First US Company To Hit $2 Trillion Dollars Market Cap
First US Company To Hit $2 Trillion Dollars Market Cap\n\n▼Subscribe▼\nhttps://bit.ly/YTLuxury\n\n▼WATCH NEXT 👇\n- Secret Revealed Inside Apple Park Headquarters Near San Francisco [$5+ B]\nhttps://youtu.be/IL5IJhEKhw4\n\n▼ Our Official Social Media\nInstagram: BingeProductions2020 \n\n▼Related Videos\n- Comparison: Richest Companies (2020)\nhttps://youtu.be/kUZjDIPd2TE\n\n- Top 100 Brands in the world 2020 ranked by Brand Valuation\nhttps://youtu.be/sFEZvgHW4II\n\n- STEVE JOBS’ LAST WORDS\nhttps://youtu.be/9y6Dg7pXfmw\n\nBut how did it happen? Well, under the leadership of Steve Jobs and Steve Wozniak, Apple released well-regarded products such as the Macintosh computer in 1984, the iMac in 1997, the iPod in 2001, the iPhone in 2007, and the iPad in 2010. Then, Former design chief JonyIve and current CEO Tim Cook joined Apple in 1996 and followed the traced way for the company. Nowadays, besides devices, Apple gives streaming services and is planning bundled subscriptions from October, so the possibilities from now are unlimited\n\nAlthough Apple was not the first company in the world to reach the $2 trillion-dollar benchmark, it is the first tech company to do so, along with being the first US Company to value at two trillion dollars. Even though this milestone is mostly just symbolic, it makes the progress Apple has made, as we said, from being nearly bankrupt back in 1997 to what it is today, that much more impressive.\n To explain the hugeness of the money they made, after crossing the $2 trillion-mark, Apple market value has become more than the Gross Domestic Product of many countries. These include Italy, Brazil, Canada and Russia, South Korea, Spain, Australia, Mexico, Indonesia, the Netherlands, Saudi Arabia, Turkey, Switzerland, Taiwan, UAE, and Norway, among many others.\nBut Apple still has room to grow, as it is the last remaining major smartphone maker to not yet sell a 5G-enabled device. Apple is expected to introduce its 5G iPhones at its upcoming launch event this fall. So, cross your fingers to be one of the first lucky owners of this technology on an Apple device.\nJony Ives, former designer chief of Apple said: \”I think in the next two years we could be staring at $3 trillion market cap for Apple, given the 5G cycle and where services are headed, with AirPods becoming a $30 billion annual business, I think there are clear skies ahead.\”\nThe company posted a historically strong third quarter in late July, including $59.7 billion in revenue and double-digit growth in its products and services. Apple saw widespread retail closures during the quarter, especially in the United States but said work-from-home trends and strong online sales boosted overall operations.\nIt is the second milestone this year for Apple, who’s CEO Tim Cook became a billionaire after nine years at the helm of the world’s most valuable company. The 59-year-old executive’s net worth surpassed $1 billion earlier in April mark thanks to a nearly 5 percent jump in Apple’s stock price.\nAlthough it took decades of constant innovation for Apple to reach $1 trillion, over the past 2 years there hasn’t been much of it. There were no new groundbreaking technologies or legendary devices such as the iPod or the original iPhone released. Generally, all Apple did throughout this time is tweaked already existing devices and released them with a newer, fancier name.\nThe 30% cut Apple gets from the companies that run businesses on the AppStore has also definitely helped the tech giant to reach this milestone. The company is facing a string of regulatory headwinds for this exact reason as many believe such a large percentage to be unfair.\nThis has been an issue for almost as long as the AppStore has existed. The mandatory 30 percent \”Apple Tax\” has been criticized from the very beginning and had even caused a few lawsuits to occur. The most notable one probably being the ongoing legal challenge from Fortnite creator Epic Games, which is currently suing Apple for kicking Fortnite off iOS after Epic tried to circumvent Apple’s payment systems. Past August 2020, Apple kicked Epic Games, the maker of the wildly popular \”Fortnite\” game, out of the App Store after Epic introduced a payment system that circumvents Apple’s 30-percent cut of in-app purchases. Those are bad news for the forniters.\n\nLuxury LifeStyle is the #1 Luxury Channel to show you the billionaire lifestyle that show us the everyday jewelry from the fine living they have in their deluxe live, imagen your self in the millionaire fastlane owning a luxury real estate and best of all the secret life of the super rich people in the world.\n\n#LuxuryLifeStyle #BillionaireLifeStyle #LifeStyle
Global markets grew by $ 17 trillion in a year
Global stock markets have exploded in 2019, adding more than $ 17 trillion to the total, according to Deutsche Bank calculations.
Global equities started the year at just under $ 70 trillion but surpasses $ 85 trillion today. These results are due to softer monetary policy and geopolitical events.
Central banks around the world have adopted a cautious strategy to stimulate markets. The Federal Reserve has cut its base interest rate three times this year, and the European Central Bank has further lowered its already negative rates.
Global trade outlook, in turmoil since Donald Trump’s election and Brexit vote, turned more optimistic towards the end of the year.
Also, the United States entered into the first phase of the deal with China, bringing their trade dispute closer to resolution..
In Europe, a resounding victory for conservatives Boris Johnson is expected to give him the opportunity to lead negotiations on the country’s withdrawal from the European Union.
However, the strong rise in global markets was largely driven by the dominance of US markets. S indices&P 500, Dow jones industrial average and Russell 2000 have grown more than 20% this year.
Apple showed impressive financial results (80% of profit) and Facebook (57% of profit), which affected the overall stock growth.