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APPLE INC SURGES TOWARDS $2 TRILLION MARKET VALUE
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danger
Supreme |
05-Aug-2020 15:47
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our blue chips pale in comparison .. peanut value ! |
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danger
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05-Aug-2020 15:30
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BECOMING THE WORLD' s MOST VALUABLE COMPANY AGAIN At 6.5%, the iPhone maker&rsquo s share in the S& P 500 just surpassed the record 6.4% that IBM held 35 years ago, data compiled by S& P Dow Jones Indices and Bloomberg show. Apple&rsquo s overall market cap stands at $1.875 trillion, about 7% away from $2 trillion. The breakthrough speaks to the strength of a company that few can match in a year when Covid-19 is raging. Up 49% this year, Apple&rsquo s gain beats all U.S. companies with a market value above $300 billion, except for Amazon.com Inc. The share rally has picked up after the company&rsquo s quarterly revenue crushed Wall Street forecasts, boosted by demand from locked down consumers for new iPhones, iPads and Mac computers to stay connected during the pandemic. |
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