InvestorQ : With Apple touching $2 trillion in market cap, how much further can it go?
diksha shah made post

With Apple touching $2 trillion in market cap, how much further can it go?

Answer
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Archita Jajjoo answered.
2 months ago


That is very hard to predict because Apple has been one of the biggest growth stories in the world over the last 10 years. On 19 August, Apple became the first company in the world to organically, meaning without any sudden spurt, cross the $2 trillion market cap mark.

Earlier, Saudi Aramco had seen a $2 trillion valuation on listing but that could not be sustained due to the COVID pandemic and the weak oil prices. Interestingly, today the market cap of Apple is bigger than the GDP of Brazil, Italy, Canada or Russia.

Apple, has gained nearly 57% since the beginning of 2020, which is amazing in tough markets. More surprising part is that since Mar-20, the market cap of Apple has doubled from $1 trillion to $2 trillion. Apple is expected to launch 5G I-Phone shortly.

Many sceptics had written off the Apple growth story after the death of Steve Jobs in 2012. However, Cook has built an amazing company that has focused on monetizing all the efforts of the Apple team over the years. That is what makes the story sustainable.