Apple has become the first big tech firm to reach a market cap of $2 trillion. Since the beginning of the COVID-19 pandemic, Apple has seen a sharp rise in the price of its shares.
In August 2018, Apple became the first of the big tech companies to become valued at $1 trillion after 42 years in existence. Now, just two years after achieving that goal, the firm has become the first to be valued at $2 trillion. The Cupertino firm officially passed the $2 trillion mark just before 11 AM Eastern Time when its stocks rose to $467.77 before falling back to around $465. Apple’s sharp rise in market value comes at a time when it has been forced to shutter stores around the world due to the on-going coronavirus pandemic.
