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Apple hits $2 trillion in market valuation, punctuating Big Tech's grip

Becomes first US firm to reach the milestone

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Apple became the first US company to hit a $2-trillion valuation when its shares climbed 1.2 percent to $467.78 in morning trading

Jack Nicas | NYT
It took Apple 42 years to reach $1 trillion in value. It took it just two more years to get to $2 trillion.

Even more stunning: All of Apple’s second $1 trillion came in the past 21 weeks, while the global economy shrank faster than ever before in the coronavirus pandemic. On Wednesday Apple became the first US company to hit a $2-trillion valuation when its shares climbed 1.2 percent to $467.78 in morning trading. It was another milestone for the maker of iPhones, Mac computers and Apple Watches, cementing its title as the world’s most valuable public company and
Topics : Apple

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First Published: Aug 20 2020 | 1:42 AM IST

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