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Tag: apple 2 tn

Apple becomes first US company to be valued at $2 trillon

Apple becomes first US company to be valued at $2 trillon

अर्थतन्त्र, कर्पोरेट
credit: BBC News Tech giant Apple has become the first US company to be valued at $2tn (£1.5tn) on the stock market. It reached the milestone just two years after becoming the world's first trillion-dollar company in 2018. Its share price hit $467.77 in mid-morning trading in the US on Wednesday to push it over the $2tn mark. The only other company to reach the $2tn level was state-backed Saudi Aramco after it listed its shares last December. But the oil giant's value has slipped back to $1.8tn since then and Apple surpassed it to become the world's most valuable traded company at the end of July. Strong sales The iPhone-maker's shares have leapt more than 50% this year, despite the coronavirus crisis forcing it to shut retail stores and political pressure...