Apple became the first company in US history to reach $ 2.5 trillion in market capitalization. The Cupertino tech giant hit its all-time high on August 30, 2021, when its stock rose more than 3% to $ 153.12 per share.
Note that this is the best performance in Apple history at close of trade, adjusted for stock split. Above this value, the value of securities rose on the same day – $ 153.49. Against the backdrop of the rise in share prices, the market capitalization of the US company was $ 2.531 trillion. Note that Apple was the first in the United States to reach the $ 2.5 trillion mark. The psychological milestone of $ 2 trillion was also able to overcome only Microsoft ($ 2.281 trillion), and $ 1 trillion was conquered by Alphabet ($ 1.934 trillion), Amazon ($ 1.733 trillion) and Facebook ($ 1.073 trillion).
The total market capitalization of the five US companies is $ 9.552 trillion. This is just $ 2.5 trillion more than the capitalization of Saudi Aramco, the national oil company from Saudi Arabia ($ 7.05 trillion).
Returning to the Apple topic, we note that shares began to rise in price after the publication of the report on financial results for the period from April 28 to June 28, 2021 (the third fiscal quarter for Apple). The manufacturer increased its revenue by 36% over the year, and its net profit – by 93% (to $ 81.74 billion and $ 21.74 billion, respectively). Recall that Apple became the first American company to increase its market capitalization to $ 2 trillion. It happened in 2020.