Apple's Market Value Tops 2 Trillion US Dollars:


With share prices hitting $467.77 in mid-morning trading, Apple has become the first American company to have a market value of over 2 trillion United States dollars. Apple shares gained nearly 60% this year and surpassed the 2 trillion dollar market value just two years after exceeding the 1 trillion dollar market value milestone despite facing challenges of shutting down factories in China and reducing retail sales amid the Covid-19 coronavirus pandemic.

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Towards the end of July 2020, Apple posted strong third quarter figures including just under 60 billion United States dollars of revenue and double-digit growth in its products and services segments. The only other company to have ever surpassed the 2 trillion dollar milestone was Saudi Aramco, a Saudi Arabian state-backed petroleum and natural gas company. Aramco's shares peaked in December 2019, but the company's value has dropped back down to 1.8 trillion dollars since then. After Apple, the next most valuable American company is Amazon, which is worth about 1.7 trillion US dollars.

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Note: All images used in this article were retrieved from the public domain, and can be used for commercial purposes without attribution or citation. 

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AverageVancouverite
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World International News Group
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