“Apple is no longer comparable to just companies, but to countries and even entire stock indexes.”
This from todays VisualCapitalist & the graphic animation tells the story.
https://www.visualcapitalist.com/cp/apples-colossal-market-c…
ciao
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except Apple didn’t actually hit a market cap of $3 Trillion due to continued share buybacks.
Check the recently released proxy for share count.
“Apple’s profits aren’t too shabby either: their $20.5 billion in net income last quarter equates to $156,000 in profits per minute”
Amazing! Hopefully we own 5.6% and potentially growing. I suppose we will know in a month or so.