21 Aug 2020
Friday Tidbit: Apple Inc.
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
It took 42 years for Apple Inc. to become the first listed company in the United States to be valued at a US$1 trillion dollars and only 2 more years to be the first to reach US$2 trillion mark in market capitalisation. Market capitalisation is calculated by multiplying the total number of shares on issue by the current share price.
That is 2,000 billion dollars or US$2,000,000,000,000.
Just confirms that money makes money and that the COVID-19 Pandemic has not been bad news for all business.
Click for chart.
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