A successful launch of a 5G phone is likely to make Apple a $2 trillion market cap company.

The launch is expected to happen next month.

Last night the Nasdaq closed with Apple’s shares $16 short of the $467 price which would make Apple the first commercial company to be valued at $2 trillion.

At last night’s share  price of $451 the company was valued at $1.93 trillion.

The 5G launch is a major transition for Apple as it’s the company’s first 5G capable handset and it is expected that a third of the world’s 900 million iPhone users will buy it.

When Tim Cook took over from Steve Jobs in 2011 the company had a market cap of $350 million.

Apple’s value has outpaced fellow tech titans Amazon and Microsoft – which are valued at $1.5 trillion apiece – Google, valued at $1.01 trillion and Facebook valued at $748 billion.