It took Apple 42 years to reach $1 trillion in value. It took it just two more years to get to $2 trillion. Even more stunning: All of Apple’s second $1 trillion came in the past 21 weeks, while the global economy shrank faster than ever before in the coronavirus pandemic. As recently as mid-March, Apple’s value was under $1 trillion after the stock market plunged over fears of the coronavirus. Since then, the stock market — and particularly the stocks of Apple, Microsoft, Amazon, Alphabet and Facebook — has largely soared, with the S&P 500 hitting a new high on Tuesday.

Source: New York Times August 19, 2020 14:55 UTC