Apple Becomes First U.S. Company Worth More Than $2 Trillion

Posted on AllSides August 19th, 2020
From The Center
ANALYSIS

Apple hit a new milestone on Wednesday, becoming the first publicly traded U.S. company to reach a market capitalization of over $2 trillion and doubling in valuation over the last two years.

The iPhone maker’s stock is up almost 55% so far in 2020, and shares have rallied more than 106% since the market hit a low point amid the coronavirus recession on March 23 (compared to the benchmark S&P 500’s gain of 51% over that period).

Now trading at nearly $470 per share, Apple’s stock is at an all-time...

Read full story
Some content from this outlet may be limited or behind a paywall.

Forbes

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
106752/84350
See full bias rating for Forbes
Learn about media bias
https://www.forbes.com/sites/sergeiklebnikov/2020/08/19/apple-becomes-first-us-company-worth-more-than-2-trillion/

More News about Business from the Left, Center and Right

From the Left

From the Center

From the Right