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by nine_k 1022 days ago
But $2T is market capitalization, not yearly sales.

This mostly means that AAPL is seen as a safe asset to park large amounts of (fiat) money.

3 comments

The article is about an estimation of the total volume of transactions going through apps on the app store, both in the app store and outside of the app store direct to the app publisher. It's currently at 1.1 trillion, they're projecting given the growth rate it could be 2 trillion in 2 years. That is the figure being discussed.
At least read the article before commenting. It's talking about the total transactional value of the app store. Not apples market cap.
While the comment you are replying to is wrong, this comment is also incorrect.

> this data includes payments which are not captured by Apple directly. In the words of the authors, “More than 90% of this figure originated from transactions that did not happen through the App Store, meaning that these amounts accrued solely to developers and other third parties, and that Apple collected no commission on them.”

Market cap has absolutely nothing to do with the article and the (fiat) take i ungrounded.