Shares of Apple Inc fell 0.8% in afternoon trading Thursday, to pull the technology giant’s market capitalization back below the trillion-dollar mark after just one day above it.
With 4.52 billion shares outstanding as of July 19, the stock has to close at or above $221.28 for Apple to have a market cap of at least $1 trillion.
The market cap was down to $998.5 billion after closing at $1.007 trillion on Wednesday.
Apple’s market cap closed above $1 trillion in back-to-back sessions last week, on Sept. 11 and Sept. 12, for the first time in nearly a year, as Apple held a $1+ trillion market cap for 65-straight sessions from Aug. 2, 2018 to Nov. 1.
MacDailyNews Take: As usual, Apple remains criminally undervalued.
Meaningless, since the market cap is based upon shares, and we know shares outstanding are changing all the time due to buybacks and employee shares.
Apple has about 3B less outstanding shares than Microsoft and that probably makes a huge difference.
The market values AAPL and every other company period. That IS the value of the company. To whine about it is to whine about reality.
If Tim Cook wants AAPL to be valued higher, he has to step up and do the things necessary to get that valuation.
What is your necessary suggestion for Tim stepping up for greater valuation for Apple?.
My suggestion would be for Apple to acquire a cloud computing business as all the other major tech companies have done. Wall Street praises THE CLOUD constantly and considers it an unlimited growth market. That’s something that Apple really needs if it wants to be valued as high as other tech companies. A cloud business is really a no-brainer to get a greater valuation for Apple.
Why acquire when they can just expand on the datacenters they’ve already built and still building for iCloud?
You mean bow down even more to Wall Street….
“Apple’s market cap closed above $1 trillion in back-to-back sessions last week, on Sept. 11 and Sept. 12, for the first time in nearly a year, as Apple held a $1+ trillion market cap for 65-straight sessions from Aug. 2, 2018 to Nov. 1.”
Impressive run, though MSFT seems to still be holding on above $1T since June 10th for 69+ straight sessions to date.
Apple stock will never have the valuation of Microsoft stock. Everything Microsoft does is constantly praised. Wall Street is always criticizing Apple for making stupid moves. With Apple’s iPhone business hitting the skids, Microsoft has nothing to worry about in losing their market cap throne. Besides, I don’t think Apple is even trying that hard to maximize its business. Apple constantly leaves money on the table for other companies to grab. Apple never delivers a death blow to any company and Wall Street hates that sort of leniency.
Late stage capitalism is a plague.
Trading up today and it’s over a Trillion, seems the article/analyst is just creating click bait.Markets move and Apple is notoriously undervalued, left over in the big blue mindsets.