By Shivangi Chawla
In today’s generation , everyone has love for brand names when it comes to buy electronic products . Apple has become one of the most loved brands by mobile users and ofcourse it will be loved because Apple has provided wonderful features such as good picture quality , bigger screen size , faster face ID , portrait shots , long battery life and many more . You will be shocked to know that the Cupertino based tech giant Apple has created a history as it become the most valuable tech company on the planet. Apple’s market value touched a whopping $2 trillion and it is now the most valuable publicity traded company in the world . Analysts believe that the valuation though symbolic in nature does show Apple has done really well even in the face of a global pandemic. Tech giant Apple has become the first US company to be valued at $2tn (£1.5tn) on the stock market. It reached the milestone just two years after becoming the world’s first trillion-dollar company in 2018. Its share price hit $467.77 in mid-morning trading in the US on Wednesday to push it over the $2tn mark.The only other company to reach the $2tn level was state-backed Saudi Aramco after it listed its shares last December. But the oil giant’s value has slipped back to $1.8tn since then and Apple surpassed it to become the world’s most valuable traded company at the end of July.
Here we tell you the factors and some other interesting details that have played a critical role in Apple becoming a $2 trillion company.
- Just over two years: The time taken from $1 trillion to $2 trillion .
In August 2018, Apple hit the $1 trillion mark and now just over two years later, it has hit the $2 trillion milestone.
2. The iPhone remains critical but isn’t ‘everything’ for Apple.
While the march to $1 trillion might have been on the shoulders of iPhone, Apple’s Services business and other products have played an important role in the $2 trillion journey.
3. Apple’s Services business has done wonders for the company.
The Services business — includes App Store, Apple Music, Apple Care among others — has doubled the revenues in the last four years. It is expected to cross more than $45 billion.
4. Services business accounts for close to 22% of total sales and have played a key role in getting Apple to $2 trillion.
Apple has over
5. 50 million paid subscriptions across the services on its platform.
In one year, Apple has added 130 million paid subscriptions.
During its investors call in July, Apple revealed that the revenue from Mac devices has gone up by 22% in the last one year. The iPad has been doing better than ever for Apple.There are more Mac and iPad users in the world than ever before. The active installed base for both products reached a new all-time high, Apple revealed during its quarterly earnings call recently.
The AirPods are the most popular headphones in the world.
Apple’s rapid share price rise is “an impressive feat within a short period of time”, said Paolo Pescatore, a technology analyst at PP Foresight.
“The last few months have underlined the importance of users and households alike to own better quality devices, connections and services and with Apple’s strong broad portfolio of devices and a growing services offering, there are plentiful opportunities for future growth.”
He said the arrival of gigabit connectivity broadband would offer Apple “endless possibilities”.
“All eyes are now on the eagerly anticipated 5G iPhone which will fuel further consumer demand,” he added.
Hope we will get to use 5G iphone soon !