Apple now worth $2 trillion, making it the most valuable U.S. company ever

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Apple (AAPL) has officially become the first U.S. company worth a staggering $2 trillion. The iPhone maker hit the market after its stock price touched $467.77 on Wednesday, pushing its market cap higher than any other U.S. company in history.

Apple’s rise to the $2 trillion comes after hitting $1.5 trillion in June, and two years after topping $1 trillion for the first time. Since then both Amazon (AMZN) and Microsoft (MSFT), two other high-flying tech stocks, have crossed the $1 trillion mark and are now valued at more than $1.5 trillion.

CEO Tim Cook and company have been riding a hot hand for years on the strength of Apple’s iPhone sales. The handset, which launched in 2007 under then-CEO Steve Jobs, was transformational for the company, putting it at the forefront of the still nascent smartphone industry and never looked back.

More recently, Apple, seeing a slow decline in smartphone sales growth along with the rest of the industry, has been pushing other sectors of its business including its Services and Wearables arms.

The consumer tech giant doubled down on offerings in both areas, launching Apple Music and Apple TV+, as well as introducing the Apple Watch and the now iconic AirPods. Apple is now among the top wearables makers in the world on the strength of those two devices.

Apple’s future growth​

But analysts still see more room for growth.

“Look, I think this is a monumental achievement for Apple, especially as many of the doubters thought the growth story at Cupertino was over years ago,” Wedbush analyst Dan Ives told Yahoo Finance.

“I think it all comes down to the install base. The company has an unmatched install base, which now further monetization of that through services has been the key to success
 
I eagerly await their august 31st, 4 to 1 split. The last time they split it was 7 to 1. 💰

Amazon needs to follow suit; it is bloated and out of reach for most folks (likely by intent).
 
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I eagerly await their august 31st, 4 to 1 split. The last time they split it was 7 to 1. 💰
Likewise. I remember buying some several years ago at 200/share and at the time wondering if it was a good move. Just looked at it, and my only regret is not having purchased more.
Amazon needs to follow suit; it is bloated and out of reach for most folks (likely by intent).
Most folks don’t want to pay $3,300/share? You’re kidding me! lol.
 
Likewise. I remember buying some several years ago at 200/share and at the time wondering if it was a good move. Just looked at it, and my only regret is not having purchased more.
Yeah, Apple is one of those stocks that seems to defy many expectations. I too regret noy buying more, but did scoop up some extra shares once I heard about the split. It has only climbed since then.
Most folks don’t want to pay $3,300/share? You’re kidding me! lol.
Yeah for most people, if we save up anything substantial to invest (say $5k-$10k), it feels depressing to say “I’d like 3 shares of Amazon, please.”
 
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Yeah for most people, if we save up anything substantial to invest (say $5k-$10k), it feels depressing to say “I’d like 3 shares of Amazon, please.”
It does. I have a few Amazon shares. While that is another one that has been good to me, the quantity of the shares sounds like next to nothing.
 
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