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Apple becomes Wall Street’s first $2tn company

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August 19, 2020 at 10:47PM

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Tech giant behind iPhone hits crucial share valuation of $467.77 but closes at $1.979tn just after breaking barrier

Apple became the first US $2tn company on Wednesday, only two years after becoming the first to be valued at $1tn by Wall Street.

The technology powerhouse behind the iPhone needed to hit a share price of $467.77 to reach the milestone and moved through that barrier during mid-morning trading on the Nasdaq exchange on Wednesday, although it closed down just below that historic level at $1.979tn (£1.51tn).

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