Apple just crossed the $2 trillion market capitalisation mark

Apple has just crossed the $2 trillion market capitalisation mark today when its shares climbed 1.2 percent to $467.78 in morning trading. , This makes it the first US company to achieve this feat but the 2nd one globally after Saudi Aramco. Saudi Aramco achieved this feat in December 2019 when it became publicly quoted.

Interestingly, Apple shares has gained nearly 60% this year despite the COVID-19 pandemic which saw the shutdown of factories that produced the iPhone and the closure of its retail stores.

A couple of days, Apple overtook Saudi Aramco to be the most valuable company in the world with a valuation of $1.84 trillion, with Saudi Aramco’s at $1.76 trillion.

It took Apple just two years to achieve the $2 trillion valuation mark after it became the first US company to reach $1 trillion. By the way, it took Apple 42 years to reach the $1 trillion value.

Apple is one of the big tech giants that have benefitted from the ongoing COVID-19 pandemic. Others include Facebook, Amazon, Google and Microsoft. In fact two of these tech giants, Microsoft and Amazon, are inching towards the $2 trillion mark also. They are currently at $1.6 trillion and Google is worth over $1.0 trillion.