Apple Hits $2 Trillion Market Cap

Apple Hits $2 Trillion Market Cap

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Apple became the first U.S. public company to reach a $2 trillion market cap today with shares rising over 1.27% to reach a high of $468.14.

AAPL has now more than doubled in value since March 23 due to stronger than expected performance during the coronavirus pandemic. Last quarter the company posted revenue of $59.7 billion, an increase of 11 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.58, up 18 percent. International sales accounted for 60 percent of the quarter’s revenue.

As long as production remains on track, Apple will likely have an exciting fourth quarter with four new iPhone models expected, a new Apple Watch, new iPads, and its very first Mac based on Apple Silicon.

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Apple Hits $2 Trillion Market Cap

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