Apple becomes first U.S. company to hit $2 trillion market cap

Apple becomes first U.S. company to hit $2 trillion market cap

AppleInsider

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Apple has become the first publicly traded U.S. company to hit a $2 trillion market capitalization, with shares of AAPL hitting $467.77 during intra-day trading.

Apple's valuation crossed the $467.77 threshold for a $2 trillion valuation briefly on Wednesday. At press time, the share price is oscillating around the threshold.The valuation comes shortly after Apple blew away all expectations for the June quarter. In that earnings report, Apple reported revenue of $59.7 billion for the third quarter of 2020, profoundly beating Wall Street estimates, in a quarter where the company continued to feel the effects of the COVID-19 pandemic. Overall revenue for Apple was up 11% from Q3 2019, when it reported a record-setting $53.8 billion.

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