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Apple closes above $2 trillion for first time

Credit: Apple

Apple's market capitalization reached an all-time high of $2.02 trillion at end of trading on Thursday.

The new milestone comes just one day after Apple become the first U.S. company to hit a $2 trillion market valuation during intra-day trading.

Shares of AAPL closed at $471.10 on Thursday.

The Cupertino tech giant is riding high after blowing away Wall Street expectations with better-than-expected June quarter earnings. Apple reported revenue of $59.7 billion for the quarter, despite the ongoing coronavirus health crisis, and announced an upcoming four-to-one stock split.

Apple became the first ever U.S. company to hit a $1 trillion market capitalization in August 2018. In June 2020, Apple became the first company to hit a $1.5 trillion market valuation.