Apple’s share price just hit the magic number of $207.05 per share making Apple the first U.S. publicly-traded company to hit a landmark $1 trillion valuation.

On November 5, 2007, A shares of PetroChina on the first day of trading after its IPO on Shanghai Stock Exchange skyrocketed from the IPO price of 16.7 RMB to 43.96 RMB by the close (the opening price was even 48.6 RMB). That briefly gave PetroChina a market capitalization of about $1 trillion.

Market capitalization (market cap) is the market value of a publicly traded company’s outstanding shares. Market capitalization is equal to the share price multiplied by the number of shares outstanding. Apple currently has 4,829,926,000 shares outstanding.

While we expect it to oscillate back and forth across the trillion-dollar line for a while, on August 2, 2018, Apple Inc.’s market value first hit US$1 trillion!

The garage where Steve Jobs and Steve Wozniak started Apple in Silicon Valley at 2066 Crist Dr. in Los Altos, California

The garage where Steve Jobs and Steve Wozniak started Apple in Silicon Valley at 2066 Crist Dr. in Los Altos, California (photo: MacDailyNews.com)

 
Apple’s stock has risen more than 50,000% since it first listed in 1980. That compares with a (mere) 2,000% rise for the S&P 500 in the same period. — BBC News, August 2, 2018

Current AAPL quote here here.

MacDailyNews Take: The greatest company on earth is still wildly undervalued! The march to $2 trillion has begun!

Trillion, schmillion. Over time, Apple will go much higher than that. The company is currently horribly undervalued.MacDailyNews, March 1, 2018

The next ten years are going to be absolutely amazing for Apple. The company has just started to really get going!MacDailyNews, August 2, 2017

Congratulations, Apple Inc.!

Steve Jobs

Steve Jobs

SEE ALSO:
Apple’s new trillion-dollar magic number is $207.05 – August 1, 2018
Apple shares pop as Cupertino Colossus races to $1 trillion valuation – August 1, 2018
Analysts’ consensus now projects Amazon to top $1 trillion in market cap, ahead of Apple – July 27, 2018
Apple’s march to become the world’s first trillion dollar company – May 8, 2018
Apple vs. Amazon: Who will win race to be world’s first $1 trillion company? – April 2, 2018
Apple is going to be the first trillion-dollar company – March 1, 2018
Bank of America predicts Apple market value to surge to $1.1 trillion – January 17, 2018
Apple leads race to become world’s first trillion-dollar company – January 3, 2018
Apple is primed to become the first trillion-dollar company – November 24, 2017
Apple: First trillion dollar baby? – August 4, 2017
Why Apple’s market cap is going to $2 trillion – August 2, 2017
Analyst: Apple to become world’s first trillion dollar company within 12 months – July 7, 2017
How Apple’s market value gets to $1 trillion – May 23, 2017
Gene Munster: Why Apple deserves an historic trillion-dollar valuation – May 22, 2017
Analyst sees Apple’s market value at $1 trillion in a year – May 8, 2017
Apple’s path to first-ever $1 trillion market cap – March 7, 2017
Apple on track to become first ever $1 trillion company – February 17, 2017
Bernstein: Apple could be first to $1 trillion market value, propelled by services revenue – Cramer agrees – May 18, 2016
Apple would be worth $1 trillion if market valued it like Steve Jobs-run company – January 4, 2016
Analyst: How Apple’s market value hits $1 trillion in 2016 – November 10, 2015
Annual iPhone Upgrade Program could power Apple to become world’s first $1 trillion company – September 16, 2015
Analyst: Apple at $1 trillion in a year – May 11, 2015
Dream of $1 trillion valuation for Apple slips away – April 17, 2015
Second analyst sees Apple worth $1 trillion – April 17, 2015
Here’s how Apple gets to $1 trillion valuation in just 12 months – March 23, 2015
Apple eyes trillion-dollar market cap – February 24, 2015
Apple’s stock swoon just a blip on its way to being worth $1 trillion – December 2, 2014
Trillion-dollar baby: Can Apple go where company has gone before? – November 24, 2014
Is Apple about to be the first $1 trillion company? Carl Icahn says yes – November 18, 2014
Omega’s Einhorn: Apple’s market value could hit $1 trillion – November 18, 2014
Apple’s market value primed to go to $1 trillion, creating largest company in history – July 3, 2012
Apple at $1,111 per share with a $1 trillion market cap in the next year – April 26, 2012
Piper Jaffray ups Apple price target to $910; sees world’s first trillion-dollar market cap – April 3, 2012
How Apple can reach $2 trillion market value in 2016 – March 16, 2012
Apple: $1 trillion market cap inevitable? – February 21, 2012
Could Apple become world’s first trillion-dollar company? – January 28, 2012
Altucher: Apple will become a trillion-dollar company; $1,000 a share – May 3, 2011
Apple could become first $1 trillion company in as little as 36 months – April 14, 2011