The iPhone maker passed $2tn in 2020, during the COVID-19 pandemic that has stoked demand for personal electronics and digital services, and reached over $1tn in 2018.
It also marks the latest accomplishment for Tim Cook, who became chief executive of Apple in 2011 shortly before the death of the company’s co-founder Steve Jobs. “It just shows you how far Apple has come, and how dominant it is seen as in the majority of investors’ eyes.”Scott Wren, the senior global market strategist at Wells Fargo Investment Institute, said: “The market is rewarding companies that have strong fundamentals and balance sheets, and the companies that are hitting these sort of huge market caps have proven they are strong businesses and not speculation.
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