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© Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Apple tops $1 trillion, leading gains for U.S. stocks
By MARLEY JAY NEW YORK©2024 GPlusMedia Inc.
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Silvafan
It kind of makes that earlier article about Huawei toppling Apple seems silly!
Netgrump
It's never too late to see the Light :)
Wakarimasen
Nice markets report. You should make this a regular feature JT.
Matt Hartwell
What people don't realize is that the profitability of an Apple phone versus any Android based brand is night and day. Even when Chinese, Korean or Japanese brands start selling a lot more units, they still don't get anything like the profitability of Apple which is why for investors, Apple stock is so attractive.
See these two charts
https://www.zdnet.com/article/iphone-x-global-profits-alone-beat-all-apples-rivals-and-its-not-even-close/
https://www.statista.com/chart/12953/smartphone-market-share-based-on-revenue-and-unit-shipments/
JeffLee
Not really. Japanese automakers, for instance, weren't very profitable while they were in the process of becoming globally dominant in the 1970s. It was all about market share, ie grabbing market share from foreign competitors at any cost, with rock-solid backing from their protectionist government at home. This is the story of Huawei and other Chinese corporates today. Don't underestimate them!
Globalists say globalization is not a zero sum game, but they are ludicrously wrong.