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Apple Closes in on $3-Trillion Market Value

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3 years ago

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Apple Closes in on -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.

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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%.”

Complete News Source : Gadgets360

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Hollywood

Tom Holland to star alongside Matt Damon in Christopher Nolan’s next, will juggle that with Spider-Man 4 in 2025

Published

2 weeks ago

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October 22, 2024

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Tom Holland to star alongside Matt Damon in Christopher Nolan’s next, will juggle that with Spider-Man 4 in 2025

Tom Holland, last seen in Apple TV show The Crowded Room last year, has signed his next with Academy Award-winning filmmaker Christopher Nolan.

Tom Holland is going to have a very busy 2025. As per The Hollywood Reporter, the actor has signed Christopher Nolan’s next, which he will juggle the filming of with that of the long-awaited Spider-Man 4. (Also Read – Tom Holland shares why he left alcohol behind: ‘Struggling without booze…’)

Tom signs Nolan’s next

This will mark the first collaboration between Tom and Christopher. While details of his next directorial aren’t known yet, it’s most likely not to have a contemporary setting. It’ll be either set in the past like, his previous film Oppenheimer (2023), or in the future like Interstellar (2014). Matt Damon, who has worked with Christopher in both, has also come on board his next.

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Christopher’s next will be co-produced by him and his wife Emma Thomas’ banner Syncopy Inc and Universal Pictures, as the two production houses will team up after the Academy Award-winning blockbuster Oppenheimer last year. Prior to Oppenheimer, Christopher collaborated mostly with Warner Bros before having a fallout post the debacle of Tenet (2020).

Warner Bros then went on to produce Greta Gerwig’s musical satire Barbie, which clashed with Oppenheimer at the box office and even outperformed it globally. Warner Bros offered Christopher a cheque for the fees he waived off for helming Tenet during the pandemic. While Christopher graciously accepted the belated remuneration, he still went on to pitch his next to Warner Bros.

Tom’s busy schedule

Tom didn’t have any release this year. His last outing was Todd Graff’s psychological thriller show The Crowded Room on Apple TV last year. He’ll juggle the filming of Christopher Nolan’s next and Spider-Man 4 in 2025. Tom has been playing the superhero ever since Russo Brothers’ 2016 blockbuster Captain America: Civil War. He’s slipped into the Peter Parker shoes post that for three standalone films and two Avengers movies. Spider-Man 4 will be helmed by Shang-Chi and the Legend of the Ten Rings director Destin Daniel Cretton.

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As Tom’s girlfriend and co-star Zendaya will be busy filming Spider-Man 4 in 2025, she’ll reprise her role of Chani in Denis Villeneuve’s sci-fi spectacle Dune 3 only in 2026. Meanwhile, Tom is also likely to make an appearance as Spider-Man in Russo Brothers’ Avengers: Doomsday, which will go on floors in the spring of 2025.

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