Shulou(Shulou.com)05/31 Report--

August 2, 2018 was a red day for Apple. The small company, founded by Steve Wosniak and Steve Jobs in 1976, is worth $1 trillion, the first publicly traded company in the United States to reach that figure. Now we're back. After two iPhone cycles, the company became the first publicly traded company in the United States to be valued at $2 trillion. By the end of the day, however, Apple's market cap had fallen to less than $2 trillion.

Apple is the first US public company with a market capitalization of $2 trillion

Apple closed at $224.37 on March 23, when the pandemic first hit the United States. Today's closing price was $462.83, more than doubling in the past five months. Just last month, Apple's valuation surpassed that of Saudi Aramco, the state-owned oil giant, making the tech giant the world's most valuable publicly traded company. Apple reached the $2 trillion mark after announcing a record $59.7 billion in third-quarter revenue in its July 30 report.

The Consumer News and Business Channel reported that Apple's stock price has risen 60% this year, which proves Apple CEO Tim Cook's excellent leadership. iPhone makers 'share prices are high partly because the company trades less like a high-tech hardware company and more like a sexy software company. You can see this in Apple's P/E ratio, which is 33. Logan Purk, analyst at Edward James, said: "The market has really seen Apple as a software company over the last four months. The service business is doing well, seems to have given Apple more than 30 times its share, giving them all the credit in the world for their subscription business. They are already starting to gain traction compared to some of the really big software titans. "For example,

Tim Cook deserves a lot of credit for that. Back in 2015, the year iPhone shipments peaked, the company decided that rather than trying to focus on selling new iPhone models, it would sell regular subscriptions to a large number of iPhone users around the world to earn higher profit margins. Apple has set a goal of doubling its services revenue from $25 billion in fiscal 2016 to $50 billion this fiscal year. Through three-quarters of fiscal 2020, the company has generated $39.2 billion in services revenue; barring a sharp downturn in the global economy this quarter, Apple should have at least $50 billion in services revenue for the fiscal year.

Services include ApplePay, App Store, iCloud, iTunes, Apple Arcade, Apple TV, Apple News, AppleCare, Apple Music, and more. The company is mining gold for about 1 billion active iPhone users.

A rising share price helps Apple executives boost the value of their restricted stock (RSU). Tim Cook recently joined the Billionaires Club. Cook joined Apple in March 1988 as an exciting senior vice president. In January 2009, Steve Jobs took a leave of absence to take charge of Cook. Jobs returned from his illness, became sicker and was forced to resign permanently. In August 2011, Cook became CEO again. The executive has held the position for the past nine years, during which Apple's market value soared from $348 billion to $1.9 billion.

Apple will split its stake into four shares and swap them for one later this month. That means an investor holding 100 shares of Apple stock will own 400 shares, which are currently trading at $462.83, or about $115.71.

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