Apple enters between components Dow Jones, via AT & T after 100 years – AGI – Agenzia Journalistic Italy

Economy

15:38 March 18, 2015

(AGI) – New York, March 18 – This evening, after the close of US markets, Apple will enter ‘to be part of the thirty components of the Dow Jones unseating AT & amp; T. The telephone company was part of the blue-chip continuously since 1915 with the exception of 2004, the year of the merger with SBC Communications. Entry into the Dow Jones of greater US company by market capitalization also has a strong symbolic value: out company linked to the world of traditional telephony, it enters and that a ‘symbol of the telecommunications market in the third millennium.
“It ‘a sign of the times that could lead everyone to look at the Dow Jones more’ than they had ever done,” notes Richard Sichel, head of the fund’s investments Philadelphia Trust, “and ‘difficult to make a selection of thirty companies representing the entire economy, especially compared to the S & amp; P 500, but that ‘from’ the Dow Jones increased credibility ”. In fact Apple has a market value equal to 737 billion dollars, about twice what will be ‘tomorrow the second company of the Dow Jones more’ capitalized: the oil company Exxon. The relative weight of the index will be Apple ‘but’ equal to only 4.66% in virtue ‘dell’elevatissimo securities price (127 dollars per share at the close of yesterday) Yet the Cupertino giant has a bit’ of his success Also at AT & amp; T, which was exclusive partner of Apple when, in 2007, was launched the first version of the iPhone. Since then, the annual sales of Apple and ‘grown seven-fold (from 24.6 billion to 182.8 billion dollars), to AT & amp; T’s only 11%. (AGI).