On August 19, Apple became the first US company to cross the $2 trillion market cap, securing a position as the most valuable company in the world. Apple dislodged Saudi Aramco, which previously held the title.
In the April-June quarter of 2020, Apple earned 12 per cent more than it did in the same period in 2012. At a time when iPhone sales dropped due to Covid-19, its success was buoyed by its services like Apple TV and Apple Music. The new iPhone SE also made a difference.
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