Apple hits landmark $1 trillion valuation

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

93 Comments

        1. Yes, but Balmer totally missed the smartphone/tablet market.
          Something that would up being much more important (profit wise) than the desktop/laptop computer market.

    1. of course, “established” anal-ysts consistently overlook BACN trajectories (+-BUN) when running EGG analyses or compensating for PLUM.

      And then they wonder why they get it wrong lol.

    1. Nicely said. I am glad to be wrong thinking Amazon would get there first. Now let’s start firing on all cylinders Apple including from the place of your origin – Apple’s computers? You know, you call them Macs?

      1. I was skeptical as well, Peter.

        Hearty congrats to a World first milestone in business!

        Where is the keg interns, time to tap it early on this incredible news! 🍻

          1. You’re right! And I’m sure there’s still some people out there that would want an apple II! Why did they stop making those? That’s that much more money they could have made! They could have a market cap of 10 trillion by now, what is their problem?

  1. The same idiots who call Tim Cook “Pipeline Timmy” who has grown the company in brilliant fashion will look at America and say Trump is singlehandedly responsible for the current economy. The fact is both Apple and America operate on a continuum, with the past as prologue. Obama did some brilliant things (and some weak things of course) but saved the automotive industry and reduced the national debt, Cook may lack the innovative genius of Steve Jobs but for this time, this era he’s done a phenomenal job. So.. give credit to both Trump and Cook for what they have done in the time frame they have been in charge. Nobody does it all by themselves.

    1. Image if the same idiots who praise Pipeline Tim, were to realize how much higher the value Apple would be if they had someone in charge who could put out computers that were current instead of years old technology

    2. While I applaud your logic and reason regarding the continuum nature of economics, I have to point out that Obama never reduced the national debt, just the magnitude of the deficit. I believe that Clinton was the last Administration to run a surplus, and I am not even sure if that was real (typically, FICA revenues are included even though they should be kept separate).

      Anyway, under the Obama Administration the growing deficit problem that piled up in the 2000s under Bush (combination of massive tax cuts and increased military spending…sound familiar??) peaked and then began a multi-year decline. Thanks to current economic policies, expect the deficit to rise again.

      As has been true for quite some time, the accumulated national debt keeps growing.

      1. The topic here today Melvin, is the CELEBRATION of Apple’s milestone.

        NOT economic news under former presidents that has absolutely nothing to do with it.

        Talk about raining on a parade …

    3. I’m sorry, but the only thing I can give Trump credit for is allowing the rich to raid the U.S. Treasury (leaving the bill for the future middle class), and teaching our kids that it is okay to lie.

        1. No, I’m actually middle of the road right. I just look left to you because you’re sooooo far right that you’ve falling over the edge of the flat earth you believe in.

            1. You don’t believe that Trump gave away the U.S. Treasury to his friends, and himself, and that he is an habitual lier?
              If you can’t keep up on current events, it’s not my job to elevate you from the cesspool of Fox News. (you should at least watch more Shepard Smith, or read a newspaper)

            2. Wait, you really believe Trump? You’re not just one of those people who hold their nose to support Trump because you only care about your one issue and are willing to sell out your country to get it?
              You really really believe him?
              Unbelievable!

            3. Did you watch Trump’s rally in Wilkes-Barre, PA on national cable TV last night?

              You don’t believe him? Good luck telling that to the overflow packed crowd of hard working blue collar workers.

              I don’t believe YOU …

            4. Actually I’m rather new here.
              Your statements here are as accurate at the President’s.
              And no, that was not a compliment.

  2. A lot of people love to bitch about Tim Cook. However he has gotten to the 1 trillion point. I am not discounting Steve Jobs and every one else who has made this possible. Apple is not a one man show, however the CEO is the face. People have been complaining from day 1 about Tim Cook and how he destroying Apple. Every company would love to be destroyed like this.

        1. Today I am up to 58 one-star down votes on an earlier post simply mentioned Fox News is where I first heard it reported Apple reached a trillion.

          Sounds like you care about down votes — I DON’T! …

            1. Yup, I have been amused for years.

              Lot of FALSE DISHONEST EFFORT going on. The pitiful part is they have not intimidated me one atomic particle. What a waste of effort but they don’t care …

          1. Funny how the libtards think they are being informed by the Communist News Network.

            I took some time over 2 days and compared the coverage of CNN and Fox every hour or so. Stunning how much CNN never reported.

            1. In the 1990s it was the Clinton News Network.

              Today it has gone insane and unhinged since Trump won and has become the CORRUPT NEWS NETWORK …

      1. 2 Trillion?? You are such a small thinker… They would be at 7 TRILLION if they had done the list of things I’ve written in my notebook labeled “Things those losers at Apple should do to not only have the largest market cap in the world, but to also have an even larger-er market cap!”

        As long as I can think of a higher number, Apple will never impress me!

    1. I have not been complaining from day one. Far from it. I have always used Apple computers and welcomed Cook’s coming out, thinking it positive for there to be an openly gay CEO of a big company (even if he was not out before he got there).

      However, I started being concerned when there were no updates to the Macbook Air for an indecent period.

      I was then more concerned when the Macbook was released with a too-shallow keyboard, underpowered and with only one port. USB C I could live with, one port I could not. The jump to a MacBook Pro was, however, too great.

