There is no doubt that Apple products have become prominent in our everyday lives. From our cellphones to our computers, down to our headphones. Therefore, it’s not hard to believe that the tech company would become the first U.S. company to reach the milestone of becoming worth $2 trillion.
According to the Associated Press, Apple’s new value of $2 trillion comes two years after the company became the first U.S. company to be worth $1 trillion. Despite the recent global pandemic, the company has managed to continue to skyrocket, allowing them to gain nearly 60% this year.
Even with stores being shut down, consumers still did not let that stop them from getting their apple products while at home. Between April and June, the company reported that they received a high earning during that quarter.
CNN reports that the company’s stock will split four-for-one at the end of the month, which will cut the price of a single share to about $117.
Although Apple has become the first U.S. company to reach the $2 trillion mark, Amazon and Microsoft are coming up right behind them as both companies are already valued at about $1.6 trillion.
It’s worth noting that although Apple has become the first company in the U.S to reach this milestone, it is not the only company in the world to be worth this amount. Saudi Aramco reached a market value of $2 trillion shortly after becoming a public company in December 2019.
Aside from the array of products, Apple has also been making its mark within entertainment. They have different ventures such as Apple Music to Apple TV, which has been taking over the market. As we previously reported, recently Apple announced a list of new radio shows on Apple Music, which includes various artists, such as Snoop Dogg, Ciara, and Young M.A.
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TSR STAFF: Jade Ashley @Jade_Ashley94
