Apple became the first company in history to be worth $2 trillion. AAPL shares traded $467 and above on Wednesday, taking it over the threshold.
AAPL Clears $2 Trillion Threshold
AAPL stock opened the day at $463.94 a share, before climbing to over the $467 a share mark. The steady increase in the value of Apple shares over the last few days has also seen CEO Tim Cook become a billionaire for the first time (via CNN Business). It comes as the company has tried to balance slowing iPhone sales with additional offerings in the services sector.
Apple first cleared the $1 trillion threshold back in August 2018. It dropped below that, before returning in September 2019. The company recorded positive results in the last quarter, and the the AAPL stock price has generally continued to rise since then, leading to today’s landmark moment.