Apple first US company to be valued at US $2tn

Apple first US company to be valued at US $2tn

By Naveel Krishant
Thursday 20/08/2020
Apple boss Tim Cook. [Image: BBC.co]

Tech giant Apple has become the first US company to be valued at US $2tn on the stock market.

It reached the milestone just two years after becoming the world's first trillion-dollar company in 2018.

Its share price hit $467.77 in mid-morning trading in the US on Wednesday to push it over the $2tn mark.

The only other company to reach the $2tn level was state-backed Saudi Aramco after it listed its shares last December.

But the oil giant's value has slipped back to $1.8tn since then and Apple surpassed it to become the world's most valuable traded company at the end of July.


[Source: BBC]

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