As per latest publications iPhone-maker’s Apple Inc. (AAPL) is now priced at $2 trillion in the stock market. This landmark has never been achieved by any US company before.
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Another impressive aspect is that this landmark is attained just two years after the company hit the trillion milestones back in 2018.
Company’s share price spiked to $467.77 in the early trading following the news.
There is only one other enterprise in the world, Aramco of Saudi Arabia that has managed to accomplish 2 trillion mark. However, its value declined after hitting the milestone and Apple (AAPL) bested it to list itself as worlds most priced listed firm ever.
Another impressive fact is that Apple’s stock price rose more than 50% in extremely testing 2020, as the coronavirus resulted closing down retail stores and even US Government’s political pressure over the company’s acquaintances to China.
Moreover, Apple Inc. shares have almost doubled its value since its low in the end of first quarter of 2020, when fright about the coronavirus pandemic hit the markets.
While the whole planet was shaking due to pandemic, Technology giants around the world have done so well during the time. All tech giants’ stock value has seen notable growth during the last six months.
Apple (AAPL) reported impressive number in the 3rd quarter as it posted $59.7 billion of revenue and significant growth in its products and services segments.
Online sales giant Amazon (AMZN) is the next big fish in the US listed firms and is valued more than $1.7 trillion. Alphabet (GOOG) is worth just above $1 trillion.
