Enterprise

Apple is now worth $1,000,000,000,000

That’s a lot of zeroes

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Tim Cook on stage during the WWDC keynote 2018 | GadgetMatch

Apple just became a trillion-dollar public company as the rise in their share price pushed it past the record-setting mark. They are now the first American company and second in the world to cross the momentous point.

The company co-founded by the late Steve Jobs in 1976 reached the historic milestone as their shares hit US$ 207.04. This happened a day after they posted strong Q3 earnings. Apple is now up more than 20 percent this year and has grown 2,000 percent since Tim Cook replaced Jobs as chief executive in 2011.

From their recent financial report, the tech giant racked up profits of US$ 11.5 billion in three months on the back of record sales that hit US$ 53.3 billion. This pushed the shares higher, raising the value of the company up from US$ 935 billion towards US$ 1 trillion.

The company is currently sitting on US$ 285 billion of cash reserves and made a net profit of US$ 48.5 billion last year.

The first-gen iPhone (left) beside the latest iPhone X (right) | GadgetMatch

Among the tech mammoths, Apple just won the race to one trillion but the rest are not far behind, because Amazon, Alphabet (Google’s parent company), and Microsoft are about to reach record highs this year, too. Amazon is worth nearly US$ 900 billion while Google and Microsoft are now worth more than US$ 800 billion each.

The first company to top a trillion-dollar valuation is PetroChina, an oil company. They briefly reached the mark in 2007 when their stocks began trading in Shanghai, but the prices quickly plunged afterward.

SEE ALSO: Huawei takes Apple’s crown as second largest smartphone brand

Enterprise

UK Prime Minister caught using a Huawei P20

After issuing warning about the company

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Image source: ITV

Whenever you lobby against a certain thing, you’d better not get caught using that same thing. Surprisingly (or not), UK Prime Minister Boris Johnson did not receive that memo. On live television, the leader of the increasingly Huawei-phobic country used a Huawei P20 to take a selfie with the show’s interviewers.

On ITV’s This Morning, the Prime Minister engaged in an interview about his governmental policies. After the interview, he whipped out last year’s popular flagship from Huawei, inviting the hosts for a selfie.

Ironically, Johnson issued a statement, exercising caution over Huawei’s entry into UK’s 5G market. Currently, the country is deliberating business with the Chinese tech company. Unlike the US, the UK is still on the fence about a China-sponsored deal.

However, the Prime Minister recently brought a warier approach to a future deal, focusing on national security over corporate interests. Still, Johnson remains open to foreign investments, decrying unnecessary biases against international help.

If anything, Huawei is assuring other countries that its technology will not interfere with their respective national securities. On the other side, the company’s primary rival, the US, is asking other countries to reconsider trade deals with Huawei, citing the cybersecurity risk in allowing the company to take over a country’s telecommunications.

Regardless of the UK’s decision, Johnson’s P20 comes at an interesting time. To make matters a bit more muddled, Johnson’s representative alleges that the phone came from a staffer, rather than the Prime Minister’s own pocket. Is the UK for or against Huawei? Only time will tell.

SEE ALSO: Huawei Freebuds 3 review: Best value wireless earbuds

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Enterprise

Google’s founders step down from parent company

Sundar Pichai will take over as Alphabet CEO

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Today’s world is dominated by personalities. Facebook is already completely synonymous with Mark Zuckerberg. Apple is already completely synonymous with Tim Cook. Unsurprisingly, technology’s biggest leaders are dominating the discussion surrounding their respective companies. However, amidst today’s cults of personalities, one big company is keeping it relatively lowkey: Google.

Even since the company’s inception, Google’s founders Larry Page and Sergey Brin have traditionally shied away from the limelight, letting the products speak for themselves. In fact, in 2015, the founders stepped down from their leadership roles at Google, surrendering the reins to incumbent CEO Sundar Pichai. Meanwhile, Page and Brin restructured (and headed) the entire corporation under a larger parent company, Alphabet. Still, despite the restructuring, the duo kept to their shadows.

Now, Page and Brin are taking an even larger step back. In a sudden farewell letter issued today, the duo is stepping down from Alphabet’s top seats. Once again, Pichai will take over as CEO of both Alphabet and Google.

“And Alphabet and Google no longer need two CEOs and a President. Going forward, Sundar will be the CEO of both Google and Alphabet,” the letter said. However, the duo will still “remain actively involved as Board members, shareholders and co-founders.”

On the other side of the board, Pichai is taking a confident approach to the new leadership role. “I will continue to be very focused on Google and the deep work we’re doing to push the boundaries of computing and build a more helpful Google for everyone,” Pichai said.

Pichai’s promotion comes at an interesting time. For one, Google is currently under negotiations with Huawei to resurrect the latter’s Android-powered products. Who knows where Alphabet and Google will go from here?

SEE ALSO: Google Pixel 3 saved a man from a bullet

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ING Bank has a new way to entice you to save

By offering rebates

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ING is being aggressive with its efforts to shakeup digital banking in the Philippines. After providing an all-digital way to create a savings account and offering aggressive interest rate, the bank is now offering rebates on transfer fees.

While the emphasis these holiday season is to spend, ING is encourage Filipinos to save by offering a fixed PhP 100 rebate for every successful electronic bank transfer, for up to two transactions per month.

The promo begins right now and will last until January 31, 2020. So if you’re wondering where you should put your hard-earned bonus, think about saving instead of spending. This promo will work alongside the 4 percent per annum interest rate.

ING first entered the Philippines in November 2018. In 2019, they launched an aggressive campaign to get more Filipinos to save by offering an alternative to your usual banks — one that’s purely digital with sign up possible all on the app. Best of all, there’s zero maintaining balance.

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