• About
  • Contact
Monday, June 27, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Apple Reaches $2 Trillion Valuation Amid Ongoing Pandemic

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

Apple Market Cap- Next Big Brand

  • 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.

WhatsApp Image 2020 08 19 at 20.49.04
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

20220627 152251 0000
News

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17
Cryptocurrency

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker
Creators

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
Pine Labs Founder
News

Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

June 23, 2022
Ebay KO
Cryptocurrency

eBay Acquires NFT Marketplace KnownOrigin For An Undisclosed Sum

June 23, 2022
Cashify Founders
News

Cashify Raises $90 Million in Series E Round Led By NewQuest & Prosus

June 23, 2022
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.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital
  • Christiano Ronaldo and Binance Announce NFT Partnership
  • Khaby Lame Becomes World’s Most Popular TikToker

Latest News

20220627 152251 0000

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
  • 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
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

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.