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It took Apple 37 years to reach $1 trillion market cap and 2 years to reach $2 trillion. What happened? Keep in mind, in 2020 more than $6 trillion has been c
by tzm 6y ago
It took Apple 37 years to reach $1 trillion market cap and 2 years to reach $2 trillion.
What happened?
Keep in mind, in 2020 more than $6 trillion has been committed to economic stimulus (Congress + Federal Reserve). Along with 0% federal funds rate, you get liquidity that boosts the market overall.
- scarface74 6y agoApple was a niche computer maker. But also don’t forget that until 1992-1993, Apple was more valuable than MS and most of the then major computer sellers besides HP. Apple and HP were going back and forth as the largest seller of PCs back then. This was Apple’s first foray into the wide consumer market with Macs. Then Windows 95, Apple’s bad decision when it came to clones, and the Performance line happened. Apple wasn’t “beleaguered” when it made the PPC transition between 1994-1995. Lastly, computers weren’t a big deal back then. When I was in college, most of the students didn’t have computers at home.