Apple becomes first US company to reach $2 trillion value

Tech giant Apple has become the first US company to reach a market value of $2 trillion, despite the economic downturn as a result of coronavirus.

The makers of the iPhone, iPad, iPod and much more only reached the $1 trillion mark two years ago.

While they’ve doubled their value within the last two years, most of their profits rolled in since the coronavirus started earlier this year.


ARTICLE CONTINUES AFTER THIS ADVERTISEMENT


Due to a surge in those working from home, socialising online and shopping from their couch, the demand for Apple technology has gone through the roof.

The company boasts a share gain of 60 percent this year alone.

That’s despite having to shut most of it’s stores and production facilities around the world.

But during the coronavirus period, the company posted a $11.25 billion in profits, up 12 percent from last year.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments