In August of 2018, Apple became the first technology company to be valued at $ 1 trillion after 42 years of operation.
Two years after achieving this goal, the company became the first to be worth $ 2 trillion.
The Cupertino-based company officially crossed the $ 2 trillion mark yesterday, when its share price rose to $ 467,79 before falling to $ 465.
The sharp rise in Apple's value comes at a time when it has been forced to close stores around the world due to the ongoing coronavirus pandemic.
At the start of the pandemic, Apple's share price had fallen to $ 224 from $ 324 last month. But with the aftermath of the pandemic, Apple stocks began to recover much faster.
Amazon, Microsoft and Alphabet have also seen sharp increases in their share prices since the pandemic began. The technology sector has been one of the few to benefit during COVID-19 as more and more people are being forced to turn to digital solutions to keep working.
Depending on how long COVID-19 hits societies, we could see the current rate hike in technology companies continue for some time. So it is very likely that some of the aforementioned companies will reach $ 2 trillion.
As we move forward and the state of the global economy begins to ease job losses, it will be interesting to see what happens next to companies like Apple.
Apple is focusing on premium consumer products, but if public purchasing power begins to decline, current conditions could be reversed.
Weak buying traffic could make the public choose cheaper alternatives to Apple premium products.