• About
  • Contact
Monday, January 18, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home News

Apple Reaches $2 Trillion Valuation Amid Ongoing Pandemic

Pritish raj by Pritish raj
August 19, 2020
in News, Tech
2 min read
0
Apple Valuation Cash most innovative company Market Cap- Next Big Brand

Apple Market Cap- Next Big Brand

Share on FacebookShare on Twitter
  • Apple is the first U.S. company to have reached a valuation of $2 trillion, capping a staggering climb that began in the pandemic.

Apple is the first U.S. company to have reached a valuation of $2 trillion, capping a staggering climb that began in the pandemic.

It took Apple 42 years to get to a peak of $1 trillion. Getting to $2 trillion it took just two more years.

Perhaps more stunning: All of Apple’s second $1 trillion came in the past 21 weeks, while in the coronavirus pandemic the global economy was declining faster than ever.

Apple became the first U.S. company to hit a $2 trillion valuation on Wednesday when its shares climbed 1.2 percent into morning trading at $467.78. It was another milestone for the iPhone, Mac, and Apple Watches maker, cementing its title as the most valuable public company in the world and punctuating how the pandemic has been a bonanza for the tech giants.

Apple’s value was below $1 trillion as recently as mid-March after the stock market plummeted over coronavirus concerns. The Federal Reserve on March 23, the nadir of this year’s stock market, unveiled drastic new steps to appease investors.

Since then, the stock market – and particularly Apple, Microsoft, Amazon, Alphabet, and Facebook stocks – has largely soared, with the S&P 500 hit a new high on Tuesday.

Source- NY Times

Investors have pumped billions of dollars into tech behemoths, hoping that their sheer size and strength will act as shelters from the recession triggered by the pandemic. Together, since March 23, the value of these five companies has swelled by nearly $ 3 trillion, almost the same growth as the next 50 most valuable companies combined by the S&P 500, including Berkshire Hathaway, Walmart, and Disney, according to market analytics firm S&P Global. Apple’s worth alone increased by $6.8 billion a day, more than American Airlines value.

Apple Plans To launch made in India iPhone 12 as the Taiwanese manufacturer of Apple is hiring in India for the production of parts.

Wistron, the Taiwanese manufacturer of Apple, has begun hiring processes for local iPhone 12 part production in India. The Made in India iPhone 12 will be out by mid-night next year, a Business Standard report reported. Wistron expected to spend more than 2,900 crores in India to step up efforts to manufacture the iPhone locally.

Previous Post

Apple Will Make iPhone 12 In India, As Supplier Hires 10,000 People

Next Post

T-Series Crosses 150 Million Subscribers On YouTube

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Under Pressure WhatsApp Delays its Controversial New Policy Update
News

Under Pressure WhatsApp Delays its Controversial New Policy Update

January 16, 2021
IndiaMart Market Cap Hits $3 Billion
News

IndiaMart Market Cap Hits $3 Billion

January 15, 2021
Digit Insurance Becomes the first Unicorn of 2021 with a total valuation of $1.9 Billion
News

Digit Insurance Becomes the first Unicorn of 2021 with a total valuation of $1.9 Billion

January 15, 2021
Trump Administration Blacklists Smartphone Giant Xiaomi and other 10 Chinese Companies
News

Trump Administration Blacklists Smartphone Giant Xiaomi and other 10 Chinese Companies

January 15, 2021
Rise of Regional OTT Platforms in India during the Pandemic Time
News

Rise of Regional OTT Platforms in India during the Pandemic Time

January 15, 2021
Ex-Star India Chairman Uday Shankar Joins Lupa Systems CEO for New Venture
News

Ex-Star India Chairman Uday Shankar Joins Lupa Systems CEO for New Venture

January 14, 2021
Next Post
T-series YouTube Subscribers- Next Big Brand

T-Series Crosses 150 Million Subscribers On YouTube

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Smartphone brand - Next Big Brand

Smartphone Brands That Lost Market Share in India

12 months ago
Call Of Duty Mobile Play App

Call of Duty: Mobile Receives Best Game Award on Play Store, Avengers Endgame Wins Best Movie

1 year ago
IndiGo Pay cuts Flights Planes- Next Big Brand

IndiGo Grounds 30 Planes As Corona Scare Cancels International Flights

10 months ago
Sachin Paytm

Paytm First Games Ropes In Sachin Tendulkar As Brand Ambassador

4 months ago

FOLLOW US

  • 22.2k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Lava Mobiles: Planning a Strong Comeback in the Smartphone Industry
  • Under Pressure WhatsApp Delays its Controversial New Policy Update
  • IndiaMart Market Cap Hits $3 Billion

Instagram

Follow Me!

Latest News

Lava Mobiles: Planning a Strong Comeback in the Smartphone Industry

Lava Mobiles: Planning a Strong Comeback in the Smartphone Industry

January 17, 2021
Under Pressure WhatsApp Delays its Controversial New Policy Update

Under Pressure WhatsApp Delays its Controversial New Policy Update

January 16, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.