Apple Inc became the first US public company with a stock market value of $ 2 trillion on Wednesday, August 19. During the auction, the company’s shares reached $ 468.06.
Apple is currently the second company in the world to reach such a capitalization. The first was the Saudi energy company Saudi Aramco, which reached this figure in December 2019. However, due to the coronary crisis and falling demand for oil, the company’s share price fell.
What does it give?
In fact, it is a more symbolic achievement that shows the stability and profitability of the company. It is worth paying tribute to the company’s CEO Tim Cook, who has expanded Apple’s presence in China.
Apple ended its third fiscal quarter with revenue of nearly $ 60 billion, primarily due to increased online sales.
Also, for the tenth year in a row, the company ranks first in the ranking of the 100 most expensive brands worth more than $ 241 billion.
In January 2020, it became known that the iPhone 12 Pro will have an advantage that will make this model much better than previous Apple smartphones.
The iPhone 12, iPhone 12 Pro and iPhone 12 Pro Max, which are scheduled to be unveiled in September 2020, will differ from each other not only in size but also in features and some aspects. The iPhone 12 Pro will receive a triple camera and an additional quadruple ToF sensor, and this configuration will receive 6 GB of RAM.