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new Delhi: Apple On Wednesday it became the first publicly listed US company with a stock market value of $ 2 trillion, as Wall Street investors placed their iPhone ecosystem to face challenges in favor of bets, making it the only coronovirus in the world more. Will prosper
Shares of the company have risen sharply since the quarterly results in July that saw the iPhone maker assume Saudi Aramco as the world’s most valuable listed company, up about 57% in value by 2020.
The move reflects Apple’s shift in investor confidence to rely less on the sale of iPhones and other gadgets, and on services for its users, as well as broader shifts by large institutional investors during the Coronavirus crisis.
Along with Amazon, Microsoft and Google-owning Alphabet, all now valued at about $ 1 trillion or more, US big tech companies are worth more than $ 6 trillion.
Cupertino, California-based Apple surprised Wall Street as it enabled loyal shoppers to buy iPhones, iPads, and Macs online, with even many brick-and-mortar stores remaining closed due to coronovirus lockdowns.
Apple’s revenue increased in every category and all of its geographies in the June quarter, even as the US economy hit its worst rate since the Great Depression due to the coronovirus crisis.
Started in 1976 in co-founder Steve Jobs’ garage, Apple expanded its revenue beyond the economic output of Portugal, Peru and other countries.
Apple shares rose 1.4% on Wednesday to $ 468.63.
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