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Apple's Market Capitalization Has Reached $2 Trillion

Apple's Market Capitalization Has Reached $2 Trillion

Apple's market capitalization on Wednesday exceeded the $2 trillion mark, according to the WSJ.

According to its data, the share price showed an increase of 1.2% and reached $467.84. the Newspaper notes that the growth in the value of the company's assets is due to stable demand for its devices, as well as the fact that many Americans now work from home, which means that they are more likely to use Apple products and services.

On August 6, the company reported that it recorded revenue and profit growth in the third quarter of the fiscal year 2020, despite the new coronavirus pandemic. For the three months ended July 27, the company had revenue of $59.7 billion and a net income of $11.3 billion. Both indicators showed growth compared to the same period in the 2019 financial year. At that time, Apple's revenue was $53.8 billion, and its profit was $10 billion.