Apple hit a new milestone on Wednesday, becoming the first publicly traded U. S. company to reach a market capitalization of over $2 trillion and doubling in valuation over the last two years. At $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. Apple shares are about to get more affordable for investors, too. 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. While the value of the company will remain the same, there will now be more shares available trading at lower prices. Apple has thrived during the pandemic, as many people were forced to stay at home. The company has benefited from work-from-home trends and strong online sales; It posted record third-quarter earnings in late July, with nearly $60 billion in revenue, not to mention double-digit growth in its products and services segments. Could Competition From Apple Derail Peloton? Not So Fast, Analysts Say (Forbes)Apple, Microsoft, Amazon, Google And Facebook Make Up A Record Chunk Of The S&P 500. Here’s Why That Might Be Dangerous (Forbes)


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