USA - First Trillion Dollar Company?

Arno Froese

Financial commentators and investors predict 2018 will herald the first firm with a stock market valuation of $1tn (£738bn) or more, if technology share prices continue to rise as strongly as in 2017.

Apple is leading the way, with a market valuation of $869bn, a figure arrived at by multiplying the company’s share price by the number of shares in circulation.

The Californian firm that transformed mobile communications, music and photography with the iPhone is $140bn ahead of Alphabet, which has a market value of $729bn.

Apple, which was on the verge of bankruptcy in 1997 when its founder, Steve Jobs, retook the helm, would require a 15% increase in its share price to tip over the $1tn threshold. Apple’s shares increased by 47% last year.

“With Facebook, Google and Amazon attracting an ever-increasing number of eyeballs on screen, the US tech sector has more than played its part in the global stock market rally,” said George Salmon, equity analyst. “However, it’s Apple, one of the older tech giants, that’s in pole position to break through the $1tn barrier.”

The world’s top five companies are collectively worth $3.35tn—more than the gross domestic product of the UK and every other country on Earth bar the US, China, Japan and Germany.

The huge increase in valuations came after global stock markets ended 2017 at record highs, as share prices benefited from President Donald Trump’s tax cuts and continued quantitative easing from central banks.

Many analysts expect global stocks to continue to rise in 2018, which would be the ninth consecutive year of gains for the US S&P 500 index. However, some are concerned that shares are overvalued and warn of a “correction.”

-www.theguardian.com, 3 January 2018

Arno's commentary

Information technology leads the way. Never before in history has mankind had so much information available at his fingertips than today, and many experts tell us it’s only the beginning.

This fact leads us back to the beginning of the church, particularly for the Gentiles. When the apostle Paul arrived in Athens, we read in Acts 17:16: “Now while Paul waited for them at Athens, his spirit was stirred in him, when he saw the city wholly given to idolatry.” Verse 21 adds this: “(For all the Athenians and strangers which were there spent their time in nothing else, but either to tell, or to hear some new thing.)” That surely describes our time; to tell and hear of new things. But now one more item is added: “see.” With television and the Internet, many people can actually see events taking place around the world. Therein lies the danger, because Scripture does not place much value on seeing, rather on hearing and reading. “Blessed is he that readeth, and they that hear the words of this prophecy, and keep those things which are written therein: for the time is at hand” (Revelation 1:3). With these gigantic companies such as Apple, Google, Facebook, Amazon and others, news and products are made visible. The danger for Christian consists of the fact that continuous exposure to the visible will weaken our spiritual senses to concentrate on the written Word of God.

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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