Apple hits $3 trillion market cap

In 2020, Apple made a $2 trillion market cap driven by pandemic demand. Today, the company crossed the $3 trillion mark when shares hit $182.86.

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In August 2020, Apple made a $2 trillion market cap driven by pandemic demand. 16 months later, the company crossed the $3 trillion mark when shares hit $182.86 earlier today. The company accounts for nearly 7% of the S&P’s value.

Tesla is celebrating deliveries of nearly 1 million vehicles in 2021. Unlike other automakers, Tesla measures deliveries instead of sales. 4th quarter deliveries clobbered estimates with more than 308,000 vehicles.

David Bowie’s estate has sold his publishing catalog spanning 60 years and 26 albums to Warner Music for $250 million. I hear from a lot of people who think this is only cashing out. It might be partially true, but it’s really smart tax and estate planning involving a mature business with intellectual property. We see it all the time but without the guitars.

I’m Dave Spano from Annex Wealth Management. That is your Know the Difference Minute.