Apple Crosses Historic $2 Trillion Market Valuation
Apple briefly surpasses a $2 trillion market capitalization as a broader tech rally drives its stock up nearly 60% this year. This massive valuation milestone benefits the entire startup ecosystem by boosting private market confidence.
Apple briefly surpasses a $2 trillion market capitalization in early trading, driven by a broader market rally that lifts the tech sector to new highs. The iPhone maker sees its shares climb over 59% in 2020, a remarkable surge that far outpaces its recent 11% year-over-year revenue growth and 18% earnings per-share increase.
This historic milestone highlights the staggering growth of the "Big Five" American tech companies, with Apple and Microsoft alone now holding a combined valuation of around $3.6 trillion. The strong market rebound follows the sharp economic lows of the early COVID-19 pandemic, as investors bet heavily that digital service providers emerge from the crisis in positions of even greater strength.
This soaring public market enthusiasm brings significant benefits to the broader technology startup ecosystem. Higher tech valuations make private shares more attractive, which ultimately helps startups secure better terms during funding rounds, IPOs, and acquisition negotiations.