Apple become the first US Company to reach at $2 trillion in a value. For apple, it took 42 years to reach at $1 trillion and just 2 additional years to reach at $2 trillion.
In fact, the apple’s last $1 trillion come in from last 21 weeks. While most of the global tech’s losses their economy in COVID-19 Pandemic.
On Wednesday Apple turned into the first U.S. firm to reach at $2 trillion valuation when its shares grew by 1.2 percent to $467.78 in early day time trading. It was another achievement for the creator of iPhones, Mac PCs and Apple Watches, connect its title as the world’s most valuable public firm.
Till mid-March, Apple’s worth was under $1 trillion after the stock exchange plunged over worries of the COVID-19. Also, the stocks values of Amazon, amazon, Alphabet, Microsoft, Facebook and Apple are continuously growing during COVID-19 pandemic.
In fact, investors are likely to invest in Tech Firms. Only Apple’s valuation alone grows by $6.8 billion per day, which is more than the estimation of American Airlines.
Before $2 Trillion valuation
In 2018, when apple first time reaches to the $1 trillion the value came after decades of innovation. Steve jobs, Steve Wozniak and Ronald Wayne founded the company in 1976. The company introduces world changing products like Macintosh computers, iPod, iPhone and App store. They newly introduce products like Apples watch, iPhone 11, iPhone 11 Pro Max.
The most innovative ideas come under the Chief Executive Tim Cook.
Apple have created the most efficient global supply chain. They assemble the Most of the products of the Apple in China. The firm also raise money from Apples App Store Business. Similarly, Apple makes more money during COVID-19 pandemic.
Apple is the second public company who reach up to the $2 trillion. Aramco, Saudi Arabia’s oil firm reach to the $2 trillion mark, as they went to public in December 2019.
Author, Developer at AutoTune World.
I’m passionate programmer, reader and writer, I also loves to travel and learn new things.
I have also completed my diploma in computer engineering. I’m mostly enthusiast of new/trending technologies of IT field and have some interest in sports.
As we know the world is changing drastically so, we need to stay updated with that technologies and learn them. I would like to study and writing about new Technologies present in todays world.
I started writing articles about technical world and posting them through AutoTune World.