Apple Becomes First U.S. Company to Hit $1.5 Trillion in Market Value

After a strong performance yesterday that pushed Apple's stock price to another record high, shares are up over two percent again today. With today's boost, Apple's market capitalization has surpassed $1.5 trillion, making it the first U.S. company to reach that mark.

aapl 1 5 triillion
Market capitalization is simply the share price multiplied by the number of outstanding shares of the company's stock, yielding the company's overall stock market value. At a current price of around $352 per share and with roughly 4.3 billion shares outstanding, Apple's market capitalization is now at around $1.53 trillion.

Apple's total share count has been declining in recent years as the company has been aggressively buying back stock, which helps to increase the value of the remaining shares on the market. That decrease in share count is, however, accounted for in market capitalization calculations.

After hitting an all-time high share price in late January, Apple's stock slid along with the rest of the market amid the global health crisis, with Apple's share price falling 35% from its peak by late March. A strong and steady recovery brought Apple back up to a fresh all-time high last Friday, and it has continued to gain in recent days.

Tag: AAPL

Top Rated Comments

Spungoflex Avatar
48 months ago
You’d think they’d be able to afford a $3 heat pipe for the MacBook Air. Maybe once they reach $2 trillion.
Score: 26 Votes (Like | Disagree)
nylonsteel Avatar
48 months ago
mr. jobs would be proud - r.i.p.
Score: 16 Votes (Like | Disagree)
markfc Avatar
48 months ago
Off to clear out my garage and start working on motherboards...?
Score: 15 Votes (Like | Disagree)
incoherent_1 Avatar
48 months ago
Wherever he is, I hope Steve can see the success of his baby. Apple has improved so many lives in big and small ways.
Score: 15 Votes (Like | Disagree)
Spungoflex Avatar
48 months ago

Sure wish I'd bought more Apple stock back in March but enjoying what I have at least.
The market bouncing back was the easiest call in the world. But even I had no idea it would be this soon. I was thinking at least a year... not a few months.
Score: 12 Votes (Like | Disagree)
macfacts Avatar
48 months ago
Congratulations, your prize is a $2000 iPhone.
Score: 10 Votes (Like | Disagree)

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