      I then started complaining when the MacMini (which 2009 box I wanted to replace) was not updated for four years, when the 2014 update was a positive step backwards, when MacOs and iOS became productivity destroyingly buggy and when prices shot through the roof (for yesterday’s hardware).

    2. I like to thank you Tim Cook and team who make it happens. For that my living standard has been improved significantly. Thanks again Tim.Cook and team. Love you guys, god bless.

      1. Goeb, you are overreacting. If Cook did nothing that any caretaker CEO could not do, then he does not need to go. Thanks to Jobs, Apple did have an adequate caretaker CEO. We may all wish for one who is more than adequate, but if wishes were horses then beggars would ride, as my father used to say.

        1. Herself, you are correct that as a caretaker he has fulfilled that role. And as I said, any other caretaker CEO can do the same.

          Cook needs to go for other reasons. Although a nice guy he is as appealing as wet plywood and brain dead in creativity, sorry …

          1. I can’t disagree with the spirit of your argument. The unfortunate fact remains that Cook is unparalleled as supply chain manager, which function he has obviously retained from his COO days, even as he struggles as CEO, the face of the company. Getting rid of Cook at this point would be problematic. As you assert, any competent candidate could replace him as head of the gravy train. However, that very gravy train is enabled only because of Cook’s attention to production. As much as I dislike the anti-charisma of the man, he is punching the right buttons and turning the right dials to keep the Apple juggernaut rolling. Numbers don’t lie. Yes they could conceivably be greater but that is a big what-if, hardly a certainty. No stakeholder, and that includes the Board of Directors, wants a kamikaze operation. You and I are just old-time users on the periphery of what’s happening in the world today, and it rankles to be cast aside like WWII veterans.

            1. “The unfortunate fact remains that Cook is unparalleled as supply chain manager, which function he has obviously retained from his COO days”

              For the most part you are correct, I won’t laundry list all the products he was late delivering or short supply at launch. It is his gift and that should be his position at number two, with a creative CEO in charge like Scott…

            2. Forgot to mention.

              Like Steve, would love the second coming of Forstall. Put Cook in a position where he excels.

              What I would really relish and cheer is Scott putting the elitist industrial designer ego in his place. Jony’s designs should satisfy customers NEEDS FIRST.

              NOT Jony’s obsession to win design awards. Only then, will Apple return to prominence and make the greatest computers, AGAIN.

              MAPPLEGA

    1. Rhetorical because nobody has that kind of money. Other major mergers and acquisitions have required the purchaser to buy all the outstanding shares at a substantial premium above the current market price. Not even Berkshire Hathaway could swing that much financing.

            1. I can’t read any more of these comments. I have to put you out of your misery. The shares don’t come on the market in the way you are thinking. They are *acquired* by the purchasing company at a premium. That premium can be 50 percent or more. The premium entices stockholders to sell and the buying activity then causes the stock price to rise further. The stock price will normally go up during an acquisition not down. There is no stock dump. There is a buying frenzy. What happens is the opposite of what you are saying here.

            2. “So if Buffet dumps his stock the price will go up? ”

              Can you please spend a few minutes and educate yourself about how acquisitions work? Buffet won’t sell his stock at all unless he is offered a premium. Nobody is dumping stock. Sellers are being enticed to sell their stock via a premium on the stock price. Sellers view it as a payday that is high enough they will sell. Otherwise they will not sell. The stock price goes up beyond the current trading price naturally and the premium can be significant. Dumping of stock is something different. You are confused.

            3. Didn’t say acquisition. Market cap, which is the topic at hand is a metric, not even a measure of the value of a company as you pointed out.

              They cannot get 1 trillion just by selling all the stock. As Vincent LaGuardia Gambini would say…. its bullshit!

            4. “They cannot get 1 trillion just by selling all the stock. As Vincent LaGuardia Gambini would say…. its bullshit!”

              Now you’re being intellectually dishonest. You talked about stock dumping and stock losing value three times after TxUser said:

              “Other major mergers and acquisitions have required the purchaser to buy all the outstanding shares at a substantial premium above the current market price. Not even Berkshire Hathaway could swing that much financing.”

              The only plausible way all the stock would be sold is via an acquisition and that would bring the premium pricing into play making the transaction (or Apple) worth close to or even above $1.5 trillion.

              I know when I’m dealing with a troll. Good day to you.

            5. I posed a question to highlight the bs that is called market cap. Not a negotiated acquisition. The topic is market cap. Nothing dishonest about it other than it’s Wall Street, which is not my dishonesty.

            6. “I posed a question to highlight the bs that is called market cap. Not a negotiated acquisition.”

              This is my final reply. I don’t do discussions with trolls. Your question only highlights your ignorance.

              “Wonder if they can get a trillion for the company”

              The answer has been given to you many times now. The answer is yes and more than $1 trillion. That is if anyone could afford it which is not likely. Don’t get mad at others because you don’t like or understand the answer.

            7. Yet again…
              The article is not about acquisitions, it’s about market cap.

              You’ve evaded the heart of my question. Thus you’ve failed your interview as my teacher. Troll that!

            8. Troll Asks: Wonder if they can get a trillion for the company?

              Other posters give the obvious answer which is yes and other posters patiently explain why the troll is wrong and doesn’t even understand his own question.

              Troll gets on his tricycle and backpeddles and says no no no I wasn’t wrong I meant something else with my question even though the question can only mean one thing and only has one possible answer.

              You got pwned son! Bwahahahahahahahahahaha!

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