Apple became the first United States Company to reach 2$ trillion value on the day of Wednesday. What’s more exciting than knowing how the tech company did it? While as we know that Apple first reached 1$ trillion in August 2018. Apple’s valuation had been stagnant recently. According to The New York Times, Apple’s value was under 1$ Trillion recently in March, when the stock market fell due to coronavirus pandemic.
Since then, however, Apple, Facebook, Microsoft, Amazon, and Alphabet have grown by close to a combined 3$ trillion due to much more new investors, the flood of new investors has hit these companies and they are skyrocketing there valuation, even while the global economy has shrunk at an alarming rate.
Need more? Read it then! Apple has grown as maintaining the status quo in many of its products, which recently includes the Apple Watch Series 5, the Airpods pro, and the iPhone 12. Now this giant tech company has also entered the streaming world with its product Apple TV, it also gets revenue from the developers who use its App Store, not much but as 30 percent, which led this tech company to a recent dispute with Fortnite creator Epic Games.
Apple Company is now the most valuable company in the world, defeating Saudi Aramco, Saudi Arabia’s Oil Company. But as we know that Microsoft, Amazon, and Alphabet are also in the race so they may be the candidates to reach this amount of valuation next.