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Apple Becomes First U.S. Public Company to Hits $2 Trillion Market Value

Apple Becomes First U.S. Public Company to Hits $2 Trillion Market Value
Image Credits: MacRumors.com (via Instagram)

Apple stock price is continuing to go up and up, and now the company hits $2 trillion market value to become the first U.S. public company to achieve this goal. According to MacRumors report, “just over two months ago, Apple became the first U.S. company to reach a market capitalization of $1.5 trillion, and Amazon and Microsoft have since also passed that mark, Apple was also the first company to hit the $1 trillion mark just over two years ago.”

AAPL stock fell to lows of $230 in march amongst the spread of the coronavirus during lockdowns, after that Apple close all of its retail stores worldwide.

Market cap is the value of a share multiplied by the number of shares. AAPL stock exceeded $2 trillion market cap when it crossed the $467.77 level. See the screenshot below:

Apple Becomes First U.S. Public Company to Hits $2 Trillion Market Value

But when I checked the AAPL stock market today morning it goes down to $1.98 trillion marks. See the screenshot below:

Apple Becomes First U.S. Public Company to Hits $2 Trillion Market Value

Later this year Apple expected to bring an unnamed service called the “Apple One” bundle, and investors are excited by the possibilities of Apple’s content subscription services to drive more revenue. Apple One subscription will including popular Apple services like Apple TV+, Apple News+, and Apple Arcade.

Read More about the Apple upcoming service “Apple One“.

Source: Google Finance


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Apple Becomes First U.S. Public Company to Hits $2 Trillion Market Value