Apple stock has surged recently due to the higher than expected iPhone demand and hit the $2 trillion market cap for the first time after its share value per share hit £467.77. It is the first company ever to hit this milestone. The tech industry has been one of the most successful industries during the pandemic, with other industries suffering major declines, and economies facing downturns after months in lockdown.
The tech industry has surged due to higher demand in services, and higher than expected demand for products like the iPhone. The iPhone SE with its lower price point and the lower prices of the iPhone 11 has also contributed to higher sales.
This news comes after Tim Cook was named on the billionaire’s list for the first time and Jeff Bezos of Amazon raising his net worth by billions to $180 billion over the pandemic.
This story is updating…