Apple is worth US $ 2 trillion: value of a company born in a garage is already higher than the GDP of 95% of the countries
Apple CEO Tim Cook; company making iPhones surpassed the $ 2 trillion market cap
The tech giant Apple has become the first American company to reach $ 2 trillion in the stock market. This amounts to more than R $ 11 trillion.
It drew attention to the fact that the company reached this milestone just two years after being the first American company to reach a market value of $ 1 trillion in 2018.
The value is so high that, to help dimension it, it has been compared to the Gross Domestic Product (GDP) of the richest countries in the world. Only eight of the more than 190 countries registered GDP with a nominal value starting at $ 2 trillion in 2019: the United States, China, Japan, Germany, India, the United Kingdom, France and Italy.
Thus, the record in Apple's market value even exceeds Brazil's GDP in 2019, which was the equivalent of US $ 1.84 trillion.
hares of the iPhone maker jumped more than 50% this year, despite the coronavirus crisis forcing retail stores to close and political pressure on their links with China. The stock price doubled from its lowest point in March, when panic over the coronavirus pandemic affected markets.
Apple hit the $ 2 trillion market cap just two years after reaching $ 1 trillion
Technology companies, which have stood their ground despite isolation rules, have seen their stocks soar in recent weeks - even as the United States is in recession.
Apple released robust figures for the third quarter in late July, including $ 59.7 billion in revenue and double-digit growth in its product and service segments.
Amazon and Microsoft are behind Apple on the list of most valuable US publicly traded companies, each with about $ 1.6 trillion.
'Impressive achievement'
The rapid rise in Apple's stock price is "an impressive feat in a short period of time," said Paolo Pescatore, technology analyst at PP Foresight.
"The past few months have highlighted the importance of people and homes having better quality devices, connections and services, and with Apple's broad portfolio of devices and a growing offering of services, there are abundant opportunities for future growth."
He added: "All eyes are now on the eagerly awaited iPhone 5G, which will further fuel consumer demand."
Apple was founded by Steve Jobs in 1976 in a garage in California. Since then, it has evolved from selling Mac phones and computers to becoming a pioneer of the mobile revolution with a legion of fans around the world.
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