Apple becomes trillion-dollar company once again
After a month of gains, and one day after Apple's September event, Wall Street has responded by raising the share price for the company to a level that gives it a market capitalization valuation that exceeds 1 trillion dollars once again.
On Wednesday, Wall Street responded to the event and positive news surrounding pricing by analysts with a flurry of trading, starting from an opening price of $218.07 and continuing gains on the day. At about noon eastern time, AAPL shot past $221.16, the share price it needed to beat to reach a market capitalization of $1 trillion dollars based on its basic share count, making the iPhone maker a trillion-dollar company once more.
This is not the first time Apple has reached the heady trillion-dollar heights. In August 2018, it became the first US company in history to reach the milestone, then after reaching a high of $232.07 in October, dropped down considerably in January following a warning Apple would miss its December-quarter guidance by billions of dollars.