Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Apple Reaches $2 Trillion Market Value as Stock Surges to Record

Stock Markets Aug 19, 2020 11:31AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
AAPL
-3.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Investing.com -- Apple Inc (NASDAQ:AAPL) became the first publicly-traded American company to reach $2 trillion in market value on Wednesday, as its stock surged to another record.  

Apple reached $467.77 a share in morning trading, pushing the company above $2 trillion in market capitalization. 

The valuation of the company has doubled in about two years, and the stock has more than doubled in the past year and is heading for a split. The company said last month that its board of directors approved a four-for-one stock split, meaning that for each share of Apple stock that an investor owns, they’ll receive three additional shares.

The shares will also become more affordable for investors. It is the fifth split since 1987. The most recent move was made in 2014, when it offered a seven-to-one split, CNBC reported. 

Apple reported strong third quarter results in July with earnings per share of $2.58 compared to the estimated $2.05 on sales of $59.69 billion, which compared to the expected $52.29 billion, according to analysts tracked by Investing.com. Results have beaten forecasts in the past nine quarters.  

 

Apple Reaches $2 Trillion Market Value as Stock Surges to Record
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (7)
Thom Miller
Thom Miller Aug 19, 2020 1:02PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Apple uses slave labor to make their devices.
Muza Favorites
Muza Favorites Aug 19, 2020 1:02PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Now write that without crying..
JD Marshall
JD Marshall Aug 19, 2020 11:44AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
FED buys Apple bonds, Apple buys its stock. price goes up fueled by tax payer dollars. Amazing how Apple got a monster bailout along with TSLA AMZN FB GOOG etc and the average American struggles. lol. so now those struggling Americans have a huge tax bill to pay up. gotta luv it
Plopseven Schwartz
Plopseven Schwartz Aug 19, 2020 11:44AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Stimulus money then goes into all of those companies, pushing them even higher through bought goods and services. It’s so criminal. They need like 30% taxes levied against all gains from the pandemic.
john doe
batman876 Aug 19, 2020 11:41AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Microsoft is next. Keep it growing guys.
Loren Kote
Loren Kote Aug 19, 2020 11:37AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
That's because Apple is still doing business in China and following the rules of the CCP there! Once the U.S.A. govt takes actions against Apple about it or when it does abandon following the rules of the CCP the value will fall by a lot! Besides, Apple is one of those companies that is overrated, releases new phones or upgrades every 6 months or every year, and has fooled enough millions of low & avg i.q. people to keep buying and upgrading its latest products!Somehow they think latest Apple products will improve their lives or give them extra powers!!
شرقاوي الخفيف
شرقاوي الخفيف Aug 19, 2020 11:37AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
very nasty and negative comment ,appel is the best company in the world and its led by the best brain in the world ,MR jobs then cook ..I have no idea what are you talking about...or you are getting paid to leave a nasty comment rather way ...your lil nasty comment won't effect the mighty appel ...you can go back under your rock now
Matt Kay
Matt Kay Aug 19, 2020 11:37AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
شرقاوي الخفيف  And you might want to go back to English class. To be fair "appel" gave me a chuckle
Edward Chong
Edward Chong Aug 19, 2020 11:37AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
haha appel is the cousin. dont be so mean . cheers
Loren Kote
Loren Kote Aug 19, 2020 11:37AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
hey, first learn proper english and learn to write Apple not "appel"! obviously shows your i.q. level and makes my point about what kinds of people always love to buy latest Apple products! I said facts which have been mentioned by analysts and can be verified. you don't like the truth, it's your problem! bye bye, and try informing yourself and get a good education, that will improve ur life, not getting the latest smart phone while working 12 hrs a day!
Loren Kote
Loren Kote Aug 19, 2020 11:37AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
,maybe Appel is a arabic or chinese knock off of Apple!
Modise Mphahlele
Modise Mphahlele Aug 19, 2020 11:28AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Its a joke honestly but based on a couple of metrics such as its revenue, market share and cash reserves its actually valid
Matt Kay
Matt Kay Aug 19, 2020 11:21AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Cant even short this bubble. Call side gets blown past every day...
Ben Dover
Ben Dover Aug 19, 2020 11:21AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Thats what happen when the Fed is buying everything on the planet.
Plopseven Schwartz
Plopseven Schwartz Aug 19, 2020 11:21AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Ben Dover The FED better pay my taxes. I’m not paying for Apple to get doubled in value during a pandemic.
Alex Hunter
Alex Hunter Aug 19, 2020 11:18AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
bubble
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email