Sep 11, 2019

Apple Regain Its Status As A Trillion Dollar Company By Market Cap

Following the announcement of a new generation of iPhone series, iPhone 11, 11 Pro, and 11 Pro Max, as well as the 10.2-inch iPad, Apple Watch Series 5, and new services, Apple's stock price have surged since, and as of today, the company is trading $223.05 per share, which in results helped the Cupertino firm regain its status as a trillion-dollar company by market cap.


Wall Street firm Macquarie Research argues that the affordability of Apple TV+ has investors mirroring analyst's upbeat reaction, sending tech giant shares up 3% on Wednesday's mid-day trading. Barclays analyst Tim Long (via CNBC):
The biggest surprise for us is $4.99/month for tv+ with a free one-year subscription if customers purchase a new Apple device. This is reasonable pricing, given the small number of programs available during the first year, and should help Apple gain an initial audience base for its content
Back in August of last year, Apple first achieved a trillion-dollar valuation in August 2018 when its one share of stock worth $207, however, because the company continues to buy back its shares, it took a bit of higher share price this time to reach the $1,000,000,000,000 milestone.

In the meantime, Microsoft and Apple are competing for the most valuable company crown, Amazon is racing to reach $900 billion in valuation status. Yet, Google has seen little rise in inventory prices, as it now ranks #4 when it comes to the most valuable brand in the world, with a market capitalization of $844 billion. From what it seems, Apple is likely to remain at the second spot when the market closes today.

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