On Wednesday, Apple Inc made Wall Street history when its 2020 stock surge pushed the market capitalization past $2 trillion, the first time a publicly traded US company has surpassed that level, underlining the iPhone maker’s significant role in the global economy.
Shares of the Cupertino-based company rose as much as 1.4% to nearly $468.7 in midday trading.
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At $2 trillion, Apple’s market value is now higher than the GDP of several countries like Canada, Italy, Brazil to name a few.
Driven by excitement about the impending launch of the iPhone 12, investors are in love with Apple thanks to growing sales for subscription services like iCloud, Apple Music, Apple TV+ and Apple Arcade.
