Apple, the tech giant that needs no introduction, is now the world’s most valuable company. Apple’s shares saw a positive slope from the past few days and recently crossed the $468.65 mark when the company’s app showed $2 trillion valuation. Apple became the second company in the world to cross that mark.
Saudi Arabia based oil firm Saudi Aramco is the first company to cross that mark. Due to the recent oil price shifts, the top positions got shuffled and Apple’s raising stock may keep the tech giant at the top position for a while. Amazon, Microsoft and Alphabet who crossed $1 trillion mark almost at the time of Apple crossing that milestone, were racing ahead for $2 trillion mark. They were behind Apple by few hundred of billions.
Apple decided to split the stock by 4:1 ratio and this move may make the stock more affordable for new investors. This might provide more value to the stock and a steady growth to the company, going forward.