Aug 2, 2018

Apple Now Officially Hits $1 Trillion Market Cap, First Company To Reach The Milestone

Apple finally reached another impossible milestone on August 2, 2018, with a stock market value of 1 trillion. The company achieved this milestone by hitting a stock price of $207.05 and above in intraday trading today. This comes after Apple reported its best-ever June quarter earnings.


Apple expects fourth-quarter revenues to be between $60 billion and $62 billion, or 16% to 19% year-on-year. This strong expectation indicates that it will launch a number of new hardware this fall. Rumors suggest that the company may release three new iPhones at the time, consumers expect Apple to launch a new version of the iPad Pro and a revamped Apple Watch.

However, like the most milestone, Apple has reached a trillion dollar market value, but it doesn't make it a huge deal. Of course, the milestone proves Apple's strength. For many years, the Cupertino firm is world's most market-worthy company, due to the popularity of products such as the iPhone and iPad.

Currently, Amazon is second closest to that milestone, with a market cap around the $877 billion mark, ranked third and fourth is Microsoft and Google, who have $852 million and $808 million, respectively.

According to The Washington Post, If you bought $10,000 in Apple when it first sold publicly traded stock at its initial public offering price of $22 in December 1980, it would now be worth around $6.3 million, including reinvested dividends.

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