Home Business News Apple’s market value hits $2trn

Apple’s market value hits $2trn

by Peter Smyth Tech Journalist
19th Aug 20 4:30 pm

Apple have become the first US company to hit a market value of $2trn and shares in the company have gained almost 60% during 2020.

This comes after Apple reached a market value of $1trn just two years ago and have recently overcame the shutdown of factories in China following the global pandemic.

Apple recently reported a blowout of earnings in the April to June quarter and has been the vanguard of a group of large tech companies that are taking over the stock market.

Apple, Microsoft, Amazon, Facebook and Google’s parent company account for almost 23% of the US S&P 500’s entire value.

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