$1,000,000,000,000 - Apple becomes first tech firm to cross this milestone!


$1,000,000,000,000 - Apple becomes first tech firm to cross this milestone!

Andrew Cummings
August 4, 2018

Apple, the world's most valuable publicly traded company, may be seriously undervalued, said longtime tech investor Eric Jackson, founder and president at EMJ Capital.

The price escalation has widened Apple's profit margins to the delight of investors, who have boosted the company's market value by about $83 billion - almost equal to the entire market value of American Express - since the quarterly report came out late Tuesday. Apple managed to cross the astronomical valuation after its stock jumped.

The Apple Inc. logo is displayed on a monitor outside the Nasdaq Market Site in New York City on Aug. 2 2018.
Peter Foley  Bloomberg
The Apple Inc. logo is displayed on a monitor outside the Nasdaq Market Site in New York City on Aug. 2 2018. Peter Foley Bloomberg

Shares surged after Apple reported earnings that topped forecasts and a healthy outlook on Wednesday. And as long as these companies continue to generate long-term earnings growth - as virtually every analyst expects - their share prices will continue to rise over the long haul. Apple is the first American public company to hit the mark.

How do you like them apples?


After becoming the first $1 trillion publicly-listed U.S. company on Thursday, Apple last traded up 0.1 percent at $207.57 (roughly Rs. 14,200) after falling as low as $205.48 (roughly Rs. 14,000) and as high as $208.74 (roughly Rs. 14,300), as it oscillated around the $207.0425 price that marked the record market cap. There are now 4,829,926,000 shares of Apple Inc. Revenues like that are the reason that Apple has managed to grow 50,000% since it listed in 1980, while other firms on the S&P 500 have only grown 2,000% in the same timeframe. The company has bought roughly a quarter of its own shares since 2012.

Apple Inc. the maker of aspirational products like MacBook Pro laptops, iPhones and such other high-end electronics, has managed to cross the Trillion dollar valuation. Amazon Inc. recently posted equally impressive and positive Q3 results. It became the first $900 billion company exactly nine months ago, on November 3, 2017.


To put $1 trillion into perspective, that would be enough to spend $1 million per day for thousands of years. But it is not the only company go have gone over the gargantuan milestone. Apple briefly hit the $1 trillion mark before falling back below it amid fast-moving trade. Moreover, it had managed to do so over a decade ago. There's no fundamental difference between Apple being worth $999 billion and $1.01 trillion.

The company also boosted its revenue from services, including Apple Music and the app store.


The company's stock climbed on Thursday in the wake of a successful second financial quarter, leaving it a few billion dollars off the $1tr market cap. Plus, the company is a moneymaking machine, which means you can tap into its supply chain for even more explosive profits... These figures make Apple the most profitable listed United States company.

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