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Apple becomes first trillion dollar company

Illustration: Rebecca Zisser/Axios

Apple on Thursday became the first-ever U.S. company to have its market cap hit $1 trillion, when shares briefly touched $207.05. It’s a largely symbolic milestone, but also a reminder that between its giant market cap and massive cash holdings, Apple could buy almost anything it wants.

The bottom line: A billion dollars isn't cool. You know what's cool? A trillion dollars.