Share
NEW YORK — Apple is the first U.S. company to boast a market value of $2 trillion, just two years after it became the first to reach $1 trillion.
Apple shares have gained nearly 60% this year as the company overcame the shutdown of factories in China that produce the iPhone and the closure of its retail sales amid the coronavirus pandemic.
The company’s hugely loyal customer base trusts its products so much that they continued to buy iPhones and other devices online while stuck at home. Apple recently reported blowout earnings for the April-June quarter.
An upcoming four-for-one stock split that will make Apple’s shares more affordable to more investors also sparked a rally after it was announced three weeks ago.
Apple has been at the vanguard of a group of Big Tech companies that are increasingly taking over people’s lives — and the stock market. Just five companies — Apple, Microsoft, Amazon, Facebook and Google’s parent company — account for nearly 23% of the S&P 500’s entire value.
Saudi Aramco reached a market value of $2 trillion shortly after becoming a public company in December 2019. The Saudi energy producer’s shares have fallen since amid a drop in oil prices and its market value is now about $1.82 trillion.
Trump Says Rudy Giuliani Will Receive Top US Civilian Honor
11 hours ago
Aid Flotilla for Gaza Departs Barcelona After Stormy Weather Turnaround
11 hours ago
Fresno County Garnet Fire Grows to 18,748 Acres in Sierra National Forest
2 days ago
Israel Pounds Gaza City Suburbs, Netanyahu to Convene Security Cabinet
2 days ago
Trump Says He Will Order Voter ID Requirement for Every Vote
2 days ago
Greta Thunberg Joins Flotilla Heading for Gaza With Aid
2 days ago
Chicago Mayor Says Police Will Not Aid Federal Troops or Agents
2 days ago
Post-War Gaza Plan Sees Relocation of Population, ‘Digital Token’ for Palestinian Land: Washington Post
2 days ago
Tulare County Authorities Investigate Porterville Shooting
9 hours ago
Categories

Tulare County Authorities Investigate Porterville Shooting

Trump’s World Liberty Token Falls in First Day of Trading

Bessent Expects Supreme Court to Uphold Legality of Trump’s Tariffs but Eyes Plan B

Trump Says Rudy Giuliani Will Receive Top US Civilian Honor

Aid Flotilla for Gaza Departs Barcelona After Stormy Weather Turnaround

Fresno County Garnet Fire Grows to 18,748 Acres in Sierra National Forest

Israel Pounds Gaza City Suburbs, Netanyahu to Convene Security Cabinet
