Apple hits $2 trillion

Emailed on August 21, 2020 in The Friday Forward

Apple hit a market cap of $2 trillion Wednesday, doubling in valuation in just over two years to become the first publicly traded U.S. company to reach the milestone.

Based on a share count of more than 4.275 billion, Apple broke the barrier just before 11 a.m. ET, when its price rose to $467.77. However, Apple fell below the $2 trillion mark as the day moved on, and shares closed at $462.83, giving it a market cap of about $1.98 trillion.

Apple first reached a $1 trillion market cap on Aug. 2, 2018.

So the question is: who's next?