Apple Becomes First US Company To Attain USD 2 Trillion Market Value

Apple became the first publicly listed US company with a $2 trillion stock market value on August 19. This comes just two years after it became the first to reach USD 1 trillion. Based on a share count of more than 4.275 billion, Apple broke the barrier just before 11 am ET, when its price rose to $467.77. However, Apple fell below the $2 trillion mark as the day moved on, and shares closed at $462.83, giving it a market cap of about $1.98 trillion. Apple's revenue grew across every category and all of its geographical regions in the June quarter, even as the coronavirus crisis caused the US economy to collapse at its worst rate since the Great Depression. Started in the garage of co-founder Steve Jobs in 1976, Apple has pushed its revenue beyond the economic outputs of Portugal, Peru and other countries.

(The above story first appeared on LatestLY on Aug 20, 2020 03:45 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).