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posted by martyb on Sunday June 14 2020, @09:16AM   Printer-friendly
from the That’s-a-big-apple- dept.

Apple is now worth 1.5 trillion dollars:

[On Wednesday, June 10], Apple became the first US company to achieve a $1.5 trillion market capitalization. The stock surged even as investors began pulling back in many other areas of the economy.

Reasons given by investors for the optimism include anticipation of the launch of a 5G iPhone this fall, signs of strong App Store sales, and interest in the potential of ARM-driven Macs, based on a Bloomberg report yesterday that said Apple may announce an ARM transition at its annual developer conference later this month.

Yesterday and today, Apple's movement ran counter to most of the rest of the market, where investors' actions have reflected fear of a global coronavirus resurgence and anticipation of bad news from the US Federal Reserve in a report due out today.

Market capitalization essentially means the total number of shares of a company being traded multiplied by the current trading value of a share in that company, making it the best publicly available measure of the company's actual value.

AAPL was at $338.40 per share as of June 13 which gave it a total market capitalization of $1.47 trillion.


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  • (Score: 0) by Anonymous Coward on Sunday June 14 2020, @03:44PM (2 children)

    by Anonymous Coward on Sunday June 14 2020, @03:44PM (#1007809)

    I see only one possible way for Apple to grow at this point beyond its ridiculous present valuation: phase out another port technology across the board and introduce another dongle. USB3 is obsolete!

  • (Score: 2) by toddestan on Monday June 15 2020, @02:40AM (1 child)

    by toddestan (4982) on Monday June 15 2020, @02:40AM (#1007982)

    Have you not been paying attention? It's all about USB-C now. Mac laptops don't even come with USB3 ports anymore.

    • (Score: 0) by Anonymous Coward on Monday June 15 2020, @03:09AM

      by Anonymous Coward on Monday June 15 2020, @03:09AM (#1007996)

      Sorry man. I knew that. It's just with so many USB "standards" you can sometimes have a slip of the tongue.
      USB has gone thru so many revisions that if I had bought Dell's "hot" all (or almost all?) USB-C laptop, I would have had to also buy dongles for all my USB-A plug gear.
      The PC laptop makers really want to copy Apple even in this shitty aspect. I tell you, PCs only come out ahead of Apple if you are talking about desktops and not laptops. All modern laptops seem to suck.