Apple becomes the first US company to reach a $2T market cap during intraday trading, two years after reaching $1T
here's when it may be worth $3 trillion BBC : Apple helped make ‘top secret’ iPod for US government Bogdan Popa / Softpedia News : Apple Is Now Worth $2 Trillion Kelly Earley / Silicon Republic : Apple becomes the first US company to be valued at $2trn Bhushan Akolkar / Coinspeaker : Tech Giant Apple Hits $2 Trillion Market Cap, Holds Position of Most Valuable Company AdExchanger : Programmatic On The Rise In APAC; Google Spurns Travel Advertisers Joseph Young / CCN.com : $2 Trillion Apple Has a Massive Chinese iPhone Upgrade Coming Michael Liedtke / Associated Press : Apple reaches $2 trillion market value as tech fortunes soar James Batchelor / GamesIndustry.biz : Apple market value tops $2tn Joshua Benton / Nieman Lab : Fortnite's battle with Apple and Google could have an impact on news publishers, too James O'Connor / GameSpot : Apple Is Now The First $2 Trillion Tech Company The Information : Apple's $2 Trillion Day: The Information's Tech Briefing Lauren Rouse / Game Rant : Apple Becomes $2 Trillion Company | Game Rant John Loeffler / TechRadar : Apple becomes first $2 trillion US company amid antitrust allegations Ursula Perano / Axios : Apple becomes first U.S. company worth $2 trillion Kif Leswing / CNBC : Apple's $2 trillion value is proof that Tim Cook's services plan worked Dan Gallagher / Wall Street Journal : Apple at $2T milestone brings record valuation just as the key App Store business model comes under attack Ben Popken / NBC News : Apple is now worth $2 trillion, making it the most valuable company in the world Paul Hill / Neowin : Apple becomes the first U.S. company to be worth $2 trillion Chris Smith / Trusted Reviews : Apple is now worth $2 trillion as big tech continues its global takeover Timothy B. Lee / Ars Technica : Apple's value soars to a record $2 trillion Maria Deutscher / SiliconANGLE : Buoyed by standout quarter, Apple hits record $2T market cap Andrew Paul / Input : Apple is now worth over $2 trillion, proving walled gardens work Sasha Lekach / Mashable : Apple is the first U.S. company to be worth $2 trillion Benjamin Mayo / 9to5Mac : Apple becomes first public company to reach a $2 trillion market cap Tweets: @om : Apple might be a 2 trillion-dollar company, but its products aren't as good an investment as they used to be. My Macbook Pro 16 which arrived on Dec 27, 2019, has lost about $450-a-month in value. And that's not to mention that it wasn't good enough to work well with XDRDisplay. @alexhcranz : i do not know how anyone can look at it doubling its $1 trillion valuation in two years while phone sales stagnate and its services face increased regulation and antitrust investigation and not hear alarm bells. https://twitter.com/... Jefferson Bethke / @jeffersonbethke : What's crazy is I distinctly remember how recent it was for them to hit the unprecedented 1 trillion......just two years ago. https://twitter.com/... Hillel Fuld / @hilzfuld : is worth $2,000,000,000,000,000,000. Two. Trillion. Dollars Anyone care to put that in context? How many lambos can I buy with $2 trillion? How many islands? Countries? Amazes me there are so many Apple haters out there. No company has achieved what this company has. Ever. https://twitter.com/... Horace Dediu / @asymco : @fbrunel It got to 1T at a very low P/E ratio. The second T came because the P/E ratio returned to S&P 500 median. Mark Little / @marklittlenews : “Covid was the perfect positive storm for these guys”. Big tech stocks up 37% in first seven months of this year. All other stocks fell a combined 6%. https://www.nytimes.com/... Brian Womack / @brianwomack : At a $2 trillion market for Apple, here is the scale of that number compared to some key DFW companies. Over 9 AT&Ts Over 11 Exxons Over 15 Texas Instruments Over 95 Southwest Airlines (some quick rough math) Gro-Tsen / @gro_tsen : Multiplying the stock unit market value by the number of stocks to compute a company's “market worth” is absolutely nonsensical. Stock price is a marginal cost for acquiring a small number. Extrapolating this linearly to the entire company is utterly meaningless. https://twitter.com/... Jesse Felder / @jessefelder : ‘At $2 trillion, the market is valuing Apple as if nothing could go wrong. The stock trades at more than 32x forward earnings, its highest multiple in more than a decade and double what it fetched when it first crossed the $1 trillion mark in Aug. 2018.’ https://www.wsj.com/... @juokaz : Apple was valued $350 billion when Tim Cook took over. Nine years later it is up to $2 trillion. Tim doesn't get the credit he deserves. https://www.cnbc.com/... Neil Cybart / @neilcybart : Apple is the first company to be a $1 trillion away from having a $3 trillion market cap. Steve Kovach / @stevekovach : $AAPL didn't hang onto its $2 trillion market cap. It's only worth $1.98 trillion now. https://www.cnbc.com/... Vikas Bajaj / @vikasbajaj : The five giant tech companies now constitute 20 percent of the stock market, a level not seen from a single industry in at least 70 years. @uwsgeezer @SteveLohr report https://www.nytimes.com/... @pinboard : Apple is now worth two trillion dollars, although half of that is in monitor stand inventory https://www.nytimes.com/... Dieter Bohn / @backlon : Now that Apple has exceeded a market cap of two trillion dollars it finally has the resources it needs to give Siri the ability to set multiple timers. https://www.theverge.com/... Jack Nicas / @jacknicas : And remember: Apple hasn't done much new! It's just built one of history's best moneymakers, which no longer needs groundbreaking innovations to keep the business humming. And in some ways, the pandemic has been pretty good for business. Here are Apple's execs on the moment: https://twitter.com/... Jack Nicas / @jacknicas : Apple just became the first U.S. company to hit a $2 trillion valuation. What's most stunning: Apple added $1 trillion in value over the past 21 weeks, while the global economy shrank faster than ever before in the coronavirus pandemic. https://www.nytimes.com/... Paul Farhi / @farhip : Apple, after first 42 years in business: Market value reaches staggering $1 trillion. Apple, in *just the past 21 weeks*: Market value DOUBLES to $2 trillion. https://www.nytimes.com/... John Cassidy / @johncassidy : What's it really worth? $1 trillion? $3 trillion? $2 trillion? In a speculative melt-up all valuations are arbitrary. https://twitter.com/... Aaron Levie / @levie : The “conventional wisdom” on Apple for the past decade is that they needed to enter completely new markets to grow. As the world's first $2T company, it turns out continuing to build better and better products and services works just fine. James Titcomb / @jamestitcomb : Apple hitting $1 trillion was a story of a once-doomed company and a stunning turnaround. Apple hitting $2 trillion feels like a story of a crazy stock market that rewards a handful of tech giants for owning everything Jay Yarow / @jyarow : Apple buying back shares has been a pretty good investment. Mike Elgan / @mikeelgan : Number of the moment: 2,000,000,000,000 https://www.cnbc.com/... https://twitter.com/... Tim Bradshaw / @tim : It's only two years since Apple became the first trillion dollar company. from March's lows, it's basically doubled, adding ANOTHER trillion in six months. Neil Cybart / @neilcybart : The trillion dollar market cap club: Apple: $2.0T Amazon: $1.6T Microsoft: $1.6T Alphabet: $1.1T Pui-Wing Tam / @puiwingtam : All of Apple's second $1 trillion came in the past 21 weeks, while the global economy shrank faster than ever before in the coronavirus pandemic. @jacknicas https://www.nytimes.com/... Andrew Downie / @adowniebrazil : The stock market is not the economy. The stock market is a group of largely immoral companies run by largely immoral people. Exhibit A. https://twitter.com/... Carly Kind / @carlykind_ : Five companies constitute 20% of the stock market's worth, run the operating systems on 99% of devices, & deliver to Americans the majority of their news, books & info. Surely we can now all agree that self-regulation of digital markets doesn't work? https://www.nytimes.com/... @nytimesbusiness : Apple, Amazon, Alphabet, Facebook and Microsoft account for 20 percent of the stock market's total worth, a level not seen from a single industry in at least 70 years https://www.nytimes.com/... Frank Pasquale / @frankpasquale : Apple's stock market value is “double what it was just 21 weeks ago. The tech companies' dominance of the stock market is propelled by their unprecedented reach into our lives, shaping how we work, communicate, shop and relax” https://www.nytimes.com/... See also Mediagazer