Apple becomes 1st US company to hit $2 tn in market value

The iPhone maker attained the distinction in morning trading before easing and concluding the session slightly higher. The company had previously become the first giant to hit $1 trillion in market value in March 2018.

Even as other large tech firms have shot higher on robust demand during lockdowns, Apple has outpaced its rivals by delivering strong sales of gadgetry including wearables and tablets, along with new apps and services which have gained ground during the global health crisis. The company also benefited from services such as digital payments and streaming and from increased sales in smartwatches as interest in health and fitness applications rises.The ascendancy of Apple and other tech giants has prompted increased oversight from regulators and lawmakers, including on Capitol Hill, where Cook and the CEOs from Amazon, Facebook and Google all were grilled at a high-profile July 29 hearing.

Analysts expect more scrutiny ahead for Apple and the other giants, but it isn't clear yet whether the questioning will lead to meaningful change.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Apple becomes first US company to top US$2 trillion in market valueJust two years after Apple became the first publicly listed US company with a US$1 trillion stock market value, the iPhone maker has now topped ...
출처: ChannelNewsAsia - 🏆 6. / 66 더 많은 것을 읽으십시오 »

Apple becomes first US company to hit US$2 trillion in market valueNEW YORK (AFP) - Apple on Wednesday (Aug 19) became the first US company to reach US$2 trillion (S$2.7 trillion) in market value in the latest demonstration of how tech giants have benefited from the upheaval of the coronavirus.. Read more at straitstimes.com.
출처: The Straits Times - 🏆 8. / 63 더 많은 것을 읽으십시오 »

Apple tops US$2 trillion in market valueApple Inc became the first publicly listed U.S. company with a US$2 trillion stock market value on Wednesday, as Wall Street investors put aside ...
출처: ChannelNewsAsia - 🏆 6. / 66 더 많은 것을 읽으십시오 »

Stocks retreat from records as Apple hits US$2 trillion in valueWall Street stocks retreated from records Wednesday despite some strong earnings from retailers and Apple hitting a historic landmark as it became ...
출처: ChannelNewsAsia - 🏆 6. / 66 더 많은 것을 읽으십시오 »

Apple's stock market value tops US$2 trillionJust two years after Apple became the first publicly listed U.S. company with a US$1 trillion stock market value, the iPhone maker has now topped ...
출처: ChannelNewsAsia - 🏆 6. / 66 더 많은 것을 읽으십시오 »