Apple has officially become the world’s first company to cross the trillion dollar mark, as stocks spiked upward following Tuesday’s quarterly results. According to CNBC, stocks rose nearly three percent, hitting a high of $207.05 in midday trading today before dropping back below $207 again. While 9to5Mac noticed Apple’s own Stocks app — based on Yahoo Finance — reporting that Apple had already hit the mark, it took Google Finance a while to catch up, as the Yahoo Finance numbers were based on outdated information regarding outstanding shares. The trillion dollar market capitalization is based on the company’s total outstanding shares — 4,829,926,000 in this case — multiplied by the price of each share, meaning the stock price had to reach $207.05 for Apple to cross the threshold. Apple’s stock has since dropped down below $207, placing its current market cap at only $999 billion, although Apple still retains the distinction of being the first company to reach one trillion dollars in valuation, even if only for a few moments, beating out rivals like Amazon, Microsoft, and Google’s Alphabet.
Latest News
- Apple TV+ drama series “The Mosquito Coast” to release on April 30
- Apple to release OLED iPad Pro & OLED 16″ MacBook Pro next year
- iPhone 11 free display replacement program
- iPhone XR vs iPhone 11: Budget shopping guide!
- Apple March Event: AirPods, Apple TV, iPad Pro
- MacX DVD Ripper Pro: Lifetime License is 63% Off
- The Sennheiser Momentum True Wireless 2 Earbuds is $50 Off Today
- Amazon launches ‘GameOn’ on iOS
- Apple TV+ acquires ‘Dr. Brain’ Korean webtoon series
- Best Buy Lively Health & Safety Services now on Apple Watch