Apple's market capitalization exceeds 210 trillion yen, becoming the first $ 2 trillion company



Apple has achieved a market capitalization of 2 trillion dollars (about 212 trillion yen) for the first time in the United States. The company with the highest market capitalization in Japan is Toyota Motor Corporation (23.3 trillion yen), which is more than 9 times that of Apple.

Apple Reaches $2 Trillion, Punctuating Big Tech's Grip-The New York Times

https://www.nytimes.com/2020/08/19/technology/apple-2-trillion.html

Apple's value soars to a record $2 trillion | Ars Technica
https://arstechnica.com/gadgets/2020/08/apples-value-soars-to-a-record-2-trillion/

Apple is now a $2 trillion company-The Verge
https://www.theverge.com/2020/8/19/21375223/apple-2-trillion-market-cap-first-us-company-stock-price

Local time around 11 o'clock on August 19, 2020, Apple's stock price was 467.77 dollars (about 49,628 yen), and the market capitalization of the company exceeded the first '2 trillion dollars' as an American company. This record stock price subsequently declined, with a stock price at the end of the transaction of $462.83 (about 49,104 yen) and a market capitalization of $1.98 trillion (about 210 trillion yen).

Saudi Arabia's state-owned oil company, Saudi Aramco , was the first in the world to reach $2 trillion. The company's market capitalization temporarily reached the $2 trillion mark in December 2019, but has since declined, continuing to maintain the $1.8 trillion (approximately 191 trillion yen) range. Apple passed Saudi Aramco on August 4, 2020, and reached $2 trillion on August 19.

It was in August 2018 that Apple achieved a market capitalization of 1 trillion dollars (about 106 trillion yen), so it is a calculation that Apple doubled the market capitalization in about 24 months, but always keeps a good track on its way It wasn't. In March 2020, the stock price fell sharply in response to the new coronavirus turmoil, and the market capitalization was temporarily below $1 trillion.



However, the demand for digital devices and digital content has increased as the new coronavirus has been calling for the importance of social distance. Since March 2020, Apple's stock price has shown rapid growth, and since June 2020, it has continued to rise at a “3.5% increase every week” pace. Similar to the stock price, Apple's performance is also strong, and in the third quarter of 2020 (April-June 2020) financial results announced in July 2020, it increased by 11% from the same period of the previous year to 59,685 million dollars (about Sales of 6.3 trillion yen) and net income of 11 billion 253 million yen (about 120 billion yen), which is an increase of 12% from the same period of the previous year, are reported.

As the new coronavirus pandemic continues for a long time, Apple's subscription service is showing good sales, and the company is offering a new service called 'Apple ONE', which allows you to subscribe to multiple subscription services at a low price at once. It is reported to be released, and it is expected that we will continue to focus on subscription services.

Report that 'Apple ONE' that can subscribe to multiple subscriptions such as Apple Music and Apple TV + at a cheap price will appear-GIGAZINE



Meanwhile, news media have pointed out 'a headwind to Apple.' Apple has been sued by the developer, Epic Games, for dealing with in-game billing implemented in iOS version 'Fort Knight', so it is reported that Apple may suffer a headwind of 'regulation'.

``Fort Knight'' developer Epic Games sued Apple-GIGAZINE



in Mobile,   Software,   Web Service, Posted by darkhorse_log