Apple has reached the $2 trillion valuation making Apple the Tech giant the first U.S. company to reach that mark on Wednesday. Apple’s valuation has been relatively stagnant since they hit the $1trillion feat in August 2018 after 42 years. What’s most astonishing about this feat wasn’t just about the figure but the ability to double in just 2 years. The New York Times report shows that Apple’s valuation was below $1 trillion in recent mid-March, as the stock market dropped because of coronavirus pandemic concerns.
The top American top tech brands in the likes of the Apple, Microsoft, Amazon, Alphabet and Facebook had a growth of a combined $3 trillion due to the flood and rush of fresh and new investors in the midst of the Covid-19 pandemic when the global economy was shrinking at quite an alarming level.
Apple experienced growth and was still able to maintain its standard in all of its products and services which includes it’s AirPods Pro, iPhone 11 Pro Max and the Apple Watch Series 5.
Apple the tech giant is now into streaming with it’s Apple TV, which is a great revenue from the developers who use its App Store— as much as 30 percent, which led to a recent dispute with Fortnite creator Epic Games.
This new feat has made Apple the most valuable company not just in the U.S. but in the world and has surpassed the Saudi Aramco, a Saudi Arabia’s state-owned oil company.
Microsoft, Amazon and Alphabet could just be the likeliest companies to hit the $2 trillion valuation.
This is quite a huge feat for the Apple brand which has made it the pacesetter.