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

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Apr 12, 2001
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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.

Article Link: Apple Becomes First U.S. Company to Hit $1.5 Trillion in Market Value
 
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Shirasaki

macrumors G3
May 16, 2015
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With ARM Mac, will Apple double their market share because allegedly more people will buy ARM Mac? /s
 
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Analog Kid

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Mar 4, 2003
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The stock market is not the economy. It’s part piggy bank, part gambling den. The market is going up because big investors have no where else to put their money. In times of crisis, people want US dollar valued assets. They've already bought US bonds to the point that they are essentially zero or negative interest. Tech stocks are outperforming others because their business model is less affected than, say, financial stocks (see interest rates) or anything that involves travel or public entertainment.
 

Analog Kid

macrumors 603
Mar 4, 2003
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stock buy back with fake fed money printing and zero percent interest rates will make any company look good. iphony recovery and market valuation.
You can only buy stock back if you have money to do it with-- so not any company.

Unless you're suggesting they're somehow funneling stimulus funds into buybacks, in which case I'd be curious as to how?
 
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