Apple's Market Value Hits $2 Trillion
Apple's stock price is continuing to surge, and has risen over one percent today to push the company past $2 trillion in market capitalization by surpassing the $467.77 mark and briefly topping $468. Apple is the first U.S. company to achieve that milestone.
Just over two months ago, Apple became the first U.S. company to reach a market capitalization of $1.5 trillion, and Amazon and Microsoft have since also passed that mark. Apple was also the first to hit the $1 trillion mark just over two years ago.
Apple's share price has more than doubled since its low point just five months ago, and the company will be completing a four-for-one stock split at the end of this month. That will bring Apple's share price down to the $100 range, but with four times as many shares in circulation, it will not affect the company's overall market value.
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Apple today dramatically increased device prices across multiple product lines.
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After temporarily taking it down earlier today, Apple's online store is back up with a series of product price increases. The changes are as follows:
HomePod mini: $129, up from $99 (+$30)
HomePod: $349, up from $299 (+$50)
Apple TV: $199, up from...
Apple today raised prices on many of its products, including all Macs and iPads, as well as the Apple TV, HomePod, HomePod mini, and Vision Pro. We shared a list of the price increases, which range from $30 for the HomePod mini to up to $1,300 for the Mac Studio. iPhone, Apple Watch, and AirPods prices have not changed, at least for now.
In a statement shared with MacRumors, Apple said it...
