Apple's Beats brand in April unveiled the Powerbeats Pro, a redesigned wire-free version of its popular fitness-oriented Powerbeats earbuds.
Apple is Officially a Trillion Dollar Company as Shares Cross $207 Mark
Apple has officially become the world's only trillion dollar publicly traded company, in terms of market capitalization, which is simply the company's number of outstanding shares multiplied by its stock price.
Apple achieved this milestone by hitting a stock price of $207.05 and above in intraday trading today, giving it a market cap slightly over $1,000,000,000,000, based on its 4,829,926,000 outstanding shares as of July 20, 2018, which the company disclosed in its quarterly 10-Q filing with the SEC on Wednesday.
While some publications declared Apple a trillion dollar company earlier in the day, this was based on an outdated number of outstanding shares in Apple from tools such as Yahoo Finance, which powers Apple's own Stocks app.
Apple beat out other large tech companies, including Amazon, Microsoft, and Google parent company Alphabet, in the race to a trillion dollars. As with most milestones of this nature, however, Apple reaching exactly a trillion dollar market cap doesn't have too much significance, beyond the vanity of it.
Apple's stock has appreciated over eight percent since the market closed on Tuesday, following its record-breaking earnings results. Apple set a new fiscal third quarter record with $53.3 billion revenue, easily topping Wall Street expectations, and there were also indications that the iPhone X is selling quite well.
The milestone is a testament to the strength of Apple, which has already been the world's most valuable company for several years. Aside from 2016, which is now an outlier, Apple has been steadily increasing its revenue and profits since 2003, fueled by the massive popularity of products like the iPhone and iPad.
Apple will look to build upon its success with a wide range of new products expected later this year, including a trio of iPhones, iPads with Face ID, Apple Watch Series 4 models, updates to several Macs, new AirPods, and much more.
Update: Apple's stock price has since dipped below $207 as it continues to fluctuate on the intraday market.
Apple achieved this milestone by hitting a stock price of $207.05 and above in intraday trading today, giving it a market cap slightly over $1,000,000,000,000, based on its 4,829,926,000 outstanding shares as of July 20, 2018, which the company disclosed in its quarterly 10-Q filing with the SEC on Wednesday.
While some publications declared Apple a trillion dollar company earlier in the day, this was based on an outdated number of outstanding shares in Apple from tools such as Yahoo Finance, which powers Apple's own Stocks app.
Apple beat out other large tech companies, including Amazon, Microsoft, and Google parent company Alphabet, in the race to a trillion dollars. As with most milestones of this nature, however, Apple reaching exactly a trillion dollar market cap doesn't have too much significance, beyond the vanity of it.
Apple's stock has appreciated over eight percent since the market closed on Tuesday, following its record-breaking earnings results. Apple set a new fiscal third quarter record with $53.3 billion revenue, easily topping Wall Street expectations, and there were also indications that the iPhone X is selling quite well.
The milestone is a testament to the strength of Apple, which has already been the world's most valuable company for several years. Aside from 2016, which is now an outlier, Apple has been steadily increasing its revenue and profits since 2003, fueled by the massive popularity of products like the iPhone and iPad.
Apple will look to build upon its success with a wide range of new products expected later this year, including a trio of iPhones, iPads with Face ID, Apple Watch Series 4 models, updates to several Macs, new AirPods, and much more.
Update: Apple's stock price has since dipped below $207 as it continues to fluctuate on the intraday market.
Tag: AAPL
[ 370 comments ]
Top Rated Comments
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13 months ago
can someone explain to me why this is something to celebrate? how is this good for us, consumers?
13 months ago
And yet, they nickel and dime us every step of the way...
Just think how much more marketshare they could have if the products were more affordable. With each generation of whatever product, it gets more expensive.
I guess greed has no boundaries.
Just think how much more marketshare they could have if the products were more affordable. With each generation of whatever product, it gets more expensive.
I guess greed has no boundaries.
13 months ago
Now that they have more money than GOD, how about focusing on Macs and not just iOS devices?
13 months ago
Maybe now they can afford to put SSDs in all the Macs. /sarcasm
edit: I say "/sarcasm" because if you search (ex: on newegg) you'll see that a 128GB SSD costs less than a 500GB HDD.
edit: I say "/sarcasm" because if you search (ex: on newegg) you'll see that a 128GB SSD costs less than a 500GB HDD.
13 months ago
Now that they’ve reached this trivial goal they can stop pandering to shareholders. It’s time to put customers first.
13 months ago
As impressed as I am with what Tim Cook has done in his time as CEO, I am even more impressed by what he has not done. Growing a company the size of Apple is an incredibly difficult task that is certainly going to have its ups and downs, but he has accomplished incredible growth without impulsively releasing new product categories or making wild acquisitions. Despite all the flak he gets here, he has shown great restraint and kept a steady hand on the tiller.
13 months ago
I don't own any Apple stock, so I care more about Apple reducing the price of their products than becoming a "Trillion" dollar company.
13 months ago
To the constant doubters, every single year, “Apple is doomed.”
Seems like they’re doing ok.
Just to drive the point home because there's too many "iPads really is a computer replacement" people on these forums who don't seem to understand the panic of Mac users, let's take an extreme example:
If tomorrow Apple decides to stop making Macs, iPhones, iPads and everything else and only makes "expensive designer flavoured water" from now on and still makes even more profit, what would you think? You'd be forced to switch to Windows or Linux, forced to switch to Android. Would you still care about Apple's bank account then?
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