Apple Is First U.S. Company to Hit $2 Trillion Market Capitalization
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variety.comTodd Spangler NY Digital EditorIt’s always the first trillion that’s the hardest.Apple, after two solid quarters beating Wall Street estimates, has now hit an unprecedented milestone: It’s the first U.S.
company with a market cap of $2 trillion. The mark comes just over two years after Apple was the first American corporation with a market cap of $1 trillion.Apple’s share price has climbed more than 55% year to date, as sales have not only weathered the COVID pandemic — but the company posted healthy year-over-year gains.For the June 2020 quarter, the tech giant reported revenue of $59.7 billion, an increase of 11% from the $53.8 billion in revenue in the prior-year period.
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