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Apple Hits $2 Trillion

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Apple hit a market cap of $2 trillion Wednesday, doubling in valuation in just over two years to become the first publicly traded U.S. company to reach the milestone according to CNBC.

Based on a share count of more than 4.275 billion, Apple broke the barrier just before 11 a.m. ET, when its price rose to $467.77. However, Apple fell below the $2 trillion mark as the day moved on, and shares closed at $462.83, giving it a market cap of about $1.98 trillion.

Apple first reached a $1 trillion market cap on Aug. 2, 2018. Wall Street has largely expected the iPhone maker to become the first to surpass $2 trillion. On July 31, Apple passed the state oil giant Saudi Aramco to become the world’s most valuable publicly traded company.

20200819 AAPL mkt cap vs SP 500

It didn’t take long for other tech giants Amazon, Microsoft and Alphabet to match Apple’s $1 trillion market cap.

Apple shares are up about 60% year to date, pushing through the coronavirus pandemic that has battered many companies. In the past year, shares have risen more than 120%.

The company posted a historically strong third quarter in late July, including $59.7 billion in revenue and double-digit growth in its products and services. Apple saw widespread retail closures during the quarter, especially in the United States but said work-from-home trends and strong online sales boosted overall operations.

While the mark is largely symbolic, it does underscore CEO Tim Cook’s success at changing the company’s story. Investors have started seeing Apple’s business less like other hardware makers and more like a software company, as indicated by Apple’s quickly rising price-earnings ratio, which is now over 33.

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Zlatan Ibrahimovic Tests Positive For Coronavirus

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AC Milan striker, Zlatan Ibrahimovic has tested positive for Coronavirus ahead of his team’s Europa League qualifier against Norwegian club Bodo/Glimt.

A club statement confirmed that the Swedish striker, 38, has been placed in quarantine at home away from his team-mates and club staff.

It read: ‘Zlatan Ibrahimovic has tested positive for Covid-19 following a second round of swab tests ahead of tonight’s game against Bodo/Glimt.

‘The Club has informed the relevant authorities and the player has been promptly placed in quarantine at home. All other team members and staff have tested negative.’

Ibrahimovic is the second Milan player to test positive for Covid-19 after Brazilian defender Leo Duarte returned positive results on Tuesday and has already begun isolating.

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He Was Humiliating Me Online : Dillish Mattews Reveals Why She Broke Up With Emmanuel Adebayor

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Big Brother Africa The Chase winner, Dillish Mattews has revealed she broke up with Emmanuel Adebayor because the footballer was humiliating her on the internet.

During questions and answer session on Instagram, a curious fan decided to find out what led to her break-up from the Togolese footballer.

‘Did your ex-boyfriend cheat on you?, the fan asked.

In her reply, Dillish said none of them cheated, but left the relationship because she got tired of being humiliated by the footballer on the internet.

He was humiliating me online - Dillish Mattews reveals why she broke up with footballer, Emmanuel Adebayor?

In July, Adebayor confirmed their split when he showed off a new woman on his Instagram page and gushed over her beauty. He wrote in his caption: ‘SEA, Keep distracting us with the look.’

He was humiliating me online - Dillish Mattews reveals why she broke up with footballer, Emmanuel Adebayor?

He was humiliating me online - Dillish Mattews reveals why she broke up with footballer, Emmanuel Adebayor?

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Chelsea Sign Goalkeeper Edouard Mendy For £22m

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Chelsea has completed the signing of goalkeeper Edouard Mendy from Ligue 1 outfit Rennes in a £22m deal.

The Senegalese international, 28, has penned a five-year deal at Stamford Bridge and is expected to become Chelsea’s No 1 ahead of Kepa Arrizabalaga and Willy Caballero.

After signing his long-term contract with the Blues, Mendy said: ‘I am so excited to be joining Chelsea. It’s a dream for me to be a part of this exciting squad and to work with Frank Lampard and all of his coaching staff. I look forward to meeting my team-mates and can’t wait to get started.’

On signing Mendy, Chelsea director Marina Granovskaia said: ‘As soon as Petr Cech and our technical team identified Edouard as the most suitable goalkeeper to complement our existing group, there was only one player we wanted to bring in. Edouard arrives following a season of real success with Rennes, he is ambitious for more, and we welcome him to our club.’

Edouard Mendy becomes Chelsea’s seventh signing after the arrival of Hakim Ziyech (Ajax) Malang Sarr (Nice) Ben Chilwell (Leicester) Thiago Silva (PSG), Timo Werner ( RB Leipzig ), and Kai Havertz ( Bayern Leverkusen).

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