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Title : Apple Market Cap Hits $1 Trillion -- August 2, 2018
link : Apple Market Cap Hits $1 Trillion -- August 2, 2018

Apple Market Cap Hits $1 Trillion -- August 2, 2018

We'll see if we can catch a screenshot of $1 trillion market cap sometime....but for now ...

From CNBC:

Apple hit a $1 trillion market cap on Thursday, making the iPhone maker the first publicly traded U.S. company to reach the record valuation.

The stock rose nearly 3 percent following a strong third-quarter earnings report earlier this week, briefly hitting a session high of $207.05 in midday trading before falling back below $207.

Based on a recently adjusted outstanding share count of 4,829,926,000 shares, a stock price of $207.05 nudged Apple over the finish line in the race to one trillion.

Investors had previously been looking for a share price of $203.45, but the company's hefty stock buybacks moved the threshold higher.

The Dems weigh in:

• Maxine Waters: we need to impeach Tim Cook.
• Nancy Pelosi: $1 trillion? Just crumbs.
• Chuck Schumer:  Apple has six ways to Sunday to get to $2 trillion.
• Occasional Ortez: $1 trillion? That would pay for healthcare for all! Nationalize Apple! Now!
• Pocahontas: And this is exactly what the big banks are going to do. Getting way too big. We need to stop Tim Cook now.
• Jeff Bezos: But who ships all those iPhones?
• • To China? Wallace "Fred" Smith
• Warren Buffett: My biggest mistake ... waiting too long to sell IBM before I bought AAPL. I didn't know what Apple sold ten years ago. I didn't understand the business model.
• Elon Musk: Do we need to put an iPhone on Mars? I think so. 

Money for Nothing, Dire Straits

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