The value of Apple over the years
The value of Apple over the years

Apple Tops $2 Trillion!

Apple becomes the first U.S. company worth $2 trillion.

This has not been a great year for business. The coronavirus caused many companies to lose money. Yet some businesses have done well in 2020. In fact, Apple has grown a lot during the year. On Wednesday, it became the first U.S. company to be worth $2 trillion!

Apple also became the first $1 trillion company in America. That happened in August 2018. Apple’s value went up in 2019. But it fell back below $1 trillion on March 23, 2020. That means its value has doubled in five months. Apple is now the most valuable company on Earth!

To figure out a business’s worth, you can look at the stock market. That’s where people can buy and sell parts — or shares — of a company. The price of these parts goes up and down each day. Apple has more than 4 billion shares. This week, each share reached an all-time high of almost $470. Add all those shares together, and the overall value of Apple becomes $2 trillion.

Apple makes its money by selling its products and services around the world. Those include iPads, Mac computers, and AirPods. Because of the coronavirus, more people are working — and shopping — from home. That means more time online, which is good news for Apple. The company based in Cupertino, California, saw a huge increase in its sales from April through June.

America’s other giant tech companies have also grown since the start of the pandemic. They include Amazon, Microsoft, and Alphabet (which owns Google). Each of those companies is now worth more than $1 trillion. And one share of Amazon reached $3,300 this week — its all-time high.

Apple’s rising value has made some people rich. Those include its leader, Tim Cook. Last week, the Apple CEO became a billionaire!

Updated August 20, 2020, 5:02 P.M. (ET)
By Russell Kahn (Russ)

Apple Tops $2 Trillion!

Apple becomes the first U.S. company worth $2 trillion.

The value of Apple over the years
The value of Apple over the years

This has not been a great year for business. The coronavirus caused many companies to lose money. Yet some businesses have done well in 2020. In fact, Apple has grown a lot during the year. On Wednesday, it became the first U.S. company to be worth $2 trillion!

Apple also became the first $1 trillion company in America. That happened in August 2018. Apple’s value went up in 2019. But it fell back below $1 trillion on March 23, 2020. That means its value has doubled in five months. Apple is now the most valuable company on Earth!

To figure out a business’s worth, you can look at the stock market. That’s where people can buy and sell parts — or shares — of a company. The price of these parts goes up and down each day. Apple has more than 4 billion shares. This week, each share reached an all-time high of almost $470. Add all those shares together, and the overall value of Apple becomes $2 trillion.

Apple makes its money by selling its products and services around the world. Those include iPads, Mac computers, and AirPods. Because of the coronavirus, more people are working — and shopping — from home. That means more time online, which is good news for Apple. The company based in Cupertino, California, saw a huge increase in its sales from April through June.

America’s other giant tech companies have also grown since the start of the pandemic. They include Amazon, Microsoft, and Alphabet (which owns Google). Each of those companies is now worth more than $1 trillion. And one share of Amazon reached $3,300 this week — its all-time high.

Apple’s rising value has made some people rich. Those include its leader, Tim Cook. Last week, the Apple CEO became a billionaire!

Updated August 20, 2020, 5:02 P.M. (ET)
By Russell Kahn (Russ)

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