12 votes

Apple becomes first US company to reach a $2 trillion market cap

6 comments

  1. [6]
    stu2b50
    Link
    I put most of my money in a couple of ETFs across broad sectors, but I also have a yolo fund that's usually 15% or so, and most of it is Apple, which is looking pretty spicy right now. Still crazy...

    I put most of my money in a couple of ETFs across broad sectors, but I also have a yolo fund that's usually 15% or so, and most of it is Apple, which is looking pretty spicy right now.

    Still crazy that Apple went from $1 trillion to $2 trillion in less time than it went from 500 million to 1 trillion.

    2 votes
    1. [2]
      skybrian
      Link Parent
      The S&P 500 is 6.7% Apple and 20% big tech stocks. Not so diversified these days. Based on: https://www.slickcharts.com/sp500

      The S&P 500 is 6.7% Apple and 20% big tech stocks. Not so diversified these days.

      Based on: https://www.slickcharts.com/sp500

      3 votes
      1. stu2b50
        Link Parent
        VOO (the SP500 ETF I usually buy) is only like 20% of my ETF collection. Also have some complete market ETFs, some energy ETFs (TAN, QCLN, etc.), and even a little QQQ even though it's probably...

        VOO (the SP500 ETF I usually buy) is only like 20% of my ETF collection. Also have some complete market ETFs, some energy ETFs (TAN, QCLN, etc.), and even a little QQQ even though it's probably stupid given my already large exposure to tech from work if nothing else.

        3 votes
    2. [3]
      spctrvl
      Link Parent
      Is it? That's one doubling as opposed to 11 doublings. And as the saying goes, it's the first million that's the hardest...

      Still crazy that Apple went from $1 trillion to $2 trillion in less time than it went from 500 million to 1 trillion.

      Is it? That's one doubling as opposed to 11 doublings. And as the saying goes, it's the first million that's the hardest...

      3 votes
      1. [2]
        stu2b50
        Link Parent
        I'd say so. At this scale you start to hit the decline of the sigmoid curve. When you're relatively small, you still have plenty of growth areas just in your domestic country. When you hit $1...

        I'd say so. At this scale you start to hit the decline of the sigmoid curve. When you're relatively small, you still have plenty of growth areas just in your domestic country. When you hit $1 trillion, it really starts to be a question as to just how many people can you sell iPhones too?

        4 votes
        1. spctrvl
          Link Parent
          That is a fair point to make when we're talking about companies operating on these kinds of scales. I do wonder what the actual market saturation point for Apple products is going to end up at.

          That is a fair point to make when we're talking about companies operating on these kinds of scales. I do wonder what the actual market saturation point for Apple products is going to end up at.

          2 votes