As expected by analysts, Apple today surpassed a significant milestone, The company recovered in just 4 months after the fall of its share in early March and is now the first technology company to exceed the market value of 2 trillion dollars.
Apart from being the first technology company, it is also the first American company to reach this level. Apple’s stock is currently worth $ 470, with the company preparing to break one share into four by the end of the month.
Let’s not forget that Apple had won the “race” of 2018, where it surpassed Microsoft and Amazon and became the first technology company with a market value of 1 trillion.
Apple has managed to increase its subscribers to Apple Music, iCloud, Apple TV + and Apple Arcade in recent months, while demand for the iPhone SE remains high. Anyway, now the company managed to set this record, whichever company follows.
Apple’s success has also vaulted CEO Tim Cook into the ranks of billionaires — one of the few CEOs to reach that level without having started the company he leads.
Apple – and other top techs for that matter — are also holding up much better than many other companies during the global recession that has been brought about by the Covid-19 pandemic.