FRIDAY, March 29, 2024
nationthailand

Apple hits $2 trillion in market valuation, making it the first U.S. public company to reach that milestone

Apple hits $2 trillion in market valuation, making it the first U.S. public company to reach that milestone

Apple became the first publicly traded U.S. company to be valued at $2 trillion Wednesday, a major milestone highlighting the iPhone maker's ability to thrive in the post-Steve Jobs era.

Despite a pandemic that crippled global supply chains and harmed consumers, Apple has managed to keep producing and selling products, impressing Wall Street and proving that its business is resilient. Investors are also expecting a boost in sales as Apple customers upgrade to 5G, the latest wireless standard that is expected to be included in the new iPhones.

Being valued at $2 trillion also highlights how far the company has come since the death of Jobs in 2011. While Jobs was considered a visionary, current CEO Tim Cook, who succeeded Jobs, has managed to increase the value of the company more than some ever thought possible.

 

RELATED
nationthailand