Another interesting proposal gets added to the list of over-the-top marriage proposals. Chen Ming, a video-game developer from China proposed with 25 brand new iPhone Xs, the most expensive phone on the market.
For the proposal, Chen scattered red rose petals on the floor, then arranged 25 iPhone Xs in a heart-shaped pattern with a custom-made engagement ring in the middle. With the help of his friend, his girlfriend, Lee, came to the heart of iPhones where he kneeled before her and proposed.
Chen Ming said he used iPhones because his girlfriend, now fiancée, loves to play video games, and bought 25 of the mobiles because his girlfriend turned 25 this year.
Lee said yes to Chen’s costly proposal, which cost him approximately $31,500.
Apple briefly worth more than $900B
Apple’s valuation briefly topped $900 billion for the first time Friday.Shares of the tech giant were boosted by an impressive quarterly earnings report released a day earlier as well as the release of the highly anticipated new flagship iPhone X.By midday trading, Apple’s market capitalization had fallen to $892 billion, but analysts were excited by the prospect it could soon be the first American company to be worth more than $1 trillion. The company’s value would have to increase about 11 percent to cross that threshold.A Chinese energy company briefly topped $1 trillion in 2007.Apple posted revenue of $52.6 billion, beating analyst forecasts of $50.7 billion in the fourth quarter, when it sold 46.7 million iPhones -- 3 percent more compared to the same period in 2016 and 600,000 more smartphones than analysts predicted.Apple expects sales of the iPhone X, its most expensive version, to be strong through the holiday season. As of Friday, shipment dates in the U.S. were five to six weeks in the future. Around the world, customers lined up early Friday outside Apple Stores to be among the first to own the new smartphone.“The bottom line is that Apple is dominating high-end smartphones and associated services,” analyst firm Macquarie said in a note Friday. “Our bullish view of [iPhone] X is driven by the fact it is the most innovative iPhone in years, and that the more limited innovation of iPhone 7 still led to 215 million phone sales.”Shares of Apple grew more than 3 percent to an all-time high of $174.10 Friday morning. Several hours later, the stock was trading at $172.80.For much of 2017, investors were concerned interest in new iPhones had waned and growth of the company had stalled – a narrative that Apple’s most recent earnings call proved false.
iPhone X seen taking Apple to trillion-dollar valuation
Apple Inc shares rose nearly 4 percent on Friday after the tech giant reported a blowout fourth quarter and shrugged off concerns related to the iPhone X, prompting more analysts to put a trillion-dollar valuation on the company.The stock was on track to add nearly $34 billion to its market capitalization. At Thursday's close of $168.11, the company was valued at $868 billion.The Cupertino, California-based company also forecast a strong holiday quarter ahead, which will include the iPhone X that started selling on Nov. 3."We see iPhone X unlocking pent-up iPhone upgrades, especially in China, driving more than 20 percent iPhone unit growth and a revenue and earnings beat in 2018," analyst Katy Huberty on Morgan Stanley said.Long lines formed outside Apple stores in Asia as fans flocked to buy the new iPhone.The company will make 30 million iPhone X units during the current quarter, Nomura Instinet analysts estimated, allaying production worries related to the glass-and-steel $999 phone.At least seven brokerages raised their price targets on the stock, with Citigroup making the most bullish move by raising its price target by $30 to $200.With the latest brokerage actions, at least seven Wall Street analysts now have target prices for Apple that put its market value above $1 trillion. Drexel Hamilton's Brian White is still the most bullish among Apple analysts tracked by Thomson Reuters, raising his target price further to $235.Apple's fourth-quarter results underscored the company's ability to drive growth not just on iPhones, but across its range of products, analysts said.The company's suite now includes five different iPhone models, the iPad, the Mac and the Apple Watch as well as its fast-growing services.Apple said it sold 46.7 million iPhones in the fourth quarter ended Sept. 30, above analysts' estimates of 46.4 million, according to financial data and analytics firm FactSet. Mac and iPad sales too were above the estimates of most analysts."Apple's first-mover advantage and "easy growth" from new smartphone adopters is over, but the company appears likely to retain its existing premium customer base," analysts at Morningstar said. Apple's iPhone X hits the spot as long queues return from Sydney to ShanghaiApple fans queue for iPhone X launch in China