The $2 trillion ‘question’: How Apple became the most valuable tech company in the world

Cupertino-based tech giant Apple yesterday created history as it became the most valuable tech company on the planet. Apple’s market value touched a whopping $2 trillion and it is now the most valuable publicly traded company in the world. Analysts believe that the valuation — though symbolic in nature — does show Apple has done really well even in the face of a global pandemic. Here we tell you the factors — and some other interesting details — that have played a critical role in Apple becoming a $2 trillion company.

In August 2018, Apple hit the $1 trillion mark and now just over two years later, it has hit the $2 trillion milestone.

While the march to $1 trillion might have been on the shoulders of iPhone, Apple’s Services business and other products have played an important role in the $2 trillion journey.

The Services business — includes App Store, Apple Music, Apple Care among others — has doubled the revenues in the last four years. It is expected to cross more than $45 billion.

During its investors call in July, Apple revealed that the revenue from Mac devices has gone up by 22% in the last one year.

Like the Mac, the iPad too brought in impressive numbers for Apple. In the quarter ending in June, revenue from iPad was up 31% compared to last year.

The active installed base for both products reached a new all-time high, Apple revealed during its quarterly earnings call recently.

Wearables, which include the Apple Watch, too have been raking in the moolah for Apple.

Apple dominates the true wireless headphones market and it is estimated that it may sell over 100 million AirPods by the end of next year.

Google parent Alphabet, Amazon and Microsoft all followed Apple in the $1 trillion club. However, today their market caps trail Apple's by billions of dollars.