Apple its value reached 2 trillion

In August of 2018, Apple became the first technology company to be valued at $ 1 trillion after 42 years of operation.

Two years after achieving this goal, the company became the first to be worth 2 trillion dollars.

The Cupertino-based company officially crossed the $ 2 trillion mark yesterday, when its share price rose to $ 467,79 before falling to $ 465.

The sharp rise in Apple's value comes at a time when it has been forced to close stores around the world due to the ongoing coronavirus pandemic.

At the start of the pandemic, Apple's share price had fallen to $ 224 from $ 324 last month. But with the aftermath of the pandemic, Apple stocks began to recover much faster.

Η Amazon, η Microsoft και η Alphabet είχαν επίσης απότομες αυξήσεις στην τιμή της μετοχής τους από τότε που ξεκίνησε η πανδημία. Ο τομέας της τεχνολογίας υπήρξε ένας από τους λίγους που επωφελήθηκαν κατά τη διάρκεια του as more and more people are forced to turn to digital solutions to keep working.

According to as COVID-19 affects societies, we could see the current rate of growth in tech stock prices continue for quite some time. So it is very possible for some of the aforementioned companies to reach $2 trillion.

As we go along, the state of the global economy is starting to make it easier to lose seats , it will be interesting to see what comes next with companies like Apple.

Apple is focusing on premium consumer products, but if public purchasing power begins to decline, current conditions could be reversed.

Weak buying traffic could make the public choose cheaper alternatives to Apple premium products.

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Written by giorgos

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