Yes, let’s let that sink in a moment. And not focus on the latest news that AAPL will do a 4-1 stock split on August 31, 2020.
Apple hitting a market cap of $2 trillion is amazing in and of itself. And not too long ago it just hit $1 trillion.
What does Apple do? Well you can read the summary on my Apple page, or just read the extended summary from my ‘trading platform’:
Apple Inc. designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players. The Company sells a range of related software, services, accessories, networking solutions, and third-party digital content and applications.
The Company’s segments include the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. The Americas segment includes both North and South America. The Europe segment includes European countries, India, the Middle East and Africa.
The Greater China segment includes China, Hong Kong and Taiwan. The Rest of Asia Pacific segment includes Australia and the Asian countries not included in the Company’s other operating segments. Its products and services include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings.
Warren Buffett and Apple, Inc.
These numbers are always subject to change, but it’s safe to say that multi-billionaire investor Warren Buffett owns a major stake in Apple Stock:
- 275 millions shares of AAPL.
- An investment of over 100 billion dollars.
- He owns a 20% stake in the company