Home News Company in the news

Apple becomes first US-listed company to cross US$2 trillion mark

Bloomberg
Bloomberg8/20/2020 11:15 AM GMT+08  • 6 min read
Apple becomes first US-listed company to cross US$2 trillion mark
Apple Inc. made Wall Street history on Wednesday when its 2020 stock surge pushed the market value over US$2 trillion ($2.74 trillion), the first time a US company has surpassed that level.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Apple Inc. made Wall Street history on Wednesday when its 2020 stock surge pushed the market value over US$2 trillion ($2.74 trillion), the first time a US company has surpassed that level.

While it took Apple 38 years to reach its first US$1 trillion in value, the next trillion only took two years after the company rapidly expanded its hardware ecosystem with more iPhones and new Apple Watches and AirPods, launched digital services and leveraged its base of 1.5 billion devices to generate more recurring revenue.

The Cupertino, California-based company, run by Chief Executive Officer Tim Cook, has also been buoyed by the broad adoption of mobile internet-connected devices, apps and other cloud services -- especially during the Covid-19 lockdown. Buybacks and dividends have lured new investors, such as Warren Buffett, while an imminent stock split should keep smaller investors interested, too.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now