Apple became $2 Trillion company two days back, on Wednesday. It is now the most valuable company in the whole world when the share of the company combined to $468.65 making it $2.0004 trillion company. The company took 42 years to become the first trillion company in August 2018, and 2 years double its market value.
The stock market of particularly the tech giants including Apple, Microsoft, Amazon, Alphabet, and Facebook have soared even during the pandemic. Reports say, “The company stock got double since March, low due to strong income results and hope over its upcoming 5G iPhone.”
As per a report, Apple’s second $1 trillion came in the last 21 weeks, when the global economy was at a phase of recession. The report also says that in mid of march Apple’s value was under $1 trillion in the coronavirus pandemic. On 23 March, the Federal Reserve announced truculent new measures after which the stock market of especially the tech giants which includes Apple, Amazon, Microsoft, Facebook, and Alphabet. Apple is accompanied by Amazon and Microsoft in the second and third places, with market-caps below $1.7 trillion.
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The world’s largest producer of oil, Saudi Aramco, a stated in Saudi Arabia, reached the $2 trillion mark in December 2019 debut until the company transcends it. Tim Cook said, “We do not have a zero-sum approach to prosperity. We are focussed on growing the pie, making sure our success isn’t just our success, and that everything we make, build or do is geared toward creating opportunities for others.”
Apple’s got bankrupt in the year 1997 and now in 2020, it has become the most valuable company all over the world. Under the leadership of Steve Jobs and Steve Wozniak, the company released honored products such as the Macintosh computer in 1984, the iMac in 1997, the iPod in 2001, the iPhone in 2007 and the iPad in 2010. The Former design chief Jony Ive and current CEO Tim Cook joined Apple in 1996. Apple gives streaming services and is planning bunch subscriptions from October this year.
Bloomberg says “Apple stocks have doubled from the march. In a reassemble it has been driven by lucrative results and optimism over the upcoming 5G iPhone.” As per CNet, “The highly anticipated 5G iPhone would support next-generation cellular wireless data speeds potentially 10 times faster than the rate at which phones can download today. That means, for example, that people can download an entire season of a TV show in seconds.
ET says, “The companies market value has become more than the GDP of so many countries, after crossing the $2 trillion market value. The countries include Italy, Brazil, Canada and Russia, South Korea, Spain, Australia, Mexico, Indonesia, the Netherlands, Saudi Arabia, Turkey, Switzerland, Taiwan, UAE, and Norway, among many others.”