As of today, Apple is the first publicly traded United States company to hit a market cap of $2 trillion USD. Based on a share of over 4.275 billion, the Cupertino tech company broke the milestone before 11 am EST when its price rose to $467.77 USD.
Apple originally reached the $1 trillion USD barrier on August 2, 2018, where it was expected the iPhone maker would be the first company to reach the $2 trillion USD mark. However, similar tech companies conglomerates like Amazon, Microsoft, and Alphabet hit the $1 trillion USD soon after. On July 31 of this year, Apple surpassed state oil giant Saudi Aramco to become the world’s most valuable publicly-traded company.
Apple’s shares have risen close to 60% year to date, despite the coronavirus pandemic bringing several companies to its knees. Earlier in July, the company shared a historically record-breaking third-quarter $59.7 billion USD revenue rake-in, including double-digit growth in its products and services. Apple also saw several stores close during the quarter, especially in the United States, as well as various factory closures.