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At current growth rates, Apple's market cap may hit the $4 trillion mark as early as next year, presuming that its valuations don't slip. However, Apple stock is fairly expensive right now.
The day before the announcement Apple had a market cap of $2.46 billion, [159] and had ended its previous quarter with quarterly revenues of US$1.7 billion and cash reserves of US$1.2 billion, [160] making the US$150 million amount of the investment largely symbolic. Apple CFO Fred Anderson stated that Apple would use the additional funds to ...
In May 2010, Apple's market cap exceeded that of competitor Microsoft for the first time since 1989. [119] In June 2010, Apple released the iPhone 4, [120] which introduced video calling using FaceTime, multitasking, and a new design with an exposed stainless steel frame as the phone's antenna system.
The following is a list of publicly traded companies having the greatest market capitalization, sometimes described as their "market value": [1] Market capitalization is calculated by multiplying the share price on a selected day and the number of outstanding shares on that day.
Shares have rallied more than 11% over the past month, and the iPhone maker is nearing a $4 trillion market cap. Apple is closing 2024 on a winning streak after a tough start to the year.
Apple (NASDAQ: AAPL) became the first company to top a $1 trillion market cap in 2018. Today, it remains the largest company in the world by market cap, sitting around $3.6 trillion.
In January 2022, Apple became the first publicly traded U.S. company in history to reach a market capitalization of $3 trillion. [33] In January 2023, Apple fell below $2 trillion. [34] Apple closed above $3 trillion for the first time in June 2023 and closed above $3 trillion again in December 2023. [35] [36]
Consumer tech giant Apple (NASDAQ: AAPL) has had a pretty good year, with its stock up roughly 19% as of Sept. 11, outperforming the broader market. However, like most tech stocks, September has ...