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.
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.
Popular Stories
Apple acquired Canadian startup Mayday Labs in April 2024, according to a European Commission listing, spotted by French blog MacGeneration. The acquisition had not received widespread attention from tech publications until now.
Apple is legally required to report certain acquisitions to the European Commission, under the terms of the EU's Digital Markets Act.
Mayday Labs founder Jeremy...
The first iOS 19 beta is just one month away, and there are already many new features and changes that are expected with it.
Apple should seed the first iOS 19 beta to developers immediately following the WWDC 2025 keynote, which is scheduled for Monday, June 9. Following beta testing, the update should be released to the general public in September.
Below, we recap the key iOS 19 rumors...
As promised, Epic Games today submitted Fortnite to the U.S. App Store, and if approved by Apple, it will mark the first time that the Fortnite app has been available in the United States since 2020.
Fortnite will include options to purchase in-app currency from the web rather than through in-app purchase, which is what got the game banned to begin with. This time, though, Apple has been...
Apple today seeded the release candidate version of iOS 18.5 to developers and public beta testers, giving us a look at the final version of the update that will be provided to the public next week.
With the release candidate, Apple provided release notes, so we have a more complete look at the new features that are included in the update, including those that weren't found during the beta...
Despite being more than two years old, Apple's AirPods Pro 2 still dominate the premium wireless‑earbud space, thanks to a potent mix of top‑tier audio, class‑leading noise cancellation, and Apple's habit of delivering major new features through software updates. With AirPods Pro 3 widely expected to arrive in 2025, prospective buyers now face a familiar dilemma: snap up the proven...
With Apple's developer conference where it will show off iOS 19 just a month away, the company is wrapping up work on iOS 18.5 ahead of an imminent release to deliver a few new features and updates.
This week also saw a number of iPhone-related rumors, encompassing not only this year's iPhone 17 lineup but also Apple's plans for 2026 and 2027, even as Apple's Eddy Cue suggested AI could make ...
Apple is considering raising prices for its upcoming iPhone 17 models set to release this fall, according to people familiar with the matter cited by The Wall Street Journal.
The company reportedly aims to pair the potential price hikes with new features and design changes to justify the increased cost to consumers, rather than attributing them to U.S. tariffs on goods from China.
The...
