Apple at $2 Trillion Leaves No Room for Error

Apple Inc. became a $2 trillion company on Wednesday. The irony is this shows just how little it can afford to lose.

On Wednesday morning, Apple’s share price topped the level needed to exceed a $2 trillion market capitalization. That level didn’t quite hold at the closing bell. But Apple has still enjoyed a strong run: The stock has averaged a weekly gain of 3.5% since the beginning of June, according to FactSet. Its business has proven surprisingly resilient to the pandemic. The company still generates more than 80% of…

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