Earlier this year, financial adviser Wadebush said technology giant Apple would reach the $2 trillion milestone by the end of next year. But now the pace of the company is different.
The US company rose 5 percent in the capital market last week. If this uptick continues, they may not be able to wait until next year to reach $2 trillion. Tech experts think that Apple will be able to complete the milestone of $2 trillion before that.
Tim Cook became Apple’s chief executive 9 years ago. He got the responsibility of the founder Steve Jobs. Jobs founded the company 44 years ago. When he died, Apple had a market capitalization of $350 billion.
In July 2018, Apple became the first company in the world to touch the one trillion dollar milestone. Apple became $1.5 trillion in June 2020 between the two years. This time the $2 trillion milestones seem very close for the company.
Coronavirus has increased people’s need for the Internet. Online teaching, office, seminar meetings. Poibarro tech companies in widespread demand. Apple, Facebook, and Amazon are increasing their profits at a huge rate. However, Apple has not yet commented on the matter.
As Apple’s share price rises, 59-year-old Tim Cook himself has been added to the list of the world’s billionaires. Cook owns 0.847 million shares of Apple’s stock. He also bought a house worth more than $ 125 million last year as part of his salary package. The Bloomberg Billionaires Index is based on its billionaire status, its owned shares, and the compensation it has received through Apple.