Apple Worth A Trillion

The iPhone maker’s market value reached the figure in New York on Thursday and its shares closed at a new record high of $207.39.

The stock has been rising since Tuesday when it reported better than expected results for the three months to June.

Apple beat Silicon Valley rivals such as Amazon and Microsoft to become the first to hit the $1 trillion valuation.

Since the iPhone first went on sale in 2007, Apple shares have soared by 1,100% and have jumped almost a third in the past year.

The rise is even more astonishing – 50,000% – since the company first listed in 1980. That dwarfs the 2,000% increase for the S&P 500 index over the same period.

Apple traces its origins to the garage of co-founder Steve Jobs in 1976 and was initially best known for its Mac personal computers before its smartphone paved the way for the app economy.

Read More

Rosatom Company To Modernize Kozloduy NPP Power Station

The power unit of the Russian corporation Rosatom - JSC Rusatom Service and Kozloduy NPP have signed a contract for the modernization of the neutron flux control equipment...

SIN Cars Plan To Build 20,000 Cars A Year In Bulgaria

The words "plant" and "car production", pronounced in one sentence pertaining to Bulgaria, always provoke skepticism (mildly spoken). That's why a reporter from...

Ryanair Announces Restructuring After Quarterly Loss

Ryanair unveiled Monday plans for an overhaul to create four subsidiaries as the no-frills airline also revealed a third-quarter loss of 20...

Recent

Bulgarian FSC Approves TBS Groups’ Updated Prospectus

Bulgaria's Financial Supervision Commission said that it has approved the updated prospectus of local Telelink Business Services Group (TBS Group) for listing on...

Bulgaria’s Central Bank Raises Credit Buffer

The Bulgarian central bank said on Friday banks would have to accumulate more capital in 2021 to counter a build-up of systemic...

Russian Made Nuclear Station Causing Tension In Bulgaria

Bulgaria is set to restart construction of a Russian designed nuclear power plant first proposed at the end of the Cold War. The move,...