Nowadays Apple is one of the most used brands all over the world. In spite of the high price, people are using it for several reasons. The main reason is its security and also its processor. For the last couple of years, Apple is providing a huge range of smartphones and also other gadgets (Mac book, watches, etc). These are the most obvious reasons why apple is still in significant growth at the hard of humanity, global pandemic situations.
On Wednesday, Apple created history and surpassed the $2 trillion mark in market cap value.
- Apple’s stock uprising —> $467.77
- Shares closed with —> $462.83
A major reason for this uprising is the modified working procedure for most of the IT industries and other organizations right now. The new working technique “Work from home” is surely increasing the sales of the gigantic brand. People are buying mobiles, mac books for their work from home. Though there was a 15% decline in the sales of Apple in the season quarter, Apple has already recovered those amount in 2020 quite remarkably.
In July, Apple reported a strong quarter with $59.7 billion and still showing significant growth in its products and services. Adaptation of online sales is another reason for their success. As most of the shops are closed right now for this global pandemic and lockdown, Apple is still managing its online sales capability where retail locations are closed.
It is not the first time Apple has achieved something really big. Before that in the year 2018, Apple was also the first US company to surpass the $1 trillion market cap. Now they took just 2 years to double that amount. $6.88 billion a day Apple’s valuation alone rose. Now Apple is a good mixture of both hardware and also software. Investors are looking into it.
Year to date, shares up –> 60% Last year, shares up –>120%
