What might sound like sorcery, Apple reached $2 trillion market cap in a frame of two years, after becoming the first company globally to touch the $1 trillion mark in 2018. The news broke on late Wednesday sent waves of surprises and glee among the office bearers and investors.
Interestingly, the iPhone maker now accounts for approximately seven per cent of the total market value of the S&P 500.
The combined value of 200 smallest companies listed in the S&P 500 is equivalent to that of Apple, currently. On the other hand, Amazon and Amazon are right behind Apple with $1.6 trillion market capital apiece, making them among the top valued conglomerates in the US. Alphabet, the parent company of search engine Google comes behind them with little over $1 trillion of the market cap.