Apple becomes first U.S. company to reach a $2 trillion market cap

Apple shares are up about 60% year to date, pushing through the coronavirus pandemic that has battered many companies. In the past year, shares have risen more than 120%.The company posted a historically strong third quarter in late July, including $59.7 billion in revenue and double-digit growth in its products and services. Apple saw widespread retail closures during the quarter, especially in the United States but said work-from-home trends and strong online sales boosted overall operations.

While the mark is largely symbolic, it does underscore CEO Tim Cook's success at changing the company's story. Investors have started seeing Apple's business less like other hardware makers and more like a software company, as indicated by Apple's quickly rising price-earnings ratio, which is now over 33.

Sweet

Briefly.

2 ಟ್ರಿಲಿಯನ್ $$$$ That's... That's... Wait, i might need few hours to figure out the number of 0s when I convert this into Indian Rupees!!!!

It’s becoming similar to gold, i.e. preferred store of value

Yea I missed it, thanks

Raise taxes on corporations and the wealthy

Time to buy some puts?

not real !

OmGolly. No one ever RTs your stuff. Lemme help. Any of you 30 or so peeps, think this is really really strange?

Doubling its price not its valuation. Price is what you pay, value is what you get.

I'm an $AAPL shareholder and I approve this message.

Damn....

I can barely listen to you these days. Do have thousands of SHORT positions out there? It's like you're praying for a Market Crash! The economy needs cheerleaders, not your constant gloom & doom. A financial advisor friend said switch to business for real non-sensational news!

Lot of hopium here. P/E pushing 40.

I hope Apple execs can find a way to put food on the table. It must be such a tough time for them during a pandemic.

The rich making the rich richer Don’t fall for this pump and dump

Funny, I still can not get my two year old I-Pad to update. Could it be planned obsolescence by Apple? Yes, you are FORCED to buy NEW shit all the time..... No MORE, I am done !

Trying to increase financial market's, wall street's conditions artificially is not a good way in order to control real market, sustainably. The widening gap between financials and real market gonna destroy real economy in the long term, strongly MarketCap

Powell must be charged with fraud and sent to prison for life.

meanwhile millions don't know where their next meal will come from

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