It is now official: Apple has reached the $2 trillion valuation mark. Let’s revisit the road from $1 trillion a mere 11 months ago, and discuss what investors should expect to see next. Trillian is available on Windows, Mac, Linux, iPhone, iPad, Android, and directly in your web browser. Apple hit a new milestone on Wednesday, becoming the first publicly traded U.S. Company to reach a market capitalization of over $2 trillion and doubling in valuation over the last two years.
On Wednesday, 21st of October Apple became the first company in the United States to reach $2 trillion in market value.
This huge growth is caused by there many products but the most popular one is the iPhone. Almost everyone is familiar with the iPhone these days.
Majority of their revenue comes from the single product which is the iPhone. Recently they earned a huge revenue from the iPhone 12 series. Thus leading them to more and more revenue.
Also Read: How Close is Science to Download the Human Brain?
Previously in March 2018, Apple was the first company in the US to hit $1 trillion In market value also.
In the last quarter of 2020 which ended in June, profits increased by 8%, and their revenue increased by 11%. This huge bounce made a total profit of $59.7 Billion.
“Apple has been wildly successful in building out its platforms, mitigating the fact that iPhone sales had peaked, by building products that surround it and services that enhance it,” said Avi Greengart
Apple’s Journey
Just two years ago, Apple became the first United States’ company to ever hit a trillion-dollar mark in market value. Yes, you heard it right, just two years ago and now they hit the two trillion dollar mark in market value.
In around two years, they jumped from 1 trillion dollar mark to two trillion dollar mark in market value. Now you might be wondering how they did it? How they became the first-ever company in the USA to hit a trillion-dollar mark? and how they hit another trillion-dollar mark within just two years?
So, let’s find out how Apple pulled it off.
Apple’s Revenue
Apple revenue is getting broader and broader day by day. They started with some products and now they are getting into many different industries like cars.
iPhone
Apple generates most of its revenue from the iPhone. I am pretty sure you are familiar with the iPhone. Yeah, that iPhone which used to come with a charger in the box but now there is no charger in the box.
Apple used to only make expensive and higher-end iPhones but now they are also coming to grab the middle-end market. Previously they launched their iPhone SE which was a huge success. I hope they come to this market with more of their products like their AirPods.
Other than the iPhone, Apple has many other products. They started with macOS, iPods, and then iPhone. But now they are going all-in even getting into the industry of cars.
Airpods
You know AirPods right? Yeah, when they removed the headphone jack and then sold the solution to it.
In 2016, with the release of the new iPhone, Apple removed the headphone jack and launched its AirPods for it. A lot of income comes from it. They have a very big market share in this category, but with time more and more companies are coming with new high-end AirPods with more features and also low-end AirPods with many features, this is the reason Apple’s market share is also dropping day by day in the AirPod’s category.
macOS
Apple’s main business which was the main driving force of the company at that time was an operating system. They not only make money by their operating system and adding different paid programs in it. But most of the revenue from this category comes from mac laptops.
Mac laptops have many different price categories. Other than Mac laptops, Apple also offers Mac Desktops and All in One Desktops called iMac. They are also going to launch Mac Mini. Recently, they introduced their all-new processor the M1 chipset.
So, you can say they have a pretty big market share in this category too.
Apple’s Softwares and Apps
As we talked earlier about Apple’s macOS which comes with different paid software like Final Cut Pro. iPhone also comes with many different paid apps like Apple Music which you have to pay on a monthly or yearly basis. So, this recurring revenue has very big potential in the long term game.
Apple is an old player in the technology game. But with time more and more companies are emerging, giving a tough competition to Apple. It will be good to see how Apple deals with it and keep growing.
So, feel free to write down your opinions so other readers can also see your thoughts.
Freddie Mac is celebrating its 50-year anniversary this week, highlighting the $10 trillion in funding the company has provided to the U.S. housing market since its inception.
Freddie Mac released an interactive map that breaks down its funding by state for both single-family homes and multifamily rental units it has financed since 1970. Of that $10 trillion dollars, the vast majority — $9.8 trillion — was utilized for single-family loan funding over the past 50 years, according to the data.
The map also showcases the 20 million affordable homes Freddie Mac has financed since 1990, and the 5.4 million affordable rental units the company has financed since 2010.
“As our company celebrates 50 years, we stand on the threshold of a new stage in our evolution as an organization, leading an industry poised for fundamental transformation and playing a critical, stabilizing role during a time of extreme volatility for our country,” said David Brickman, CEO of Freddie Mac.
Though Freddie Mac is commemorating its birth in the midst of a challenging era for America, the company said in a release Monday that the current situation only highlights its mission to support the stability of the housing market.
“Some have lamented that our company is reaching this milestone during a global pandemic. However, I believe it’s an important reminder of our critical mission and the vital countercyclical role we were created to play,” Brickman said. “Fifty years ago, our founding documents called for us to provide liquidity, stability and affordability to the U.S. housing market in any economic climate. Carrying out that mission from coast to coast and during good times and bad, is exactly what we are doing—and have always done.”
Under the direction of the Federal Housing Finance Agency, both Freddie Mac and Fannie Mae have extended their foreclosure moratorium and forbearance agreements as part of helping consumers during the pandemic.
Trillian For Mac
Trillion Machinery
In addition, Freddie Mac is the sponsor of HousingWire’s Forbearance FAQ landing page, which includes the latest news on forbearance and provides information for homeowners to better understand their forbearance options.