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.
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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.
Top Rated Comments
HUGE ACCOMPLISHMENT, CONGRATULATIONS, Apple has come a long way.
You’ll know to sell when Apple finally introduces the mid-sized tower that everyone on here constantly demands.One of the best investments I’ve ever made. Now the only question is when to sell.
Someone looking only at the S&P 500 would have no idea that we have double-digit unemployment and are in the midst of a pandemic-induced recession/depression. Stocks have priced in a LOT of fed intervention and the expectation, which may be unrealistic, that the economy will bounce right back once the pandemic has passed (be it this year or next year).I've been a bit nervous; there's a conspiracy theory going around that the only reason the markets are doing well is that the feds are pumping trillions of dollars into them. The day that stops, according to the rumors, the markets will crash hard.
Now, I tend to not believe in conspiracy theories; they are usually ridiculous and absurd. But the incompetence of our current administration has grown to levels never seen before in this country, and it feels like we're in unprecedented times. That, along with the pandemic, has me hovering a finger over the "Sell everything" button which I normally wouldn't do.
Time will tell, I guess.