Technology
Apple Closes in on $3-Trillion Market Value
On Monday, Apple’s market value hovered at a little less than 3 trillion U.S. dollars (approximately Rs 2,277,211.5 billion), after the company’s amazing performance over the past decade has made it the most valuable company in the world.
The company’s stock price fell slightly more than 2% on Monday to close at US$175.74 (approximately Rs 13,300), reversing the previous gains when the stock price was close to US$182.86 (approximately Rs 13,800) required for a market value of 3 trillion US dollars. Apple’s stock price rose by about 11% last week, continuing the year-to-date gain of more than 30%, because investors still believe that wealthy consumers will continue to pay high prices for services such as iPhone, MacBook, and Apple TV and Apple Music.
It took 16 months for the iPhone manufacturer’s market value to rise from US$2 trillion (approximately Rs 1518121 crore) to nearly US$3 trillion (approximately Rs 227,721.15 crore) because it led a batch of Large technology companies, such as Alphabet and Amazon, which are Google’s parent companies, benefit from people and companies that rely heavily on technology during the pandemic. In contrast, it took two years for Apple to grow from US$1 trillion (approximately 759,075 billion rupees) to US$2 trillion. Brian Frank, a portfolio manager at Frank Capital, said that he sold his long-term position in Apple in 2019 because of the rising valuation of the stock.
“It seems that the stock has digested all possible good results.” Synovus senior portfolio manager Daniel Morgan said that the new income line expected by investors may include Apple Car, and growth in service categories such as apps and TV, but it is still far below 65% of the company’s revenue generated from iPhone sales. Trust company.
The $3 trillion milestone will add another piece to CEO Tim Cook, who took over after Steve Jobs’ resignation in 2011 and is responsible for overseeing the company’s development of new products and markets. Of expansion. OANDA analyst Edward Moya (Edward Moya) said: “Tim Cook (Tim Cook) has done a great job in the past ten years, so that Apple’s stock price rose more than 1,400%.”
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In News
SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad
SpiceJet expands its domestic network with 8 new flights that will connect Jaipur with Varanasi, Amritsar and Ahmedabad and also link Ahmedabad with Pune.
SpiceJet is further expanding its domestic network with the launch of eight new flights starting November 15.
In the statement released on Wednesday, the airline announced that these new routes will connect Jaipur with Varanasi, Amritsar and Ahmedabad, while also linking Ahmedabad with Pune. This expansion follows the recent launch of 32 new flights in October 2024, including two international flights connecting Delhi with Phuket.
Last month, SpiceJet also commenced UDAN flights linking Shivamogga in Karnataka with Chennai and Hyderabad, and introduced double daily flights between Chennai and Kochi, enhancing connectivity across key regional and metropolitan cities.
“We are excited to announce the launch of new flights from Jaipur to Varanasi, Amritsar, and Ahmedabad, as well as from Ahmedabad to Pune, providing our passengers with greater flexibility and convenience,” SpiceJet Chief Business Officer Debojo Maharshi said.
“These new flights reflect our commitment to supporting passenger demand across tier-II cities and beyond. With our expanded winter schedule, including international and UDAN routes, we aim to provide our customers with greater convenience, affordability, and seamless travel experiences,” Maharshi added.
SpiceJet will deploy its 78-seater Q400 aircraft in these sectors. Bookings for the new flights are now open and tickets are available at the website of the airline, SpiceJet’s mobile app and through online travel portals and travel agents.
On Monday, the airline received a significant boost, with Acuite Ratings & Research Limited upgrading its long-term rating by four notches to ‘B ‘ and its short-term rating to A4. The rating agency has also assigned a ‘Stable’ outlook to the airline.
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