Apple market cap is more than $2T

Apple Inc is the first publicly traded American company that reached valuation of $2 trillion. For Apple it took 40 years to reach $1 trillion market cap. And just two years to reach $2 trillion market cap.

While majority of companies struggled during the covid19 pandemic, Apple Inc announced it’s impressive financial results for fiscal 2020 third quarter. Company’s revenue was $59.7B (11% growth from the year ago quarter). Quarterly earnings per diluted share was $2.58. International sales accounted for 60% of revenue in last quarter. Apple’s CEO announced company’s new commitment to became carbon neutral by 2030, new $100 million Racial Equity and Justice Initiative. Company’s Board of Directors has declared a dividend of $0.82 per each common stock share. The Board of Directors approved a four-for-one stock split in order to make the stock note accessible to investors.

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