BERKELEY, Calif. (AP) — Apple has become the first U.S. company to boast a market value of $2 trillion as technology continues to reshape a world where smartphones are like appendages and digital services are like instruments orchestrating people’s lives. The iPhone maker reached the $2 trillion milestone in Wednesday’s stock market trading, just two years after Apple became the first U.S. company with a $1 trillion market value.
It comes amid a devastating pandemic that has shoved the economy into a deep recession. Despite the tough times, many analysts believe Amazon, Microsoft and Google’s corporate parent could soon join apple in the $2 trillion club.
Now that Apple has exceeded a market cap of two trillion dollars it finally has the resources it needs to give Siri the ability to set multiple timers.https://t.co/jlWJmC8Em4
— Dieter Bohn (@backlon) August 19, 2020
🤑🤑🤑 Apple becomes the first U.S. public company to bag $2 trillion valuation: https://t.co/pSwd6lyJim pic.twitter.com/opSI56tMBq
— Complex (@Complex) August 19, 2020
