Apple reaches a market value of $2 trillion; becomes 1st US Company to do so

Tech giant Apple Inc has become the first US company to reach a $2 trillion (£1.5 trillion) value on the stock market.

The company’s shares have skyrocketed since July and in the process overtaken Saudi Arabian oil giants Amarco. This sees the creators on the iPhone surpass Amarco by north of 57% in value this year.

The last few months have underlined the importance of users and households alike to own better quality devices, connections and services and with Apple’s strong broad portfolio of devices and a growing services offering, there are plentiful opportunities for future growth.

Paolo Pescatore, Tech Analyst

Apple’s revenue grew by leaps and bounds across every one of its countries in June, whilst the US economy suffered due to the coronavirus crisis.

Fellow tech giants Amazon, Microsoft and Alphabet, are all now valued at around $1 trillion or more.

What started out as a small startup started in a garage has grown to become one of the biggest tech companies in the world.

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Quarme Captain
Just a Tech blogger with a knack for web design.

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