Apple Inc.: continued growth

When talking about Apple Inc we refer to the largest company in the world in terms of market capitalization currently. Recall that in August 2018 Apple Inc became the first company to reach a market value of over one trillion dollars. Two years later it reached over 1.5 trillion; and only two months after that milestone came in August 2020 they surpassed a market capitalization of $2 trillion. Now many analysts say that at the current rate of growth the company could reach 3 trillion dollars at some point in this decade; therefore, we will have to keep an eye on when this new goal is achieved.

What happened in the last two weeks with Apple Inc.

A week ago the CEO of the company, Tim Cook presented at the event called "Spring Loaded" the new products for the Apple market. Among those that stood out, new features in the Apple Card and Apple Card Family, as well as a new Apple Podcast service to listen to content without advertising. In addition, a new iPhone 12 in purple color, a new generation of Apple TV 4K, a new iMac and what was most expected the now famous "Air Tags". These are small-sized tags that allow you to find lost targets with ease.

Events of this type are eagerly awaited by investors, as they are expected to learn how the company could catalyze significant growth in the coming years. It is clear that iPhone sales represent the largest percentage of revenue, although projections are still very good for this segment. Therefore, it is thought that Apple Inc. would have to start strengthening the other segments of its business in order to justify sustained growth in the coming years.

The company never ceases to amaze...

On Wednesday, April 28, after the close of the U.S. stock market, it presented its long-awaited results for the first quarter of the year.