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.
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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.
Top Rated Comments
(View all)Lowering prices would help a LOT!!!
Er, no!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?Does this count?
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.“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.”
A trillion dollars.
Lowering prices would help a LOT!!!
Ummmmm, I think they know what they're doing.