Apple Becomes First U.S. Company to reach $2 Trillion Market Cap

Apple Becomes First U.S. Company to reach  $2 Trillion Market Cap

• Technology giant Apple Inc. has become the first publicly traded U.S. company to reach a market capitalization of over $2 trillion, after its share price climbed above $467.77 on 19 August 2020.
• Apple is also the world’s only second company to hit $2 trillion in market cap.
• Two years ago, on 2 August 2018, Apple became the first U.S. company to reach a $1 trillion market cap.
• Before this, Oil Major Saudi Aramco was the world’s first and only publicly listed company to reach a $2 trillion market value in December 2019.

Points to Remember:

1. Name the first US company to reach the market cap of $2 trillion? Apple
2. Name the world’s first company to hit $2 trillion m-cap? Saudi Aramco

Source: Business Standard