In August of 2018, Apple became the first of the Companies technology that was 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 the previous month. But with the consequences of the pandemic, theissues of Apple began to recover their value at a much faster rate.
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 go along, the state of the global economy is starting to make it easier to lose seats work, it will be interesting to see what comes next with companies like Apple.
Apple focuses on premium consumer products products, but if the public's purchasing power begins to wane, the current conditions could be reversed.
The weak purchasing power movement could make the public choose cheaper alternatives to Apple's premium products.
