Apple is worth over $1,000,000,000,000

Apple is worth over ,000,000,000,000
It happened. Apple won the race to $1 trillion in market capitalization. Following this week’s earnings release, Apple shares (NASDAQ:AAPL) briefly traded at $207.05, which values the company sightly over $1 trillion based on the most recent share count of July 20.
While the smartphone market is more or less saturated, Apple managed to increase its margins and the average selling price thanks to the iPhone X.
iPhone sales grew by 1 percent, but revenue jumped by 20 percent. With $53.3 billion in revenue, the company managed to grow by 17 percent year-over-year.
iPad sales are more or less flat while Mac sales are down. For the past few years, Apple has been saying that services are going to become a key part of the company’s bottom line. All various services (Apple Music, iCloud, Apple Pay, etc.) now represent $9.6 billion in revenue.
But let’s be honest. Apple is killing it on the iPhone front, and it’s all that matters.

Big tech companies have been performing incredibly well for the past year. Alphabet (Google), Amazon and Microsoft now all have a credible shot at crossing the $1 trillion mark.
It’s a meaningless milestone, but an impressive one — $1,000,000,000,000.
Apple has been the biggest company in the world when it comes to market cap for years. It might not remain the case forever, so the company can celebrate this moment.
Now that tech companies have become so big, it raises a ton of questions. Do they cause antitrust issues? Is there enough regulation to make sure they don’t hold too much economical and political power?
Apple (and Tim Cook) are more powerful than many countries and political leaders. Let’s hope they use this power for good.
Apple shares are now slightly below today’s high:

Source: Gadgets – techcrunch

Apple comes close to reaching $1 trillion

Apple comes close to reaching trillion
Update: Apple shares have now crossed the magic number that values the company at $1 trillion.
Apple has been performing incredibly well on the stock market for the past few days (NASDAQ:AAPL). While Yahoo Finance says that Apple is now worth over $1 trillion, this hasn’t yet happened. The company sent a filing to the SEC with an updated share count.

While everyone thought the magic number was $203.45, it was based on an outdated number. According to the filing, there are 4,829,926,000 Apple shares in circulation. Apple is going to hit $1 trillion when shares are worth $207.043 — so let’s say $207.05.
That’s why I posted a post earlier today claiming that Apple already hit $1 trillion — I’m sorry for the confusion. Shares are currently trading at $205.62. So Apple shares still need to jump by 0.7 percentage point to reach the market capitalization of $1 trillion.
Public companies don’t always have the same number of shares over time. Some companies, such as Apple, frequently buy back some of its own shares. It’s a vote of confidence as it means that you think your shares are going to keep going up in the future. It also reduces the number of outstanding shares, which mechanically increases the value of each share. Executives at bigger companies also get paid in shares. Sometimes, companies also issue new shares to raise capital.
For all these reasons, public companies need to send updated share counts. And it can take a bit of time before websites, such as Yahoo Finance, update their data set. In all cases, you should keep an eye on Apple shares today and see if they hit $207.05.

Source: Gadgets – techcrunch