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Business Wars Daily

Apple, Microsoft Become First American Companies Worth $1.5 Trillion -- On the Same Day

Business Wars Daily

Wondery

News, Daily News, Business News, Business

4.6716 Ratings

🗓️ 15 June 2020

⏱️ 8 minutes

🧾️ Download transcript

Summary

Today is Monday, June 15, and we’re looking at Apple vs. Microsoft.

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Transcript

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0:00.0

Wonderly Plus subscribers can listen to Business Wars daily ad-free right now.

0:04.8

Join Wonderly Plus in the Wondery app or on Apple Podcasts.

0:08.5

If you or someone you care about has cancer,

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Macmillan Cancer Support's online community is here to help from day one.

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Macmillan's free online forum provides a safe space to get support from both experts and others who've been

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there. Members support each other anonymously, sharing what's helped them on a range of subjects,

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from dealing with side effects such as hair loss and fatigue, to money worries and managing work,

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or talking with children about a diagnosis. There are different forums on cancer types or experiences,

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Find support 24-7 from people who get what it's like to have cancer.

0:46.7

To join, search McMillan online community.

0:49.2

Thank you. Wondry. I'm David Brown, and this is Business Wars Daily on this Monday, June 15th.

1:08.3

Last Wednesday, Apple became the first publicly traded American company

1:12.1

to reach a $1.5 trillion dollar valuation. That's right. The Silicon Valley superstar

1:17.8

continued its sky-high trajectory, despite being closed to foot traffic all over the world since

1:23.3

March. Perhaps even more remarkable than the news of Apple's record-breaking valuation was that

1:29.4

the same day, Microsoft also crossed the $1.5 trillion mark. Share prices of Google and Amazon shot up

1:37.4

as well, although their market valuations didn't quite achieve such celestial levels.

1:42.5

Prior to Wednesday, the only publicly traded company in the world

1:45.2

worth that much was oil company Saudi Aramco. It went public last December. So why the sudden

1:51.8

jump in the market? Analysts say investors like big tech right now, because lockdowns have made

1:57.5

us more dependent on technology for work and leisure than ever before.

...

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