Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.


macrumors bot
Original poster
Apr 12, 2001

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While some publications declared Apple a trillion dollar company earlier in the day, this was based on an outdated number of outstanding shares in Apple from tools such as Yahoo Finance, which powers Apple's own Stocks app.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.

Article Link: Apple is Officially a Trillion Dollar Company as Shares Cross $207 Mark


macrumors G3
Nov 26, 2007
Keep pumping this bubble up. Who says your market cap should have anything to do with your current profits, or any reasonable (or even unreasonable) expectations for future growth?

Everyone saying you're taking shelter in index funds, beware that a lot of index funds are also hugely contributing to this bubble. Many invest in companies proportional to their market cap, so many index funds aren't as diversified as you like to believe. The Apple bubble concerns me enough that I'm in the process of moving my money out of several index funds which do include Apple and into index funds which exclude Apple, or at least have a smaller portion in Apple.

A year ago Apple was undervalued at $140. I'll give you that. That's why I bought then. They were overvalued when I sold at $190. They're even more insanely overvalued at $207. I'm waiting for the bubble to pop and them to drop to at least $160 before I think about moving back in.


macrumors 65816
Jul 14, 2005
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.


macrumors G3
Feb 23, 2010
Perhaps they will have a sale as a thank you to hundreds of millions of customers whosw money made this a reality for them.

Come on Apple give something back to those who made you what you are.

A nice gesture of good will to everyone on this historic day


macrumors 603
Jul 5, 2004
To the constant doubters, every single year, “Apple is doomed.”

Seems like they’re doing ok.
"Apple is doomed" is most often not about their bank account or their ability to create wealth. It's about their ability to keep being what Apple is - or at least what Apple used to be.

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?
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.