Apple reaches $2 trillion market cap
https://techcrunch.com/2020/08/19/apple-reaches-2-trillion-market-cap/
The broader market melt-up has helped buoy shares of Apple to new highs this morning. In early trading today, the market capitalization of the tech industry giant and FAAMG member crossed the $2 trillion mark before slipping just beneath the threshold.
Shares of Apple have advanced just over 59% in 2020, despite the company’s most recent earnings report bearing news of a more modest 11% year-over-year revenue gain. Earnings per-share advanced 18% in the same quarter, a more impressive metric but still a far smaller result than the value increase that Apple’s equity has managed.