Apple has just become the world’s most valuable company by hitting market capitalisation of USD 2 trillion (~RM 8.34 trillion). This is after its stock price on NASDAQ exceeded the USD 467.77 (~RM 1952) mark earlier today.
As the story goes, Apple is the second such company to hit the mark after Saudi Aramco, which is a petroleum company owned by the Saudi Arabia government, achieved it last December. As a comparison, the market capitalisations of Amazon, Microsoft, and Google are currently around USD 1 to 1.5 trillion each.
Interesting enough, it was only two years ago that Apple has just hit the USD 1 trillion market cap’s mark. Furthermore, the company managed to achieve this at a time where many companies throughout the world have been affected heavily by the global outbreak of COVID-19.
The timing of the USD 2 trillion market valuation is quite apt as well since the next-generation iPhone lineup is expected to be revealed very soon. Not only that, it has also been rumoured that the company is working on subscription bundles that would enable customers to obtain multiple Apple services with just a single monthly fee, instead of having to subscribe them individually.