Apple expected to hit $2.5 trillion valuation when markets open on Thursday
Apple is expected to become the first public US company to hit $2.5 trillion market capitalization when the markets open on Thursday, following a week of strong momentum for AAPL stock.
Apple hit the $2 trillion mark in last August, becoming the first company ever to hit such a high mark valuation, leading the way ahead of Amazon, Microsoft, Amazon, and Alphabet.
AAPL shares reached $149.15 on Wednesday when the market closed, up from $130.15 the week prior.
The expected $2.5 trillion market capitalization comes ahead of Apple’s Q3 2021 earnings call on July 27, which will report results for the third quarter of the year, covering late March through late June.