Apple reaches $1 trillion market cap again after iPhone launch

Apple reached a $1 trillion market cap on Wednesday, following its announcement Tuesday of a slew of new products, including the iPhone 11.

Apple’s share price was up more than 2% atthe close of trading on Wednesday, ending the day at $223.59.

It’s not the first time that Apple has had a market cap over $1 trillion. It first hit the mark in August 2018. But it fell under the symbolic benchmark after the stock price dropped during a stretch in December and January following disappointing iPhone sales in China. Apple has also bought back millions of its own shares, raising the stock price threshold needed for a $1 trillion market cap