declares that this season will be the best in the history of Apple.

The management of the company assures the public that at the moment the production is ready to cope with the rush for iPhone X, a top model of the smartphone.

The material was prepared with the participation of Andrey Majorov,
a leading analyst of the brokerage company CT Trade

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