{"id":36024,"date":"2020-08-20T21:40:29","date_gmt":"2020-08-20T16:10:29","guid":{"rendered":"http:\/\/officechai.com\/?p=36024"},"modified":"2020-08-20T21:41:50","modified_gmt":"2020-08-20T16:11:50","slug":"apple-first-us-company-touch-2-trillion-market-cap","status":"publish","type":"post","link":"https:\/\/officechai.com\/stories\/apple-first-us-company-touch-2-trillion-market-cap\/","title":{"rendered":"Apple Becomes First US Company To Touch USD 2 Trillion Market Cap"},"content":{"rendered":"

It was only a few years ago that the world had got its first trillion-dollar company — it now has a 2 trillion dollar company.<\/span><\/p>\n

Apple has become the first US company to touch a 2 trillion dollar market cap. It reached the milestone last night when its stock rose 1.4% to $468.7 in midday trading on a rally that has been driven by strong earnings results and optimism over its new iPhone. Saudi-owned Aramco<\/span> <\/a>had become the first company in the world to touch a $2 trillion market cap in December last year, but currently has a valuation of around $1.8 trillion. Apple too didn’t hold on to the $2 trillion mark for too long, ending the trading day at a market cap of $1.98 trillion.<\/span><\/p>\n

\"apple\"<\/span><\/p>\n

But what’s more incredible about Apple’s achievement is that Apple had become<\/span> <\/a>a $1 trillion dollar company just two years ago — Apple had hit the $1 trillion landmark for the first time on 2nd August 2018. Apple had been founded all the way back in 1977, and it had taken the company 42 years to go from zero to $ 1 trillion. It has, however, taken Apple just two years to go from $1 trillion to $2 trillion.<\/span><\/p>\n

It can seem hard to wrap your head around how much money $2 trillion is. Apple’s $2 trillion market cap is more than the GDP of all but 7 countries — only the US, China, Japan, Germany, India, UK and France have GDPs more than $2 trillion. $2 trillion is also equal to the entire market cap of listed companies in India — the sum of the market values of all listed companies in India is around $2 trillion.<\/span><\/p>\n

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Apple m-cap = India's m-cap
Just amazing https:\/\/t.co\/AzaaSnO0zN<\/a><\/p>\n

— Varinder Bansal \ud83c\uddee\ud83c\uddf3 (@varinder_bansal) August 19, 2020<\/a><\/p><\/blockquote>\n