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Apple's Market Cap Exceeded 1.5 Trillion Dollars

posted by martyb on Sunday June 14 2020, @09:16AM   Printer-friendly
from the That’s-a-big-apple- dept.

upstart writes in with an IRC submission:

Apple is now worth 1.5 trillion dollars:

[On Wednesday, June 10], Apple became the first US company to achieve a $1.5 trillion market capitalization. The stock surged even as investors began pulling back in many other areas of the economy.

Reasons given by investors for the optimism include anticipation of the launch of a 5G iPhone this fall, signs of strong App Store sales, and interest in the potential of ARM-driven Macs, based on a Bloomberg report yesterday that said Apple may announce an ARM transition at its annual developer conference later this month.

Yesterday and today, Apple's movement ran counter to most of the rest of the market, where investors' actions have reflected fear of a global coronavirus resurgence and anticipation of bad news from the US Federal Reserve in a report due out today.

Market capitalization essentially means the total number of shares of a company being traded multiplied by the current trading value of a share in that company, making it the best publicly available measure of the company's actual value.

AAPL was at $338.40 per share as of June 13 which gave it a total market capitalization of $1.47 trillion.

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  • (Score: 1) by khallow on Monday June 15 2020, @03:03AM

    by khallow (3766) Subscriber Badge on Monday June 15 2020, @03:03AM (#1007993) Journal

    China's hybrid systems seems to be going pretty well for them

    "Hybrid" here means abandoning Communism in all but name.

    but their current structure allows them to make really quick and cohesive decision instead of the opinion fest and indecisiveness (and in-fighting) of a lot of the western democratic system.

    Which is great when those quick and cohesive decisions agree with what you want. When they don't, it sucks much worse than the indecisive Western democratic systems which mostly leave you alone.