Illustration by Alex Castro / The Verge
Apple has become the first US company to hit a market cap of $2 trillion. It’s an arbitrary milestone but a significant one all the same, testimony to the pandemic-defying performance of the iPhone maker. It’s also been just two years since Apple hit a $1 trillion market cap, meaning the company has essentially doubled in value in just over 24 months.
Apple is not the first company in the world to hit the $2 trillion benchmark. Saudi Aramco, the gas and oil giant headquartered in Saudi Arabia, did so first. Aramco briefly hit the $2 trillion mark in December 2019 but has since dropped below that figure as its stock price wavers. Apple surpassed it as the world’s most valuable company on August 4th, 2020.
Today, shares in the company...
