Apple worth $2 trillion | WORLD
Logo
Sound journalism, grounded in facts and Biblical truth | Donate

Apple worth $2 trillion


The company that gave the world iPhones and Macbooks gained $1 trillion in value in just two years. Apple became the first U.S. company worth $2 trillion on Wednesday.

How did that happen? The tech company’s shares gained nearly 60 percent this year despite the shutdown of factories in China that produce the iPhone. Many of its customers purchased products online while in quarantine, and Apple reported huge earnings for the second quarter. Its market value also rose after the company announced a 4-for-1 stock split that will make Apple shares more affordable.

Dig deeper: Read Kiley Crossland’s report in Relations about the effects smartphones have on teens.


Rachel Lynn Aldrich

Rachel is a former assistant editor for WORLD Digital. She is a Patrick Henry College and World Journalism Institute graduate. Rachel resides with her husband in Wheaton, Ill.


An actual newsletter worth subscribing to instead of just a collection of links. —Adam

Sign up to receive The Sift email newsletter each weekday morning for the latest headlines from WORLD’s breaking news team.
COMMENT BELOW

Please wait while we load the latest comments...

Comments