Apple becomes first U.S. company to reach a $2 and become the most valuable company in the world

Apple became the first American company to reach $ 2 trillion in market cap . This leaves the period from when Apple had a market cap of $ 1 trillion in just two years (in 2018).

However, Apple is not the first in the world to have a market cap of $ 2 trillion because of Saudi Aramco , Saudi Arabia’s largest oil and gas company. Has a market cap of $ 2 trillion Was the first in December 2019 ago

But due to the fluctuation of stock prices This has brought Saudi Aramco ‘s current value down to $ 1.76 trillion. And as a result, Apple has become the most valuable company in the world with a value of $ 2 trillion on August 4, 2020 .

The Financial Times reported that Apple ‘s stock now (August 19, 2020) is worth more than $ 467.77 , bringing Apple to a high of $ 2 trillion. But there is a possibility that Apple ‘s value may drop in the future.

In addition, The Wall Street Journal also reported that shares of Apple are worth more than 50% in 2020, despite the crisis COVID-19 followed by shares of Apple are higher by about 3.5% every week since the beginning. June 2020 onwards

In addition, according to the earnings report in July 2020 , Apple has recorded a record high sales volume. And total revenues of $ 59.7 billion , an 11% increase compared to the same period last year.

Not only that, Apple plans to release the Apple One later this year. This is a subscription that combines Apple Music and Apple TV + . Users can pay a small additional fee to get more Apple Arcade or Apple News for a lower price separately for each service. This shows how much Apple is concerned with in service to maintain consumer numbers.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button