Apple Worth One Trilllllion Dollars
• Apple became the first $1 trillion company in history on Thursday, when its shares briefly climbed to $207.05, two days after the company announced the latest in a series of remarkably profitable quarters. The stock closed at $207.39, up nearly 3 percent.
“Apple’s $1 trillion cap is equal to about 5 percent of the total gross domestic product of the United States in 2018,” said David Kass, professor of finance at the University of Maryland. “That puts this company in perspective.”
Apple crossed that magical threshold in Thursday trading following a strong third-quarter report that showed earnings beat expectations and also showed increased revenue from the technology giant’s services and software businesses. Apple briefly hit the $1 trillion mark before falling back below it amid fast-moving trade. Wall Street loved it — Apple stock climbed nearly 9 percent since the earnings report.
CNBC calculated that a $1,000 investment in Apple stock early August 2008 would be worth more than $9,222.50 as of August 2, 2018, or over nine times as much, including price appreciation and excluding dividends.
