Apple Corps, a technology company built by Steve Jobs, has become the first company in the United States worth 2 trillion. According to Reuters, the share price of Apple, the maker of the iPhone, rose 1.2 percent to 476.78 this week. And in this way, Apple became a company of 2 trillion dollars. It has taken Apple 42 years to reach its trillion goals since its inception. But just two years after achieving that goal, Apple has emerged as a double-digit, 2 trillion company. Despite the Corona epidemic, the global economic downturn and the Sino-US conflict, Apple's achievement is a major milestone for the company. According to the popular New York Times, Apple's valuation has added a trillion dollars in just 21 weeks, when the global economy is shrinking faster than at any time in the past due to the coronavirus epidemic.
Apple's two trillion milestones have further strengthened its position as the world's most valuable public entity. While the epidemic and the collapse of the global economy have caused financial losses to most companies, Apple has shown that its impact on the technology sector is reversed. Apple's valuation plummeted to less than 1 trillion at the start of the Corona epidemic. That's when shares of big technology companies like Apple, Microsoft, Amazon, Alphabet, and Facebook began to rise at the initiative of the US Federal Reserve. Apple Inc., the maker of the iPhone, MacBook, and smartwatch, was able to turn around. According to Reuters, Apple's valuation has risen by about 6.88 billion in just one day, more than the full value of American Airlines. In an instant message, Apple said that the attraction of customers towards the upcoming 5G technology iPhone is working. The multibillion-dollar investment will focus on hardware as well as software subscription bundles and platform-based services, the company said.
No comments:
Post a Comment