Apple's market capitalization is not $1 trillion - yet

Posted:
in AAPL Investors edited August 2018
Despite some erroneous reports on Thursday morning universally based on outdated data about the number of outstanding shares, Apple's valuation has not yet reached $1 trillion, but it is on its way.

Apple's stock app, erronenously listed its market cap at over $1 trillion


The trillion-dollar watch has been underway for several months now, as stock observers have watched whether Apple or Amazon would become the first company in history to reach a market capitalization of $1 trillion.

Apple's strong third-quarter earnings have been pushing the company's stock upward this week, and it hit another milestone, a $200 share price, on Wednesday. And while Apple remains very close to reaching the magic $1 trillion mark, it hadn't yet hit it as of Thursday morning.

On Wednesday, Apple announced an adjusted share count, which is now 4,829,926,000. According to CNBC, the new count means that Apple's stock will be required to reach $207.05 in order to hit the $1 trillion market cap.

Under the previous share count, that number was $203.45. The stock tickers were, and are, using the older share number.

Some stock tickers Thursday, including the one on Apple's own Stocks app, listed the valuation at over $1 trillion, but that's based on the old data that was provided by Yahoo.

Apple reached as high as $206.42 on Thursday morning so far, a nearly 5 percent gain over its opening price of $200.58, but still below the number needed to reach $1 trillion. But, that number is in sight.

Comments

  • Reply 1 of 16
    SpamSandwichSpamSandwich Posts: 30,558member
    $206.58!
    watto_cobra
  • Reply 2 of 16
    alanhalanh Posts: 39member
    $206.42 is nowhere near a 5% gain over its opening price. Its not even 3%! Shocking maths skills.
    edited August 2018 SpamSandwich
  • Reply 3 of 16
    lkrupplkrupp Posts: 6,608member
    $206.73 at 11:27 EST. About $0.32 to go!
    watto_cobra
  • Reply 4 of 16
    SpamSandwichSpamSandwich Posts: 30,558member
    $206.77!
  • Reply 5 of 16
    SpamSandwichSpamSandwich Posts: 30,558member
    $206.92!
  • Reply 6 of 16
    SpamSandwichSpamSandwich Posts: 30,558member
    Seems almost like they’re messing with us, dancing near the edge of $1 trillion, especially since the $207.05 amount was calculated out.
    watto_cobra
  • Reply 7 of 16
    SpamSandwichSpamSandwich Posts: 30,558member
    $206.99!
  • Reply 8 of 16
    nunzynunzy Posts: 662member
    Apple should be worth more than any other company because they do more good in the world than any other company.
  • Reply 9 of 16
    mjtomlinmjtomlin Posts: 1,793member
    Why does Google only show AAPL at 960B?
    watto_cobra
  • Reply 10 of 16
    SpamSandwichSpamSandwich Posts: 30,558member
    nunzy said:
    Apple should be worth more than any other company because they do more good in the world than any other company.
    That’s not how it works. A stock is worth whatever people are willing to pay for it.
    nunzywatto_cobra
  • Reply 11 of 16
    tmaytmay Posts: 3,386member
    Some think that Apple is actively avoiding the 1 Trillion milestone...

    Me, i would be happier if Amazon crosses it first, and gets the glory with all of the downsides of being the "leader" that goes with that.
    edited August 2018
  • Reply 12 of 16
    emoelleremoeller Posts: 415member
    Actually it JUST DID according to CNBC @ 8:48:04 PST.   Has pulled back a bit since then.  In my mind it won't count unless the closes above $1T, but it did hit it this morning.

    Pundits are bringing up the "law or large numbers" BS again (essentially the thesis is that as companies get larger it becomes more difficult to drive growth)...
    edited August 2018 watto_cobra
  • Reply 13 of 16
    rogifan_newrogifan_new Posts: 3,750member
    Let’s see if it closes at or above $1T. IMO intra-day doesn’t really count.
    edited August 2018 tmay
  • Reply 14 of 16
    It just did!!!!

    I am verklempt.
    watto_cobra
  • Reply 15 of 16
    lazybug7lazybug7 Posts: 2unconfirmed, member
    its not the app mistake, its the data source. Maybe they pull it from yahoo finance.
    watto_cobra
  • Reply 16 of 16
    SpamSandwichSpamSandwich Posts: 30,558member
    $207.05! It hit!
    edited August 2018 watto_cobra
This discussion has been closed.