Apple cracks $2trn

Author: EIS Release Date: Aug 27, 2020


Five months ago, Apple was worth under $1 trillion. Now it’s worth $2 trillion.

Although Apple had a good Q2 with revenues of nearly $60 billion, and has had a successful tilt towards services and has the  launch of its first 5G phone imminent,  the current share price says more about the market than about Apple.

For instance Tesla’s share price has gone from $229 to $1,900 in a year.

Next to crack $2 trillion could be Amazon and Microsoft which are currently at $1.6 billion.

Like Apple, they have done well out of the coronavirus, with more people staying at home and buying the companies’ wares and services for remote working and home-based leisure.