Apple Becomes Wall Street’s First $ 2 Billion Company | Apple

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Apple became America’s first $ 2 trillion company, just two years after becoming the first company to be valued at $ 1 billion by Wall Street.

The tech powerhouse behind the iPhone was expected to hit a share price of $ 467.77 to hit the milestone and briefly broke that barrier during Nasdaq trading day on Wednesday.

The $ 2 billion (£ 1.52 billion) valuation means the company, co-founded to sell personal computers by the late Steve Jobs in 1976, is valued at well over half of America’s tax intake in 2019.

Apple reached a market cap of $ 1 billion in 2019, 42 years after its inception and 117 years after US Steel became the first company to be valued at $ 1 billion in 1901.

But it’s not the first company in the world to cross the $ 2 billion mark.

Saudi Aramco achieved the watermark after the Saudi state-backed oil company debuted on the stock exchange last year.



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