As technology advanced across multiple unique companies, a lot of investors worried that shares in stock would drop and the market value for these companies would begin to shrink. We saw this happen with Facebook, who lost millions in profit this past quarter, but Apple doesn’t seem to be following that same trend. In fact, they’re doing the opposite, and growing faster than ever.
Earlier this morning, Apple became the first U.S. publicly traded company to reach a market worth of over 1 trillion dollars. The likes of this has not happened since PetroChina exceeded that worth in 2007. But what does this mean for the future of tech companies like Apple?
Well, for starters, Apple is going to keep expanding. Steve Jobs and Steve Wozniak had gone from computers to laptops to smart phones to tablets and now to smart watches. There is potential for them to step their foot in the virtual reality door within the next few years, as well as incorporate their tech into smart devices for everyday households. Currently, they compete with Google and Amazon’s smart speakers, like the Google Home and Amazon Echo, which Apple does not have on the market at the moment.
What Apple does have, however, is a strong fan base. The iPhone X was a top-selling phone for Apple, even with the steep price point of $1,000 per unit. The phone had a screen that reached all the way to the edges of the device, exceptional camera quality, and face recognition that set it ahead of all other smart phones on the market. With the anticipated release of an iPhone X “plus” or the newest iteration in the line of phones, it seems like they will continue to grow in market value as the dominant tech company of today’s age.