Apple (briefly) tops $2 trillion

The first public company to achieve a market value of $2 trillion dollars is the one the two Steves started 44 years ago in a Cupertino garage.

My take: Not that it means anything.

UPDATE: Apple closed Wednesday at $462.83, a new all-time high but a couple tens of billions below the $2 trillion high water mark.

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20 Comments

  1. Romeo A Esparrago Jr said:
    Thank you, Steves, Tim, and all those that have supported, loved, and contributed to Apple’s evolution throughout its past 44years and beyond, through thick & thin.

    8
    August 19, 2020
  2. David Baraff said:
    468 X 4 Trillion is a lot more than 2 trillion…

    1. Man, that’s a lot of share holder dilution!
    2. But the price appears to be holding up quite well anyway…

    We assume you meant “X 4.xxx billion”

    2
    August 19, 2020
  3. Fred Stein said:
    Tim Cook earned his place in history a while ago.

    $2T makes for a single chapter title in that book.

    Quoting Tim, “Apple’s best days are ahead…”

    9
    August 19, 2020
  4. Paul Brindze said:
    Apple/Tim clearly deserve a speeding ticket for violating the Law of Large Numbers.

    LOL!!

    7
    August 19, 2020
    • Gregg Thurman said:
      Everybody that quoted “The Law of Large Numbers” as a reason that large companies can’t grow materially any more gets a big, fat, F.

      The Law of Large Numbers is a statistical term that describes how more samples (after reaching a certain point) doesn’t materially improve accuracy.

      5
      August 19, 2020
  5. Kirk DeBernardi said:
    Outside of Black Swan events, I have always contended as long as I have owned AAPL that a prime warning sign to me would be that of any feeling of Apple losing its way. Unjustified over-exuberance is another.

    Yet coming this far and where we stand today, I feel that Apple has not lost its way and that the current PE is not over-exuberant and I couldn’t be any more excited about this company’s future potential.

    Almost to good to be true.

    Geaux longs.

    Geaux . Bravo.

    3
    August 19, 2020
  6. Kirk DeBernardi said:
    @ PED —

    “My take: Not that it means anything.”

    Right attitude 😉

    0
    August 19, 2020
  7. Bart Yee said:
    In today’s current investing environment, Apple was going to get to the $2B threshold sooner or later, slowly or in spurts. As usual, after 1:00pm EST, the big boys started taking profits on a slightly below average volume day. What was a $6 gain has now trended down and closed up $0.58.

    No matter, holding the intraday high is immaterial. Apple will gain incrementally as this quarter rolls along and breach $2T on a close eventually.

    0
    August 19, 2020
    • Gregg Thurman said:
      Let the market be your guide.

      The trend is your friend, until it isn’t.

      Today’s activity is exactly why the only number I concern myself with is the intraday low. Everything else is higher. I want to know how the low is trending.

      It’s trending very nicely.

      2
      August 19, 2020

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