Apple Becomes Trillion Dollar Company Again

[MacRumors]

Apple has regained its status as a trillion dollar company by market cap, which is its total outstanding shares multiplied by its stock price.

Apple achieved this milestone by hitting a stock price above $221.28 in intraday trading today, giving it a market cap slightly over $1,000,000,000,000 based on its 4,519,180,000 outstanding shares as of July 19, 2019, which the company disclosed in its most recent quarterly 10-Q filing with the SEC.

Apple first achieved a trillion dollar valuation in August 2018 with a $207 share price, but the company continues to buy back its shares, which is why it took a higher share price this time around to hit the 13-digit milestone.

Apple's stock is up over three percent since it hosted its annual iPhone and Apple Watch event at Steve Jobs Theater yesterday.

Apple and Microsoft, valued at around $1.03T, are currently the only U.S. companies with a trillion dollar market cap, but Amazon has achieved the milestone in the past and Google parent company Alphabet has come very close.

Article Link: Apple Becomes Trillion Dollar Company Again

 

[Cosmosent]

But NOT because of Innovation !

 

[AngerDanger]

Gotta be that 100% recycled aluminum.

 

[asdavis10]

Imagine where the stock will be next year after Apple actually announces new phones.

 

[Ms6boost]

Imagine where the stock will be next year after Apple actually announces new phones.

Such an edgy take

/s

 

[Bawstun]

The calm before the storm. Once they see how little these devices sell, the stock is going to tank in the coming years. Not good!

 

[ipponrg]

Apple has regained its status as a trillion dollar company by market cap, which is its total outstanding shares multiplied by its stock price.

Apple achieved this milestone by hitting a stock price above $221.28 in intraday trading today, giving it a market cap slightly over $1,000,000,000,000, based on its 4,519,180,000 outstanding shares as of July 19, 2019, which the company disclosed in its most recent quarterly 10-Q filing with the SEC.

Apple first achieved a trillion dollar valuation in August 2018 with a $207 share price, but the company continues to buy back its shares, which is why it took a higher share price this time around to hit the 13-digit mark.

Apple's stock is up over three percent since it hosted its annual iPhone and Apple Watch event at Steve Jobs Theater yesterday.

Article Link: Apple Becomes Trillion Dollar Company Again

So are you going to check daily informing us whether or not it falls below or above the market cap?

 

[citysnaps]

Excellent news and well deserved!

 

[Mosey Potter]

Well that’s what stock buybacks will get you, but this is not the true value of this company.

 

[69Mustang]

Yay... I guess

 

[TantalizedMind]

I have $138 to my name. Yay!!!!

 

[needfx]

enter the Dr Doom & Glooms of the forum

 

[Rogifan]

Yahoo finance has the market cap at $983B.

 

[realtuner]

The calm before the storm. Once they see how little these devices sell, the stock is going to tank in the coming years. Not good!

Suuuure. If you keep repeating this maybe you'll eventually get lucky and be right.

 

[Stephen.R]

I hope their stock plummets.

Stock is going down as we speak

A total embarrassment and their stock price is going to plummet.

Imagine where the stock will be next year after Apple actually announces new phones.

The calm before the storm. Once they see how little these devices sell, the stock is going to tank in the coming years. Not good!

Well that’s what stock buybacks will get you, but this is not the true value of this company.

Do you people get paid to complain? I couldn't give two ***** about the stock price, so long as the company is healthy, and I don't think it's particularly newsworthy that a company stock price increases a little bit, but the constant "this product is crap, the company is doomed" approach followed by "oh but just wait till X happens" when sure enough the people outside of MacRumors forum don't all suddenly **** their pants and abandon Apple as predicted is getting pretty tired now.

 

[citysnaps]

Do you people get paid to complain? I couldn't give two ***** about the stock price, so long as the company is healthy, and I don't think it's particularly newsworthy that a company stock price increases a little bit, but the constant "this product is crap, the company is doomed" approach followed by "oh but just wait till X happens" when sure enough the people outside of MacRumors forum don't all suddenly **** their pants and abandon Apple as predicted is getting pretty tired now.

Those are typical responses of those who are perpetually not happy with themselves or where they are in life. Ragging on someone, something, or some company helps them to deal with it and feel better about themselves. For the next ten minutes or so.

 

[m0sher]

Only going up from here too. Apple self driving cars anyone?

 

[snowboarder]

So sad. It doesn't matter what they show. Just some weird interpretation of the future stock behavior.
Who cares what the company really does. Remember when Zuck was asked all those silly questions when he was
interrogated by the senate? Those old senators had no clue what was going on. Same here...

 

[thecastle]

The calm before the storm. Once they see how little these devices sell, the stock is going to tank in the coming years. Not good!

Except the iPhone XR, which was widely predicted on this forum to be a gigantic sales failure, was the best selling phone this year. The iPhone 11 is even $50 cheaper than the XR, Apple does their market research very well. The stock will do the exact opposite of tanking.

 

[aFlockaCgulz]

So sad. It doesn't matter what they show. Just some weird interpretation of the future stock behavior.
Who cares what the company really does. Remember when Zuck was asked all those silly questions when he was
interrogated by the senate? Those old senators had no clue what was going on. Same here...

The shareholders.
[doublepost=1568218378][/doublepost]

Do you people get paid to complain? I couldn't give two ***** about the stock price, so long as the company is healthy, and I don't think it's particularly newsworthy that a company stock price increases a little bit, but the constant "this product is crap, the company is doomed" approach followed by "oh but just wait till X happens" when sure enough the people outside of MacRumors forum don't all suddenly **** their pants and abandon Apple as predicted is getting pretty tired now.

It’s been happening with every release for years now. Apple releases something that isnt “good enough” in their mind, and then they hope that Apple tanks because of it.

It’s pathological.

 

[JohnApples]

Except the iPhone XR, which was widely predicted on this forum to be a gigantic sales failure, was the best selling phone this year. The iPhone 11 is even $150 cheaper than the XR, Apple does their market research very well. The stock will do the exact opposite of tanking.

The XR launched at $749, while the 11 is $699- so it’s actually $50 cheaper, not $150.

 

[thecastle]

The XR launched at $749, while the 11 is $699- so it’s actually $50 cheaper, not $150.

You are correct, I'll edit my post.

 

[JohnApples]

You are correct, I'll edit my post.

Your point still stands regardless. The best selling iPhone from last year gets an improvement + a price reduction? It’ll definitely sell.

 

[macfacts]

But NOT because of Innovation !

loyal fans probably

 

[Stephen.R]

The shareholders.
[doublepost=1568218378][/doublepost]

It’s been happening with every release for years now. Apple releases something that isnt “good enough” in their mind, and then they hope that Apple tanks because of it.

It’s pathological.

Between this, and the ridiculous "well this is not that different than <model released 12 months ago>, why would I upgrade" comments I find it quite hard to relate to those with the loudest voices here - calling anyone that might show a different opinion a "fan boy" while simultaneously making it patently clear that they want any excuse to buy every shiny new release of a device just because it's newer, as opposed to doing what the vast majority of people in the real world do, and using a device for several years and getting a nice bump in features when they upgrade.