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Apple’s historic climb created a new breed of millionaires.
On Thursday, August 2, 2018, Apple made history by becoming the first publicly-traded U.S. company to reach a market valuation of $1 trillion.
Congrats Tim Cook! Apple won the trillion-dollar race!
It all happened when Apple’s stock crossed $207.05 per share at 11:48 ET. Although the stock price has fluctuated since that time, it’s still exciting to see the company reach 52-week highs after an impressive earnings call on Tuesday, July 31st.
A Stellar Quarter for Apple
Tim Cook, CEO of Apple, announced best June quarter revenue and earnings ever due to the strong performance of iPhone services and wearables. The company generated $53.3 billion in revenue for the three months ended on June 30th. iPhone grew faster than the global smartphone market. The app store generated nearly twice the revenue of Google Play. In addition to this, Apple is expanding geographic coverage to multiple countries.
For a more in-depth analysis of the earnings calls and financial statements, subscribe to The Wealthy Woman Investor.
Who’s Next?
Wallstreet is on the edge of their seats trying to determine which company will be the next to be inducted into the trillion dollar club.
The next candidate in line is Amazon (Nasdaq: AMZN). On Thursday, June 28th, Amazon took a deeper plunge into the healthcare industry by acquiring online pharmacy PillPack. Amazon also unveiled their Delivery Service Partners program that gives entrepreneurs the chance to operate their own local delivery service with as little as $10,000. The market capitalization is only decimals away from $900 billion.
Alphabet and Microsoft aren’t too far away. Some analysts believe that Microsoft won’t hit the trillion dollar mark until another 12 months of activity passes us.
Best Time in History for Women to Invest
This is the best in history for women to learn how to invest. The markets are volatile, mergers and acquisitions are frequent, and political friction is increasing uncertainty. It’s the best time for women to dive in and explore the markets because we’re not looking at a straight investment path. You have to think more strategically in this environment. And when you can learn how to navigate a period of turbulence, you unlock another level of possibilities that you can tap into as an investor.
If you are just starting your investment journey, join The Wealthy Woman Investor to gain the foundational skills and market insights you need to build your first investment portfolio.
If you want to explore an elite group of companies that have provided consecutive dividend increases for over 30 years, join Dividend Queens to gain access to exclusive data and research.
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Disclaimer: Wealthy Women Daily is solely educational and informational, and is not intended to give investment or trading advice of any kind. Not all asset classes are suitable for all investors. Wealthy Women Daily is a research academy that provides you with the data and analysis you need to make an informed investment decision. It is your responsibility to talk to an expert to understand how specific investments will impact you during tax time.
