Apple’s growth to a market value of 2,000 billion dollars, despite the pandemic, strengthened its title of the most valuable company in the world, but also underlined the dependence on technology, especially at a time when the coronavirus forced people to communicate, work, or play best free sex games over the Internet.
Barely two years after it became the first company in the world with a market value of one thousand billion dollars, Apple reached a value of 2,000 billion dollars. The iPhone manufacturer is the first American company and only the second in the world to cross that threshold.
Apple reached $ 2,000 billion in market value – the total number of shares of the company multiplied by the amount of one share – on August 19, when the value of the dividend was 477.67 dollars in the morning trading on the New York Stock Exchange. During the day, Apple shares fell slightly, so at the end of the day, the company’s value was around 1.980 billion dollars.
Saudi Aramco, owned by Saudi Arabia, briefly reached $ 2 trillion in market value in December after the oil company went on the public market. Its shares have fallen since then, so its value is around $ 1.8 trillion, which Apple surpassed last month. At the moment, it seems like these two companies play interactive sex games on a business market, where the only question is who is having a better time.
Apple’s share value rose by more than 50 percent this year, despite various business challenges, including the closure of its stores due to the coronavirus. This happened while the company was under political pressure due to its reliance on production in China, but also faced with accusations of non-competitive business.
It took Apple 42 years to reach $ 1 trillion in value, but it only took two years to reach $ 2 trillion. It is particularly astonishing that another $ 1,000 billion came in the last 21 weeks as the global economy decreases faster than ever before due to a coronavirus pandemic.
The arrival of the new record cemented Apple’s title of the most valuable company in the world on the stock exchanges and pointed out that the pandemic was suitable for technology giants. In mid-March, the value of Apple was below a thousand billion dollars, as the price of shares fell due to fear of the coronavirus, but after the aggressive measures of the Federal Reserve to calm investors, stock markets soared, especially shares of Apple, Microsoft, Amazon, Alphabet, and Facebook.
One of New York’s major stock indexes, the S&P 500, broke a new record on Tuesday. The investors had invested billions of dollars in technology giants, betting they would be a haven from a pandemic-induced recession.
The value of these five companies has grown by $ 3,000 billion since March 23, almost as much as the next 50 most valuable companies in the S&P 500 index.