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Apple becomes first U.S. company with $2 trillion market value
MacDailyNews ^ | August 19, 2020

Posted on 08/19/2020 9:07:05 AM PDT by Swordmaker

Apple today hit a market value of $2 trillion, doubling in valuation in just over two years.

Apple, the first publicly traded U.S. company to reach a $1 trillion market cap, is now the first publicly traded U.S. company to reach a $2 trillion market cap.

Apple first reached a $1 trillion market cap on August 2, 2018.

On July 31, 2020, Apple surpassed the state oil giant Saudi Aramco to become the world’s most valuable publicly traded company.

MacDailyNews Take: Congrats, Apple and AAPL shareholders! Onward and upward!


TOPICS: Business/Economy; Computers/Internet; Society
KEYWORDS: aapl; applepinglist; finance; stockmarket
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To: roadcat

Yeah, I know, but medical database is very big - potentially bigger than all the others combined.

The EV market is limited by power generation; which is politically limited to unreliable sources- wind solar bio; which take 10-100X the land to produce less power. EV will be a loser until thermonuclear power, or something similar, becomes an everyday reality.


41 posted on 08/19/2020 11:51:09 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: PIF

You’re presumptuous and wrong; I have been to several cities in China, and I keep regular correspondence with people who grew up there, or that are there all the time. My experience was that the people there are lovely, but the government is awful.

You don’t have to have been there to know what a disaster Communism is. As my mother used to say, I don’t need to jump off a building to know that it’s a stupid thing to do. Perhaps you’re saying that they’re not entirely Communist. That would be damning them with faint praise.

Apple’s issues go beyond China in any case, and are shared by most companies in Silicon Valley. They don’t seem to like America all that much, and they don’t like people like those on FR the least little bit. And they act on that dislike.


42 posted on 08/19/2020 11:54:09 AM PDT by rightwingcrazy (;-,)
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To: PIF

It was up more than $5, now it’s only up more than $2. My entire account was *wiped out*!!! /jk


43 posted on 08/19/2020 12:08:43 PM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: rightwingcrazy
2 trillion dollars, but what are those dollars worth?
Agreed, but who thinks prices have doubled in the past couple of years as AAPL has done?

But investing in precious metal is worth a serious look.

But not to the exclusion of AAPL . . .


44 posted on 08/19/2020 1:41:29 PM PDT by conservatism_IS_compassion (Socialism is cynicism directed towards society and - correspondingly - naivete towards government.)
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.

“Market Value”

That’s STOCK value - PAPER VALUE

Something happens and overnight its then ‘worth’ HALF or a QUARTER of that ‘value’.

.


45 posted on 08/19/2020 1:45:17 PM PDT by elbook
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To: conservatism_IS_compassion

AAPL has indeed done well lately, and it wasn’t inevitable. My minor beef was with meaningless milestones like “first 2 trillion dollar company”.


46 posted on 08/19/2020 1:47:09 PM PDT by rightwingcrazy (;-,)
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To: PIF
EV will be a loser until thermonuclear power, or something similar, becomes an everyday reality.
. . . except that cheap natural gas disproves the theory that carbon is the issue.

"'The issue' is never the issue - the issue is the revolution!"


47 posted on 08/19/2020 1:48:44 PM PDT by conservatism_IS_compassion (Socialism is cynicism directed towards society and - correspondingly - naivete towards government.)
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To: PIF

Actually l can too. I just wish I knew firsthand.


48 posted on 08/19/2020 1:49:20 PM PDT by gibsonguy
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To: SunkenCiv

account only up by $162 or so today - lots of profit taking I think


49 posted on 08/19/2020 2:15:53 PM PDT by PIF (They came for me and mine ... now its your turn)
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To: rightwingcrazy

You’re presumptuous and wrong; I have been to several cities in China

````
Then don’t talk like some sort of jingoistic idiot as you did in your earlier posts. Say who you are and where you are coming from up front to be credible


50 posted on 08/19/2020 2:18:10 PM PDT by PIF (They came for me and mine ... now its your turn)
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To: PIF

Yup. Apple Watch 6 should be out soon, and will likely include (at minimum) an oxygen saturation sensor - which will be a HUGE selling point in the time of COVID (early critical indicator is plummeting O2 saturation: [buzz beep] “Your O2 levels are falling rapidly. Would you like to call 911?”). Continuous monitoring of any medical data is valuable, and processing that data - both for individual’s use and anonymized for massive studies - will rake in $$$.


51 posted on 08/19/2020 4:18:05 PM PDT by ctdonath2 (Interesting how those so interested in workERS are so disinterested in workING.)
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To: PIF

As wild rides go, AAPL is a funeral procression compared with TSLA.


52 posted on 08/19/2020 5:02:32 PM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: rdl6989

I wonder what happens after the split?

More people will be able to buy shares of Apple at the lower price. Diversity of ownership of publiclly traded companies is a good thing.


53 posted on 08/19/2020 5:34:26 PM PDT by Steven Scharf
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To: SunkenCiv

Long and staying long on AAPL something like 2500% return since originally bought. Plus the dividends. AAPL has been officially declared “dead” at least 500 times. Way way back it was declared: born dead


54 posted on 08/20/2020 3:13:39 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: ctdonath2

oxygen saturation sensor

Amazing that something sitting on one’s skin can determine oxygen intake


55 posted on 08/20/2020 3:17:22 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: ctdonath2; PIF

The SpO2, blood oxygen saturation sensors have progressed to where the tiny sensors have become disposable.

I have a souvenir from my last hospital stay. Less than 4mm square the terminal connector is larger than the sensor, all afixed to the finger with tape, much like a band-aid. Throw away

Scheduled for an encapulated endoscopy exam....that’s a gel cap size video camera and transmitter that’s swallowed to record views of the small intestine inaccessible via regular colon endoscopy. Has its own light and transmits pictures to a carried sling recorder about the same size as digital Holter type monitors. Passes out normally...FAQs state, “You might see tiny flashes of light in your toilet bowl, stay calm, it’s normal.”

Med tech is advancing extremely rapidly...amazing s***.

;>)


56 posted on 08/20/2020 3:33:57 AM PDT by Covenantor (We are ruled...by liars who refuse them news, and by fools who cannot govern. " Chesterton)
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To: SunkenCiv

Correction:
7,259%


57 posted on 08/20/2020 4:20:14 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: PIF

TSLA is what I call the Maalox Rollercoaster.


58 posted on 08/20/2020 4:28:26 AM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: PIF

How nice, up a mere .58 during market hours, up $1.77 by the end of after-hours trading.


59 posted on 08/20/2020 4:31:14 AM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: SunkenCiv

TSLA is what I call the Maalox Rollercoaster.
```
A stock for only the most intrepid of non-risk adverse of speculators; newspaper stock listings and a dart work better actually.


60 posted on 08/20/2020 5:34:45 AM PDT by PIF (They came for me and mine ... now its your turn)
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