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.
Apple, time to pay your full share of taxes!
Neauxshit With same phone for 13 years with different names... Genius!
Boy they could feed the world😂😂
Slavery still alive and well in the 21st century!
Send me a check for 5 million please, come on Apple you can afford it ...
BretBaier Over price trash
gross. time to share the wealth
So instead of a $2 trillion stimulus bill for out of work people affected by a pandemic it all goes to Apple instead. Got it.
KassaNatnael በብር ስንት ማለት ነው? 🥱
MacroHeads Buh?
How does apple make so much fucking money
reached this milestone entering another industry. tv/film production AND distribution. monopoly in 10 years there will only be 100 companies running the world
BretBaier China still controls Apple
Would have been 3 if they made sanitizers and masks
They wouldn't have so much money if y'all didn't buy their products 🤷
LOL 60% this year on literally nothing. Sales and earnings growth doesn't justify this dog shit.
...and yet most iPhone still dont have portrait mode
But why. I legit don’t understand.
Aramco was at $2 trillion last December
Only due to their stock buybacks
The rich just keeps getting richer. While the rest of us just hope that tickle down economic works😂😂
And still can’t make a good iPhone cord
Many people thought it would be impossible to fill Steve Jobs shoes. But what Tim Cook has done since he took over the reins of the company is simply remarkable.
Apple has enough cash on hand to pay every single worker $250,000 a year forever. That includes store and warehouse workers. But yea, if we make them pay taxes we'll end up like Venezuela.
Maybe they should give out stimulus checks
Looks like a bubble to me. I’ve seen this movie before. The only real strong economy, in my opinion, happens when people can pay their bills and have disposable income. The stock market is gambling. That’s where are those tax payouts went.
NorakGroup Apple’s Fortnite feud and Microsoft xCloud ban have put the future of iPhone gaming in jeopardy
BretBaier Very graphic video. Do you condemn these actions? Then, please speak out and help get these thugs locked up. If we don't deal with this insurrection, it will show up on our front door steps.
BretBaier Soon to follow: a bunch of arrogant stupid spoiled white kids Tweeting about how evil Apple and Capitalism are from the iPhones.
Gross
Will they start paying taxes now?
Sell sell sellllll
Their Chinese factories use Uighur slave labor. Apple needs to address this and maybe think about pulling out of China and moving their production to Puerto Rico or Mexico.
WHY ARE WE CELEBRATING A COMPANY THAT MADE 100's OF BILLIONS OFF OF ASIAN SLAVE LABOR
Never an iPhone!
kennwhite How can people buy $1,200 phones when they can’t pay their rent?
I am glad I bought them in March before this huge Rally
And to think I had to ask my 401-K advisor why they were not carrying Apple stocks. They literally ignored Apple when I could have bought at the $40.00 per share range. They were MS Windows loyalist stupid!
I’m yay! apple can you lower your prices now
It's like Corona didn't know the way to this amazing company....Nice one. Congrats...
Wow shares are up 60% and their earnings are flat. Stonks!!!
Thanks to tim Apple and his deal with his dear leader
2 trillion ?! For an Apple?! They grow from the earth! Evil evil
Not good
Yay, yet another company built on foreign slave labour making more money than any company should.
Woo-hoo
Phones are too expensive, like buying a used car soon
thank u capitalism, very cool
Trump will loose he will be removed by secret service January. 2016 he did not openly call on Putin for election hacking only conversation global criminal organisation. It was known he send Inteligence woman to appear on FOX to say source is not credable Putin bounty on military?
Uggh
THEN TELL THEM TO PAY THEIR PERCENTAGE LEVEL OF TAXES AND END THE DEBT PROBLEMS
That's funny. I am old enough to remember when Apple just made silly, little computers.
Can anybody explain it to me that while we were locked up inside our homes, how billionaires turned trillioners?. How our economies are showing downslide and private companies are making fortune. Didn't governments make Covid crisis somehow favorable for corporates?
You would think a company worth that much could relax a bit having achieved significant success. But that is not likely because the world of business is never content....always want more. The pursuit of infinite growth and profits.
meanwhile millions dont know where their next meal will come from
I’m so poor I didn’t even know trillion was a number.
Thank the gods I bought stock.
When you find out AT&T's 5g is out & Apple iphones still aren't 5g capable! SelliT
Pretty awesome accomplishment. It wasnt that long ago I wondered if we would ever see 1T market cap, now we have a 2.
60% en este año! Que increible!
Thanks to Trump Bucks.
tech companies benefit from the pandemic
BIG TECH taking over the planet! I love it!
Yo Apple send me a cpl hundo g’s real quick. Please 🙏🏽
When are they gonna start paying some fucking tax? Crooks.
GameStop be like “I’ll give you $4.99 in store credit.”
Congratulations for a wonderful achievement ♥️
How convenient during a pandemic
Eat the rich
Yeah? I wonder how much of that money has been taken from government aid. Proven they don't actually do honest business behind closed doors.
To celebrate Apple’s 2 trillion dollar evaluation I have decided to turn my old shuffle into a money clip.
Thank you President Trump
They could call them iShares and immediately charge an extra 50% for them.
At this point in time, Samsung and other Android phone manufacturers will end up like BlackBerry. More and more Android customers are switching to iPhone, much like I did 5 years ago, come 31st August. That was the day I started using iPhone.
Boo!
They hiring?😂
TEAR IT DOWN!!
That's what slave labor gets u
oh cool how many of their employees are on public assistance
How much do they pay the people in their factories?
Who knew fruit was that popular?!
🤢
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