Apple Makes Wall Street History by Breaking $2 Trillion Barrier
- Shares of the iPhone maker have more than doubled since March
- Apple and Saudi Aramco are only stocks to ever hit $2 trillion
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Apple Inc. made Wall Street history on Wednesday when its 2020 stock surge pushed the market value over $2 trillion, the first time a U.S. company has surpassed that level.
While it took Apple 38 years to reach its first $1 trillion in value, the next trillion only took two years after the company rapidly expanded its hardware ecosystem with more iPhones and new Apple Watches and AirPods, launched digital services and leveraged its base of 1.5 billion devices to generate more recurring revenue.