Apple is 1st US company to be valued at $2 trillion

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NEW: 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 theThe 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.

 

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My first experience with Apple was when I used my Wife-to-be's Mac Plus in 1987. I have used Apple computers ever since. After using PCs and DOS, the Mac's graphic interface and continuity between applications blew me away. (picture of me in 1989 with Mac SE in Bunschoten, NL )

I feel poorer already.

With the help of mostly slave labour! appleisgreedyformoney

All of this juxtaposed with the livelihood of the American worker/citizen going off the proverbial cliff. Guess this is what happens when tax cuts, a pandemic, bailout money for corporations for the tune of 6 trillion gets spent? Least the food shelters are open?

Apple & App Store must be banned in South Korea, Africa, India, Brazil, Russia & China (BRICS). Security risk. leo_shane Huawei PUGNATION5 socialiststeve6 SecPompeo PresXi_Jinping

Sales and profits boosted by stimulus checks to the employed.

Great! Now let me see you do it all within our borders. Innovation manufactured in China is a crutch to boast value of an entity. But we don’t consider how much it devalued the thousands of Americans looking for employment.

We have put 3 Apples of debt on our kids balance sheets in the last 6 months. As Lim Nelson says:

Apple does not pay its fair share of federal taxes and uses slave labor in China to produce their products. SHAMELESS

jkwaatei take note

Good job for Apple but I honestly don't like their products.

Thanks to the Trump economy!

Looks like we know what the sheep spent their money on instead of paying rent

Damn. Apple really has raised the bar for market value.

That’s insane

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Apple is 1st US company to be valued at $2 trillionNEW YORK (AP) — 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%... 🤢 They hiring?😂 TEAR IT DOWN!!
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