Amazon has officially become the world’s second trillion dollar publicly traded U.S. company, in terms of market cap, which is simply the company’s number of outstanding shares multiplied by its stock price.
Amazon shares briefly crossed the $2,050.27 mark in intraday trading today, giving the online retail giant a market cap of slightly over $1,000,000,000,000, based on its latest total of 487,741,189 outstanding shares. The milestone was fueled by a roughly one percent increase in Amazon’s stock price today.
Apple beat Amazon in the race to a trillion dollar valuation when its stock price crossed $207.05 on August 2. After those [...]
Today marks the seventh anniversary of Apple passing U.S. oil giant ExxonMobil to become the world’s most valuable company for the first time, with a market capitalization of around $341.5 billion at the time.
Apple achieved the milestone on August 9, 2011, just over two weeks before the late Steve Jobs resigned as CEO on August 24, 2011, the same day that he nominated then-COO Tim Cook to succeed him in the position. Jobs passed away on October 5, 2011, following a lengthy battle with cancer.
Apple dropped back below ExxonMobil a few times, and was briefly surpassed by Google parent company Alphabet in market cap at times in 2016, but the iPhone maker [...]
iPhone X was the world’s most popular smartphone for the second consecutive quarter, according to research firm Strategy Analytics.
Strategy Analytics estimates that iPhone X shipments totaled 16 million units in the first three months of 2018, making it the best-selling smartphone model during that period, as it was during the final three months of 2017.
„For the second quarter running, the iPhone X remains the world’s most popular smartphone model overall, due to a blend of good design, sophisticated camera, extensive apps, and widespread retail presence for the device,“ said Juha Winter, a senior analyst at Strategy Analytics.
Sprint and T-Mobile have finally reached a merger agreement, which means if approved by regulators, two of the four major carriers in the United States will combine into one entity in an all-stock deal worth billions.
The new combined company will be named T-Mobile and current T-Mobile CEO John Legere will serve as the Chief Executive Officer. Sprint and T-Mobile say the company will be a „force for positive change“ in the U.S. wireless, video, and broadband industries, supercharging T-Mobile’s Un-carrier strategy and allowing the new company to „lead in the 5G era.“
The New T-Mobile will have the network capacity to rapidly [...]