iPhone Maker Apple Inc Becomes First Company In The World To Surpass Market Capitalisation Of $2 Trillion
iPhone Maker Apple Inc Becomes First US Company To Hit $2 Trillion In Market ValueRumoured iPhone 12 concept images (Apple Insider)

United States (US) based tech giant Apple Inc has become the first publicly listed company to surpass the market capitalisation of $2 trillion, reports Business Standard.

Apple's share prices have surged by as much as 57 per cent since the beginning of the year, despite the blowout quarterly results in July month owing to the COVID-19 pandemic. This comes as the Wall Street investors have reposed faith in the iPhone ecosystem's prospects of further growth in the post-coronavirus world.

The company was able to get its loyal base of customers to shop for iPhones, iPads and Mac PCs online at a time when the traditional brick-and-mortar stores had remained shut due to the pandemic induced adverse circumstances.

It should be noted that with Amazon, Microsoft and Alphabet-owned Google all holding a market capitalisation of more than a trillion dollars, the big US technology behemoths are together worth more than $6 trillion.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement