The Journey to $2 Trillion: How Apple compares to other tech titans

Daniel Fowler
September 29, 2020

In fact, investors over the past few weeks had expected the company to reach the milestone anytime given the dream run it was having at the Wall Street.

Including Amazon, Microsoft and Google's owner Alphabet - all now worth around $1 trillion or more - the big United States tech companies are together worth more than $6 trillion. The largely symbolic mark comes just over two years after Apple was the first American corporation to reach a market cap of $1 trillion.

Cupertino-based tech giant Apple yesterday created history as it became the most valuable tech company on the planet. It also tracks the valuations of the likes of Amazon, Alphabet Inc, Facebook, and more.

Furthermore, in July, Apple reported a total of $59.7 billion in revenue in the company's recent earnings report.

Now that technology has clearly become the oil of the 21st century, other industry leaders could soon be joining Apple in the $2 trillion club, now that it is clear technology has become the oil of the 21st century.

There's a New Holmes on the Scene in 'Enola Holmes'
This political discord is played out well in the film, and in some ways mirrors the United States' current political polarization. It also features Sam Claflin as her stuffy brother Mycroft, Louis Partridge as a romantic interest, and Henry Cavill as Sherlock.

Apple's share as of Thursday are back down to $462.83, giving it a market valuation of $1.98 trillion.

Apple's revenue grew across every category and all of its geographical regions in the June quarter, even as the coronavirus crisis caused the USA economy to collapse at its worst rate since the Great Depression of the 1920s. During that time, Apple's revenues were driven by robust sales of iPhone, although it had already started slowing.

If the reports and rumors so far are to be believed, Apple's next "Pro" iPhone will have a triple-lens camera like last year's models, a Lidar scanner like the new iPad Pro, and a refreshed design among other changes.

More specifically, the iPhone 12 will be produced exclusively in India beginning with mid-2021, according to a report from Business Standard, with Wistron to take care of the entire process at a new facility near Bengaluru. Moreover, in the past two years Apple has diversified its portfolio. Revenues from Apple Pay has been working miracles for the company, which further got a boost owing to the pandemic as more people shifted to contactless payment during this time.

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