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Apple first US company to be valued at 2 Trillion Dollars
(HighTech) 3 years ago
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 over its links China.
In fact, its share price has doubled since its low point in March, when panic about the coronavirus pandemic swept the markets.
Tech firms, which have been viewed as winners despite lockdowns, have seen their stock surge in recent weeks, even though the US is in recession.
Apple posted strong third quarter figures towards the end of July, including $59.7bn of revenue and double-digit growth in its products and services segments.
 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 salesThe iPhone-maker's shares have leapt more than 50% this year, despite the coronavirus crisis forcing it to shut retail stores and political pressure over its links China.In fact, its share price has doubled since its low point in March, when panic about the coronavirus pandemic swept the markets.Tech firms, which have been viewed as winners despite lockdowns, have seen their stock surge in recent weeks, even though the US is in recession.Apple posted strong third quarter figures towards the end of July, including $59.7bn of revenue and double-digit growth in its products and services segments. "Pin It"){kind=logo}
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Baby Buzz Grand Opening
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Baby Buzz Grand Opening
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GLFL Alumni annual dinner
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Fête de la musique 2023
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The Fashion Design at the LAU
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Barista Espresso: Empowering t ...
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Barista Espresso: Empowering t ...
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Celebrate summer at Mövenpick ...
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SYNCWISE and SOTI gathering ev ...
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Wedding ceremony at Chez Walid ...
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AGBU welcoming Summer brunch
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Lebanon of Tomorrow Fundraisin ...
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Lebanon of Tomorrow Fundraisin ...
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Inauguration in Beirut of the ...
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Release event for 'Baddo El Ma ...
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Release event for 'Baddo El Ma ...
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Happy Father's Day with Happy ...
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Re Opening event of Designers ...
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Zenith exhibition opening
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Luxuria II Luxury exhibition o ...
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Bmehrine Special Sunday Adha B ...
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Jewels of Beirut
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Shaggys opening at Mar Mikhael
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Xoxo Venue Opening
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Melhem zein concert at Baalbec ...
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Melhem zein concert at Baalbec ...
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Imany Voodoo Cello at Baalbeck ...
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Lashmaker Beirut Opening
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The Philosophy Project's New J ...
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Majestic Byblos Hotel Opening
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Majestic Byblos Hotel Opening
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Glamour by the Sea Opening
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AUL launches Fly For Hope init ...
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LGU Graduation 2023
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Summer of Love Batroun Exhibit ...
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Guy Manoukian at Byblos intern ...
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Hiba Tawaji at Byblos Internat ...
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Aleph and his orchestra at Byb ...
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Animaura Big Opening
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Sisters summer bazaar
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Sisters summer bazaar
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Dar al Mona Batroun
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CREED 1760
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Pierray Tiki Bar night IV
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TLN hosted their 1st internati ...
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Wednesday Happy Hour at Kempin ...
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Wednesday Happy Hour at Kempin ...
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Ladies Night at Kempinski Summ ...
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Octave Opening
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Pierre Fabre Strong at Roots
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Pierre Fabre Strong at Roots
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The Society of Saint Vincent d ...
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The Society of Saint Vincent d ...
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Michel Fadel live at Sursock M ...
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Greek soirée at Kempinski Summ ...
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Bodies in Motion Opening Exhib ...
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Murex D'or 2023
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Murex D'or 2023
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The second ABAL conference
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الموركس دور يحمل شعار Staying ...
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Singuladerm launching event
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UNDP AND ITALY SUPPORT LEBANON ...
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Beirut beats at Mon Maki Gemma ...
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XPark grand opening
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XPark grand opening
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Smile to Smile dental clinics ...
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Badaro Balcony Festival featu ...
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Une partie en Vrac : Book sing ...
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ProRituals Beauty Clinic Grand ...
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ProRituals Beauty Clinic Grand ...
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HOLDAL and Lacoste 60 Years Ce ...
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Barbara Nassar Association Eve ...
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Grand opening By afkart Concep ...
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Bassel Shehabi Book Signing Ce ...
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Breast Cancer zumbathon Event
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Betytech Global Enterpreunship ...
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Event Harb electric & liban ca ...
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Rouh Beirut celebrates its ope ...
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Opening of Cherine Fakhry Bout ...
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The YWCA Napoleon Avant Premie ...
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Amal Azhari X Ritika: Pop Rain ...
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NINO ARIAL stand-up LA SUCETTE
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Nada and Utsav wedding Jaipur ...
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The grand opening of Lakrids b ...
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The Philosophy Project Christm ...
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Le Rodin Christmas Gathering
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Christmas Vibes at City Centre ...
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Mouftahelchark 27th anniversar ...
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YWCA Christmas Lunch
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Creel A night of Hope 2023
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Creel A night of Hope 2023
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St Vincent de Paul Christmas P ...
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BEAUTY IS OUR DUTY AT MIRELLA ...
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St Vincent de Paul Christmas P ...
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All Stars Night at Soma resto ...
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Happy Birthday Ahmad Yehya
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Happy Birthday Ahmad Yehya
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Michel Fadel at Casino Du Liba ...
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Collective Y Collection event
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Collective Y Collection event
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The Kalm Pilates Studio Grand ...
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Grand Opening of Kalm Studio
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Grand Opening of Monday Fitnes ...
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De la perte a la réparation ds ...
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Gathering of diplomats spouses ...
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Gathering of diplomats spouses ...
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IAA Gala dinner
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IAA Gala dinner
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Bernard Sauvat at Casino du Li ...
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Morphine Play Grand Opening
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Morphine Play Grand Opening
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Rebirth Beirut Presents Coup d ...
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Rebirth Beirut Presents Coup d ...
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Nadine Chammas book signing
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Nayirian Blossoms
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Blossom Motions Solo Exhibitio ...
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Moscars event by Medica
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CeraVe medical launch at Pheni ...
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Leading woman Award ceremony
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Pizzanini Elissar Branch Openi ...
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Chantal Goya au Liban Sur la R ...
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Illumination of Our Lady of L ...
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Beauty and Wellbeing Forum 202 ...
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Dunes Spring Festival
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