10-08-2020 22:05 via feedproxy.google.com

Why Apple deserves to be worth $2 trillion

Apple is currently worth almost $2 trillion, $1.927 trillion to be exact – or roughly the size of Italy’s gross domestic product. Apple, amid the COVID-19 pandemic, has rallied 55% year to date, after a gain of 85% in 2019. This year’s advance alone has expanded the company’s market value by nearly $700 billion.
Apple Fifth Avenue
Eric J. Savitz for Barron’s:Apple had $26 billion in phone sales in the June quarter alone, beating estimates thanks to the iPhone SE, a
Read more »