Apple is 1st US company to be valued at $2 trillion

10Views

August 19, 2020

NEW YORK Apple is the first U.S. company to boast a market value of $2 trillion, just two years after it became the first to reach $1 trillion.

Apple shares have gained nearly 60% this year as the company overcame the shutdown of factories in China that produce the iPhone and the closure of its retail sales amid the coronavirus pandemic.

The company’s hugely loyal customer base trusts its products so much that they continued to buy iPhones and other devices online while stuck at home. Apple recently reported blowout earnings for the April-June quarter,

An upcoming four-for-one stock split that will make Apples shares more affordable to more investors also sparked a rally after it was announced three weeks ago.

Apple has been at the vanguard of a group of Big Tech companies that are increasingly taking over peoples lives and the stock market. Just five companies Apple, Microsoft, Amazon, Facebook and Googles parent company account for nearly 23% of the S&P 500s entire value.

Also Watch

65 Days After Sushant’s Death, SC Orders CBI Probe Into The Case | News Epicentre With Marya Shakil

Saudi Aramco reached a market value of $2 trillion shortly after becoming a public company in December 2019. The Saudi energy producer’s shares have fallen since amid a drop in oil prices and its market value is now about $1.82 trillion.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Array
(
[videos] => Array
(
[0] => Array
(
[id] => 5f3d3859082aa874143e30e1
[youtube_id] => gk4zmyIDJPA
Apple is 1st US company to be valued at $2 trillion => 65 Days After Sushant’s Death, SC Orders CBI Probe Into The Case | News Epicentre With Marya Shakil
)

[1] => Array
(
[id] => 5f3d318d082aa874143e2fed
[youtube_id] => J2J4_UVthZo
Apple is 1st US company to be valued at $2 trillion => Delhi-Gurugram Roads Turn Into Rivers, Residents Wade Through Muddied Waters | CNN News18
)

)

[query] => https://pubstack.nw18.com/pubsync/v1/api/videos/recommended?source=n18english&channels=5d95e6c378c2f2492e2148a2,5d95e6c278c2f2492e214884,5d96f74de3f5f312274ca307&categories=5d95e6d7340a9e4981b2e10a&publish_min=2020-08-16T20:27:03.000Z&publish_max=2020-08-19T20:27:03.000Z&sort_by=date-relevance&order_by=0&limit=2
)

Apple is 1st US company to be valued at $2 trillion

Also Watch

Speak Your Mind

LEAVE A REPLY Cancel reply

Get in Touch

Recommend for You

Oh hi there It’s nice to meet you.

Subscribe and receive our weekly newsletter packed with awesome articles that really matters to you!

You might also like

EDITOR PICKS

POPULAR POSTS

POPULAR CATEGORY

About Us

Follow Us

Support Us & Be a Patreon

Add QNewsHub to your Homescreen!

Oh hi there
It’s nice to meet you.