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Macintosh News => iPhone/iPod/iPad News => Topic started by: HCK on August 25, 2020, 04:05:18 pm



Title: Apple becomes first public company to reach a $2 trillion market cap
Post by: HCK on August 25, 2020, 04:05:18 pm
Apple becomes first public company to reach a $2 trillion market cap

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<p>Apple has become the first public company to hit the magic milestone of having a $2 trillion market capitalization, just two years after it crossed (https://9to5mac.com/2018/08/02/apple-becomes-first-company-to-hit-1-trillion-market-cap-according-to-apples-own-stocks-app/) the $1 trillion mark. </p>
<p>Market cap is the value of a share multiplied by number of shares, thereby seen as the overall value of a publicly traded firm. Apple has seen its stock almost double this year off of COVID pandemic lows in March. Investor confidence rebounded as Apple delivered strong revenue growth (https://9to5mac.com/2020/07/30/apple-q3-2020-earnings/) in many business divisions last quarter, with its services division offering promising monetization opportunities over the next few years.</p>
<p> <a href="https://9to5mac.com/2020/08/19/apple-2-trillion-market-cap-2/#more-662985" class="more-link">more…[/url]</p>
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