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21 Aug 2020

Friday Tidbit: Apple Inc.

It took 42 years for Apple Inc. to become the first listed company in the United States to be valued at a US$1 trillion dollars and only 2 more years to be the first to reach US$2 trillion mark in market capitalisation. Market capitalisation is calculated by multiplying the total number of shares on issue by the current share price.

That is 2,000 billion dollars or US$2,000,000,000,000.

Just confirms that money makes money and that the COVID-19 Pandemic has not been bad news for all business.

Click for chart.


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