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Apple becomes first US company to hit US$2t in market value | Malay Mail

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NEW YORK, August 19 — Apple today became the first US company to reach US$2 trillion (RM8.34 trillion) in market value in the latest demonstration of how tech giants have benefited from the upheaval of the coronavirus. The iPhone maker attained the distinction in mid-morning trading and was up...

The iPhone maker attained the distinction in mid-morning trading and was up 1.0 per cent at US$467.02 near 1520 GMT. — AFP pic

The iPhone maker attained the distinction in mid-morning trading and was up 1.0 per cent at US$467.02 near 1520 GMT. The company had previously become the first giant to hit US$1 trillion in market value in March 2018. Shares in Apple have roughly doubled from March lows, an astonishing performance which has lifted chief executive Tim Cook’s net worth to US$1 billion for the first time, according to a Bloomberg Billionaires Index calculation.

 

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