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Apple hits $2 trn market valuation, but the next trillion won't come easy

With its shares up roughly 60 per cent this year, Apple is among the Big Tech winners that have benefited from a safety premium

apple, iphone, foxconn
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Tae Kim | Bloomberg
Apple Inc. has done it again. On Wednesday, just two years after becoming the first U.S. company to boast a trillion-dollar market valuation, it became the first to top $2 trillion. Getting to the next trillion may not be such a breeze. 

With its shares up roughly 60 per cent this year, Apple is among the Big Tech winners that have benefited from a “safety premium.” Investors have piled in to the iPhone maker’s shares as well as those of other technology darlings — including Amazon.com Inc., Facebook Inc. and Google parent Alphabet Inc. —  betting their business models, robust balance

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