Apple Becomes First US Company to Hit $2 Trillion Market Cap
Aug. 20, 2020The Cupertino giant, Apple, is now an even bigger giant. The company hit $2 trillion market cap today, hinting that the company’s growth remains strong even through the pandemic.
You can probably recall a couple years ago whenApple’s market cap hit $1 trillion. The company has essentially doubled that value in around 2 years’ time, which is a fairly impressive feat.
Still being an even bigger company may not be all good things for Apple right now. The company is embroiled in a very publicfight with Epic Gamesover the App Store’s policies. Epic is claiming that Apple strong arms developers using its monopolistic practices, and charges them exorbitant amounts (30%) for in-app purchases among other things. Apart from that,FacebookandMicrosoft recently slammed Applefor preventing their apps to launch on the App Store, and Google confirmed that Stadia will not be available on iOS; at least as of now.
