Apple is officially a $2 trillion company. Here’s how the iPhone-maker’s market value has skyrocketed since going public in 1980. (AAPL)

  • Date: 19-Aug-2020
  • Source: Markets Insider
  • Sector:Financial Markets
  • Country:GCC
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Apple is officially a $2 trillion company. Here’s how the iPhone-maker’s market value has skyrocketed since going public in 1980. (AAPL)

Apple officially became a $2 trillion company on Wednesday. 

The iPhone-maker hit the $1 trillion milestone in August 2018, 38 years after becoming a publicly traded company and about 24 months before hitting hit this latest benchmark. 

Despite the coronavirus outbreak, Apple has continued to outperform Wall Street's expectations, due in large part to Apple CEO Tim Cook's emphasis on services and wearables.

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Apple is officially a $2 trillion company. 

The iPhone-maker hit the benchmark on Wednesday, becoming the first US company to reach that market value and maintaining its position as the world's most valuable company ahead of oil giant Saudi Aramco. Apple hit the milestone after its stock reached an all-time high of $467.84 per share on Wednesday morning. 

Almost exactly two years ago, on August 2, 2018,