Apple has become the first public company to hit the magic milestone of having a $2 trillion market capitalization, just two years after it crossed the $1 trillion mark.
Market cap is the value of a share multiplied by number of shares, thereby seen as the overall value of a publicly traded firm. Apple has seen its stock almost double this year off of COVID pandemic lows in March. Investor confidence rebounded as Apple delivered strong revenue growth in many business divisions last quarter, with its services division offering promising monetization opportunities over the next few years.
The post Apple becomes first public company to reach a $2 trillion market cap appeared first on 9to5Mac.
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