Tech giant Apple has hit an astonishing milestone✌️ in the business world.
It has become the first publicly traded U.S. company to reach a market capitalization of over $2 trillion😳.
Apple is overall ☝️the 2nd company to have ever achieved this remarkable market figure.
Saudi Arabia’s state oil🛢️ giant, Aramco was the 1st company to do so in Dec. 2019 soon after its public listing.
Presently, Aramco’s market cap is well below the 2 trillion mark😑.
In fact, Apple overtook⏩ Aramco to become the world’s most valuable publicly-traded company at the end of July.
”Reaches a different league”
Apple’s market cap is now way much more😎 than that of other U.S. tech giants, including Microsoft ($1.7 trillion), Amazon ($1.6 trillion), Google parent Alphabet ($1.1 trillion) and Facebook ($761 billion).
As a matter of fact, it is also more than the GDP of several major countries🗺️, such as Italy, Brazil, Canada, Russia, South Korea, etc.
Been on a roll
Apple’s market value has doubled over the past two years🗓️.
In Aug. 2018, it became the first ever company to have reached a $1 trillion market cap🙂.
Apple’s share price has risen📈 nearly 60% since the start of the year on the back of double-digit growth in the sales of its products and services segments.
The company’s 3rd-quarter revenue💰 was nearly $60 billion.
Remarkably, Apple has even managed to override the Covid-19 pandemic😷.
Although it had to close down its retail outlets, especially in the U.S, it benefitted from work-from-home👨🏻💻 trends and strong online sales that eventually boosted its overall operations.