Apple shares pop as Cupertino Colossus races to $1 trillion valuation

“Apple is jumping Wednesday after a strong third-quarter report, opening more than 4 percent up and inching the stock toward a $1 trillion market value,” Sara Salinas reports for CNBC.

“Shares started trading at $199.13, after closing Tuesday at $190.29,” Salinas reports. “Shareholders had previously been looking for a stock price of $203.45 to make Apple the first trillion-dollar company — though the company is expected to announce an adjusted outstanding share count later Wednesday that is likely to move the threshold.”

Salinas reports, “As of Wednesday’s open, Apple has gained 17 percent in 2018 and more than 30 percent in the last 12 months.”

Read more in the full article here.

MacDailyNews Take:

MacDailyNews presents live notes from Apple’s Q318 conference call – July 31, 2018
Apple beats Street with best June quarter ever – July 31, 2018
Apple could’ve worth a trillion long ago, but for buybacks and dividends – July 31, 2018


  1. Slow and steady wins the race. Coming up to the finish line but hold off the champagne until the fat lady sings. Though MDN I do hope you are making celebration preparations just in case.

    1. There’s often a bit of a profit taking sell off when AAPL reaches round numbers, but there wasn’t much of one at $200 and the price is continuing on it’s upward trajectory beyond $200 at the time of writing, which comes as a pleasant surprise.

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