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Apple market capitalization above $1 trillion again

The bulls of Wall Street must have been busy buying shares of AAPL today after yesterday’s announcements of new products and services. As of around 2 PM EDT today, shares of Apple were trading at about $222.33, enough to bring the company’s market capitalization above $1 trillion again.

As you’ll recall, the company briefly hit the $1 trillion mark late in 2018 before share prices fell precipitously to a low of $142 in January of 2019. It’s apparent that the strength of the product announcements yesterday, coupled with the surprisingly low price tag on Apple Arcade and Apple TV+, were enough to make investors snap up shares of Apple. The share price is up almost $5.47 per share (about 2.5%).

Of course, the share price could drop again by the close of day, bringing the market cap back below the magic trillion-dollar mark, but it’s nice to see the company back in the rarified territory that’s currently only inhabited by Microsoft and itself.

Steve Sande
the authorSteve Sande
Steve is the founder and former publisher of Apple World Today and has authored a number of books about Apple products. He's an avid photographer, an FAA-licensed drone pilot, and a really bad guitarist. Steve and his wife Barb love to travel everywhere!