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Apple becomes 1st US company to hit $2 trillion in market value

by French Press Agency - AFP

NEW YORK Aug 19, 2020 - 6:29 pm GMT+3
The sun is reflected on Apple's Fifth Avenue store in New York City, New York on June 16, 2020. (AP Photo)
The sun is reflected on Apple's Fifth Avenue store in New York City, New York on June 16, 2020. (AP Photo)
by French Press Agency - AFP Aug 19, 2020 6:29 pm

Apple on Wednesday became the first U.S. company to reach $2 trillion in market value in the latest demonstration of how tech giants have benefited amid the upheaval of the coronavirus outbreak.

The iPhone maker attained the distinction in mid-morning trading and was up 1.3% at $468.34 near 1500 GMT. In March 2018, Apple became the first giant to hit $1 trillion in market value.

Apple is followed by other technology companies, including Amazon, Microsoft and Google parent Alphabet, all of which now have more than $1 trillion in market value.

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