On Wednesday, Apple Inc. smacked a market capitalization of $ 2 trillion, double its valuation in just two years. Apple was the first publicly traded US-based company to reach $1 Trillion, and now it is the first one to reach a $2 Trillion market cap. It is followed by Amazon.com Inc. and Microsoft Corp in the second and third places respectively with market caps below $ 1.7 trillion.
Apples’ shares shortly went as high as $468.65 yesterday, placing it at $ 2.004 trillion market capitalization and thus topped the GDP of countries like Spain, Mexico, South Korea, and Australia.
Despite the Coronavirus pandemic, the Apple stocks have risen around 59 per cent in 2020, with positivity over the release of iPhone 5G.
Apple was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne.