Apple’s market cap now eclipses that of other U.S. tech giants, including Microsoft ($1.7 trillion), Amazon ($1.6 trillion), Google parent Alphabet ($1.1 trillion) and Facebook ($761 billion). Apple was also the first U.S. company to reach a $1 trillion market cap, which it did just over two years ago, on August 2, 2018. While Saudi Aramco surpassed a $2 trillion valuation in December 2019, plunging oil prices amid the coronavirus pandemic have since hurt its stock. Surprising factAt $2 trillion, Apple’s market value is now higher than the GDP of numerous developed countries, including Italy, Brazil, Canada, Russia and South Korea, to name a few. The company will finalize its four-for-one stock split at the end of August, which means a single share will be worth around $117.

Source: Forbes August 19, 2020 16:07 UTC