“Apple is within striking distance of a trillion dollar market value,” Paul R. La Monica reports for CNNMoney. “The iPhone maker is currently worth about $935 billion, and the stock needs to go up more than 7% for it to top the mark.”
“But if Apple wows investors when it reports earnings Tuesday afternoon, there’s a chance it could become the first US company to cross the trillion dollar mark,” La Monica reports. “Apple isn’t the only tech giant closing in on a trillion dollar mark though. Amazon is worth a little more than $870 billion. Google owner Alphabet has a market valuation of nearly $845 billion. And Microsoft’s market cap is now just under $815 billion.”
“But if Apple, Microsoft, Google or Amazon eventually top the trillion dollar mark, none of them would be the first publicly traded company in the world to do so,” La Monica reports. “Oil giant PetroChina briefly surpassed a trillion dollar valuation in 2007 when its stock began trading in Shanghai, but shares quickly plunged. PetroChina, which is also listed on the New York Stock Exchange, is now worth about $220 billion.”
Read more in the full article here.
MacDailyNews Take: PetroChina doesn’t count. Come on. Only Apple-haters will stammer, “But, but, PetroChina” when Apple becomes the world’s first true trillion-dollar company.
For some perspective, since $1 trillion is difficult to comprehend, U.S. federal government spending has averaged $2.045 trillion per year between 1950 – 2018.
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First!
Who would have believed that Apple would reach a trillion dollars market value before its home country found a weapons of mass destruction program in I raq. I mean other than me?
Just STFU U.S. hate monger. I can’t believe you are so shallow with nothing else to say here. Ummm, I take that back …
USA! 🇺🇸 USA! 🇺🇸 USA! 🇺🇸
Fun game. Play it all the time.
What is your point? Playing games? …
Market cap is not real money. It’s a metric, but not real money.
Say it hits a trillion. If it were real, if all shareholders were to sell their shares at once, they would be collectively getting a trillion dollars. Instead, the devaluation would net them much less.
It’s Monopoly Money…. and notice I didn’t single out Apple.
Way to make a point …
PS- Appreciate the opportunity to clarify. That’s what honest people do. Well done.
That’s what I like about you — HONESTY … 😎
Saudi ARAMCO.
The Saudi oil company probably will be worth a trillion after its anticipated IPO, but it isn’t publicly traded yet.
This is pure nonsense, adjusted for inflation there were companies worth more then apple.
Adjusted for inflation Dutch East India trading company was worth 7.9 trillion.
WHO CARES, just give me a modular mac with up to date specs that won’t cost me $15k
We shall see in a few hours which would decide Apple fate this afternoon. Long AAPL, GLTA.
Yippee! We’re going to be rich!!
Wait, I dont own any stock what am going on about?
MDN take is bizarre. Spending over time isn’t averaged. As the economy and population grew, so did spending. Just like your own household.
Nice to see MDN post how Obama actually cut federal spending. Ot that they would ever admit it.
They did conveniently cut off the graph before Trump. Trump has increased spending while slashing revenue, which is the perfect recipe for future tax hikes and recession. Why do this during what could be peacetime? Stupidity.
“Trump has increased spending”
You mean like doubling the national debt under Obama? …
..except that was Bush lol. He ran away from the meldown of the nation.Obama SAVED the nation from the GOP mess
“Obama SAVED the nation from the GOP mess”
LOL! Obama saved NOTHING.
His legacy is doubling the national debt from one president more than 43 presidents before him combined.
Affordable Care Act?!?! Affordable!?!?! LOL!!!
Go back to watching CNN the 24 hour non-stop Trump derangement channel …
The economy we have today is Obama’s. Trump is going to screw it all up just as Bush screwed the amazing economy Clinton left him. The party of stupid always screws things up and the Fox News televangelist demo just eat it up
“The economy we have today is Obama’s.”
And Clintons?
Obviously, I am responding to an intellectually deficient Democrat activist. I have wasted enough time.
Nuff said …