Apple is 1st US company to be valued at $2 trillion

first_imgApple is the first U.S. company to boast a market value of $2 trillion, just two years after it became the first to reach $1 trillion.Although multiple factories in China that produce the iPhone were forced to close due the coronavirus pandemic Apple shares have gained nearly 60% this year.Apple recently reported blowout earnings for the April-June quarter.An upcoming four-for-one stock split that will make Apple’s shares more affordable to more investors also sparked a rally after it was announced three weeks ago.Apple is 1 of 5 Big Tech companies taking over the stock market. Among those are Microsoft, Amazon, Facebook and Google’s parent company, which account for nearly 23% of the S&P 500’s entire value.last_img read more