It’s been two years since Apple crossed the $1 trillion threshold for the first time, and the stock has doubled in less than five months
Apple Inc.’s market capitalization climbed into $2 trillion territory Wednesday, establishing yet another valuation milestone just two years after becoming the first U.S. company to top $1 trillion.
The stock needs to finish the day at $467.77 or above for Apple to close with a valuation above $2 trillion. It hit an intraday high of $468.65 in Wednesday morning trading. The company is expected to roll out its first 5G-enabled iPhone this fall, with management telling investors to expect a day of a few weeks compared with last year’s launch timing.
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