Apple’s Market Cap Breach $2 Trillion Mark, iPhone 12 to Launch in October!

Apple Inc. on Wednesday, August 19, 2020, became the U.S. first company to breach the $2 trillion market capitalization in the stock market.

 

It has been just two years since the iPhone maker surpassed the $1 trillion company mark, and now it topped $2 trillion after Apple’s share price briefly rose to $468.65/share, which raised its market capitalization to $2.004 trillion. The stock closed slightly lower than the day-high at $467.62, increased 1.2%, resulting in a market capitalization of $1.999 trillion.

 

The new iPhone 12 is expected to be released in October for the non-pro models, but the iPhone 12 Pro and Pro Max launch date have been pushed back several weeks. The company also expected to unveil two Mac models powered by Apple’s own ARM-based processors, new iPads, and an Apple Watch Series 6. The key point to Apple’s 2H growth would be the price tag on its new iPhone.