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Apple's March to Trillion Dollar Market Cap May Take a Bit Longer Based on Latest Share Count

Apple has filed its quarterly 10-Q form with the U.S. Securities and Exchange Commission today, confirming that the company has a total of 4,829,926,000 outstanding shares on the stock market as of July 20, 2018. That's down from 4,915,138,000 shares three months earlier as Apple has continued to buy back its own stock.


Based on multiplying the latest total by Apple's closing stock price today of $201.50, the iPhone maker has a market cap of roughly $973 billion, making it ever so close to becoming a trillion dollar company.

The exact moment that Apple crosses the trillion dollar mark will be difficult to determine, as Apple continues to buy back and retire shares, reducing the number of outstanding shares. The total reflected in the 10-Q form is already nearly two weeks old, and has likely decreased over that time.

Everyone from investors to fanatical customers has been closely watching the AAPL ticker on the stock market to see if Apple will become the world's only and arguably first publicly traded company with a trillion dollar valuation. Tech rivals Amazon, Microsoft, and Google parent company Alphabet are also in the race.

For now, the wait for $1,000,000,000,000 continues, but it doesn't look like it will take much longer for Apple to pull off the feat.

Tag: AAPL


Top Rated Comments

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14 months ago

Lowering prices would help a LOT!!!


Er, no!
Rating: 13 Votes
14 months ago

Lowering prices would help a LOT!!!


Apple comprises 18% of the smartphone market, but garners 87% of the smartphone industy profits. How would lowering prices help them to make more money?
Rating: 13 Votes
14 months ago

Does this count?
“But Apple would not be the first publicly traded company in the world to surpass the trillion dollar mark.

Oil giant PetroChina (PTR ('http://money.cnn.com/quote/quote.html?symb=PTR&source=story_quote_link')) briefly topped a trillion dollar valuation in 2007 when its stock began trading in Shanghai, but shares quickly plunged afterward.”

Not really. It was a small number of shares available on one exchange that only added up to a trillion dollar market cap if you extrapolated that share price to all of the company's shares. The vast majority of PTR's share never traded anywhere near that level.
Rating: 9 Votes
14 months ago
A billion dollars isn't cool, you know what's cool?

A trillion dollars.
Rating: 8 Votes
14 months ago
Not bad for a business that started in a garage hey?
Rating: 7 Votes
14 months ago

Lowering prices would help a LOT!!!

Ummmmm, I think they know what they're doing.
Rating: 5 Votes
14 months ago
There was the world before the iPhone and the world after. No doubt a trillion will happen.
Rating: 4 Votes
14 months ago

Apple comprises 18% of the smartphone market, but garners 87% of the smartphone industy profits. How would lowering prices help them to make more money?


Also the price of an iPhone or amount of money Apple makes isn't the same as Apple's stock price/market cap. For example, Amazon makes very little money and the stock just keeps going up.
Rating: 3 Votes
14 months ago

snip...to see if Apple will become the world's only and arguably first publicly traded company with a trillion dollar valuation. ...

Does this count?
“But Apple would not be the first publicly traded company in the world to surpass the trillion dollar mark.

Oil giant PetroChina (PTR ('http://money.cnn.com/quote/quote.html?symb=PTR&source=story_quote_link')) briefly topped a trillion dollar valuation in 2007 when its stock began trading in Shanghai, but shares quickly plunged afterward.”
Rating: 3 Votes
14 months ago

Not really. It was a small number of shares available on one exchange that only added up to a trillion dollar market cap if you extrapolated that share price to all of the company's shares. The vast majority of PTR's share never traded anywhere near that level.

I’m sure we’ll also hear about Saudi Aramco’s $3 trillion valuation.

There was also the Dutch East India Company, the Mississippi Co. and the South Sea Co. back in the 17th century.

If someone wants to rely on one of these to try to take away from Apple’s accomplishment (if/when it happens) I wouldn’t bother arguing with them. If it’s that important to them to diminish Apple’s success, I’m fine with “The first publicly-listed US company to reach a trillion dollar valuation”.

It’s a nice milestone, but a trillion dollars isn’t cool. You know what’s cool? $10 trillion :D
Rating: 3 Votes

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