Apple's $1 Trillion Chase: Unprecedented? Try Totally Logical
- Apple likely first American company to reach that threshold
- Yet its weight in S&P 500 trails four companies at their peaks
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Mind-boggling. Unprecedented. And here’s another way of describing Apple Inc.’s ascent toward $1 trillion: completely logical.
Not to take anything away from Apple, which at $943 billion is closer than any U.S. company has come to the milestone. But in a world where $20 trillion has been added to U.S. equities in a decade, what would really be astonishing is if nobody were knocking at the 13-digit door.