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

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Aug 2, 2018.

  1. MacRumors macrumors bot

    MacRumors

    Joined:
    Apr 12, 2001
    #1
    [​IMG]


    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.

    [​IMG]

    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    While some publications declared Apple a trillion dollar company earlier in the day, this was based on an outdated number of outstanding shares in Apple from tools such as Yahoo Finance, which powers Apple's own Stocks app.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
     
  2. e-coli macrumors 68000

    e-coli

    Joined:
    Jul 27, 2002
  3. HiVolt macrumors 6502a

    HiVolt

    Joined:
    Sep 29, 2008
    Location:
    Toronto, Canada
    #3
    And yet, they nickel and dime us every step of the way...

    Just think how much more marketshare they could have if the products were more affordable. With each generation of whatever product, it gets more expensive.

    I guess greed has no boundaries.
     
  4. vertsix macrumors 65816

    vertsix

    Joined:
    Aug 12, 2015
    #4
    can someone explain to me why this is something to celebrate? how is this good for us, consumers?
     
  5. MacFather, Aug 2, 2018
    Last edited: Aug 2, 2018

    MacFather macrumors 6502a

    MacFather

    Joined:
    Mar 16, 2012
    #5
    Tim Cook's mission has been accomplished. It's time for a change.

    [​IMG]
     
  6. Andres Cantu macrumors 68030

    Andres Cantu

    Joined:
    May 31, 2015
    Location:
    Rio Grande Valley in South Texas
    #7
    To the constant doubters, every single year, “Apple is doomed.”

    Seems like they’re doing ok.
     
  7. Yvan256, Aug 2, 2018
    Last edited: Aug 2, 2018

    Yvan256 macrumors 603

    Yvan256

    Joined:
    Jul 5, 2004
    Location:
    Canada
    #8
    Maybe now they can afford to put SSDs in all the Macs. /sarcasm

    edit: I say "/sarcasm" because if you search (ex: on newegg) you'll see that a 128GB SSD costs less than a 500GB HDD.
     
  8. asdavis10 macrumors 6502

    asdavis10

    Joined:
    Feb 3, 2008
    Location:
    Bermuda
    #9
    What a milestone. A company that was so close to dead. As a stockholder for the past decade, I've certainly enjoyed the ride.
     
  9. Appleaker macrumors 68020

    Joined:
    Jun 13, 2016
    #11
    Now that they’ve reached this trivial goal they can stop pandering to shareholders. It’s time to put customers first.
     
  10. macintoshmac macrumors 68030

    macintoshmac

    Joined:
    May 13, 2010
    #12
    Okay, to commemorate, maybe we will see the company not scrimping on storage space for the iPhones and any other Mac hardware going forward. The least they could do.
     
  11. Tivoli_ macrumors member

    Joined:
    Dec 14, 2017
    #13
    I don't own any Apple stock, so I care more about Apple reducing the price of their products than becoming a "Trillion" dollar company.
     
  12. ArtOfWarfare macrumors G3

    ArtOfWarfare

    Joined:
    Nov 26, 2007
    #14
    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.
     
  13. anaudiopro macrumors 65816

    anaudiopro

    Joined:
    Mar 7, 2017
    #15
    Now that they have more money than GOD, how about focusing on Macs and not just iOS devices?
     
  14. MyMacintosh macrumors 6502

    MyMacintosh

    Joined:
    Aug 10, 2012
    #16
    Cool to be able to witness the first US company to do so
     
  15. Mathias Denichi macrumors 6502

    Mathias Denichi

    Joined:
    Jun 21, 2013
    #17
    But, that's how Apple got there in the first place. It doesn't fall far from the tree.
     
  16. Texas26257 macrumors regular

    Texas26257

    Joined:
    May 22, 2016
    #18
    I'm a stock holder do I celebrate
     
  17. donster28 macrumors 68000

    Joined:
    Oct 5, 2006
    Location:
    Great White North
    #19
    My AppleWatch suddenly celebrated with a "goal reached animation". Hmmm....I think I got Tim Cook's.
     
  18. Jay42 macrumors 65816

    Jay42

    Joined:
    Jul 14, 2005
    #20
    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.
     
  19. Piggie macrumors G3

    Piggie

    Joined:
    Feb 23, 2010
    #21
    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
     
  20. Yvan256 macrumors 603

    Yvan256

    Joined:
    Jul 5, 2004
    Location:
    Canada
    #22
    "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?
     
  21. DeepIn2U macrumors 603

    DeepIn2U

    Joined:
    May 30, 2002
    Location:
    Toronto, Ontario, Canada
    #23
    More cash for R&D, pay off any legal debts such as paying 2/3rds of the Irish tax bill, etc.

    I’m happy stock keeps rising :)
     
  22. Gorms macrumors 6502

    Gorms

    Joined:
    Aug 30, 2012
    Location:
    UK
    #24
    Wonderful news for around 1% or so of the worldwide population
     

Share This Page

370 August 2, 2018