In the latest reflection of technology companies benefiting from
the change imposed by the Covid-19 epidemic, Apple, on
Wednesday, became the first listed US company with a market
value of $ 2 trillion.
And the giant company that manufactures the famous “iPhone”
phones achieved this achievement during morning trading,
with the company’s share rising to $ 467.02.
Apple was the first US technology company to reach a trillion
dollars in value, in March 2018, and later it was followed by
Amazon, Microsoft and Alphabet, which owns Google, all of
which exceeded the trillion dollar market value.
Apple’s surprising performance raised the fortune of CEO Tim
Cook to $ 1 billion for the first time, according to the Bloomberg Billionaires Index.
Although technology companies achieved gains due to the
increase in demand for their services and products during the
closures due to the Corona virus, Apple outperformed its
competitors through strong sales of tablets, watches, etc.,
in addition to new applications and services, which gained
a solid position during the health crisis that struck the world
since End of last year.
In the last quarter, which ended in June, Apple announced that
its profits rose 8 percent to $ 11.2 billion, and its revenue rose
11 percent, to 59.7 billion.
Apple’s stock rise comes amid a boom in shares of technology
companies listed on stock exchanges, as people move to work
from home, amid the outbreak of the Covid-19 epidemic and
social distancing measures.
The Nasdaq stock index, which includes most technology
companies, rose to record levels more than 30 times in 2020.