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Apple First Public U.S. Company to Hit $2 Trillion in Valuation

Cupertino-based Apple became the first public U.S. company to eclipse a market value of $2 trillion on Wednesday, before its stock slipped to just below that mark later in the day, closing at $1.98 trillion in market value. Interestingly, it was exactly two years ago in August 2018 that the consumer tech products giant reached a market valuation of $1 trillion, another first for a U.S. public company.

Record growth has been achieved under two different leaders, first with Steve Jobs, and now under Tim Cook. Apple continues to experience larger profits and increased sales, as well as realize record stock prices and higher valuation, despite the economic challenges arising from the COVID-19 pandemic.

The stay-home orders, school closures and business shutdowns over the past five months has translated into demand for technology that allows people to connect remotely. Apple has benefited from its wide range of products that meet the needs of those working or learning from home.

Apple has also experienced a surge in sales for its subscription services, Apple Music, iCloud, Apple TV+ and Apple Arcade. And, on the horizon is the impending launch of its next smartphone, the iPhone 12, which is expected to arrive this fall with 5G connectivity.

For comments, questions or concerns, please contact Dennis Kaiser

*Photo credit: Felix Mizioznikov / Shutterstock.com

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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