Apple could be a $2 trillion company by end of 2021

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Apple could be a $2 trillion company by end of 2021
There was a time when $1 trillion seemed crazy, too.
Photo illustration: Ste Smith/Cult of Mac

Apple could be a $2 trillion business by the end of 2021, bullish Apple analyst Dan Ives of Wedbush claims.

If so, this would be a massive leap from Apple’s current market cap of $1.38 trillion. And it would be all thanks to momentum in Apple’s Services division, alongside the impending launch of a 5G iPhone.

Tim Cook takes home $125 million in Apple’s best year since 2009

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Tim Cook takes home $125 million for Apple’s best year since 2009
I imagine Tim Cook makes this face every time he checks his online banking statement.
Photo: Jim Merithew/Cult of Mac

Tim Cook earned $125 million in Apple’s fiscal 2019, according to Apple’s latest SEC regulatory filings. That works out at more than $342,000 a day, or $28,538 per hour for a 12-hour shift.

But while Cook’s pay packet puts him firmly in 0.001 percenter territory as far as earnings go, it’s not a record year for him. In fact, Cook took home $11 million less than he did in 2018.

Apple shares just passed another historic milestone

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Apple shares just passed another historic milestone
It's crazy to say, but $2 trillion may not be too far out of sight!
Photo: Pixabay/Pexels CC

Apple shares hit an historic $300 milestone Thursday, representing a new overall all-time high. The amazing figure gives Apple a market cap of $1.3 trillion. That takes Apple a whole lot closer to the once crazy dream of being valued at a whopping $2 trillion.

New Year’s Resolutions for Tim Cook, anyone?

Apple stock had its best year for a decade in 2019

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Apple shares just passed another historic milestone
What a year this was for Apple!
Photo: Pixabay/Pexels CC

Apple in 2009 and 2019 are very different companies. In the past decade, we’ve seen the arrival of the iPad and the Apple Watch, while the iPhone has well and truly become ubiquitous worldwide. Meanwhile, former CEO and co-founder Steve Jobs sadly passed away, and Tim Cook took charge of the company.

But as different as some things are, others stay the same. Case in point: AAPL has had its best stock performance in 2019 since 2009.

Today in Apple history: Apple IPO mints instant millionaires

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Apple is worth more than the entire US energy sector combined
December 12, 1980, was an incredibly important day for Apple.
Photo: Ste Smith/Cult of Mac/401Calculator

December 12: Today in Apple history: Apple goes public at $22 per share, minting instant millionaires December 12, 1980: Apple goes public, floating 4.6 million shares on the stock market at $22 per share.

In the biggest tech IPO of its day, more than 40 out of 1,000 Apple employees become instant millionaires. As Apple’s biggest shareholder, 25-year-old Steve Jobs ends the day with a net worth of $217 million. However, the big payday triggers internal tensions as it highlights Cupertino’s class divide.

Today in Apple history: Lousy quarter proves Steve Jobs isn’t invincible

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$1 trillion value
A perfect storm of bad news leads to a massive $195 million quarterly loss for Apple.
Photo: Apfellike

December 6: Today in Apple history: Apple suffers first quarterly loss since Steve Jobs' return December 6, 2000: Apple’s stock price falls after the company posts its first quarterly loss since Steve Jobs’ return to Cupertino in 1997.

Shares tumble $3 to just $14 a share as doom-predicting pundits worry that the big Apple comeback might come screeching to a halt.

Little did they know….

Apple shares suffer biggest decline since August

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Apple shares suffer biggest decline since August
President Trump says no immediate end in sight to trade tensions with China.
Photo: White House

Apple shares suffered their biggest decline since August on Tuesday, due to trade tensions between the United States and China.

President Trump told reporters that he had “no deadline” on agreeing a trade deal with China. Many people had hoped that a deal could be reached within weeks.

Harvard gets out of Apple stock, doubles down on Facebook

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Harvard gets out of Apple stock, doubles down on Facebook
Harvard has sold its $100 million+ worth of AAPL.
Photo: Paul Geffen/Flickr CC

Apple stock may have risen fairly consistently through 2019, but that hasn’t been enough to stop Harvard dumping the stock.

Harvard Management Company, the Harvard-owned investment company which is the largest academic endowment in the world, has sold all of its Apple stock. At the end of the second quarter of 2019, it owned more than $100 million of AAPL.

Apple stock is breaking records — and could be about to surge again

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Apple shares just passed another historic milestone
Maybe it's not too late to invest after all!
Photo: Pixabay/Pexels CC

Apple stock is hitting its highest value in history — and could be poised to surge a whole lot higher.

After analysts at Raymond James raised their price target to $280, AAPL rose 2% to start the week strongly. It is currently trading at $240.51. However, Piper Jaffray chief market technician Craig Johnson thinks it could well rocket past $300.