Apple’s Stock Value Reaches $1 Trillion Total

Why Apple is inches away from $1 trillion valuation

Apple became the first US-based company with a market value of $1 trillion (R13.3 trln) after its shares went up 3 percent on Thursday.

The price of Apple moved above $207.04 and in the process, took the market capitalization to $1 trillion.

And if the trillion thing wasn't impressive enough, then get a bit of this - Apple's stock has risen more than 50,000% since it first listed in 1980.

Going forward, Apple, and other firms, will be looking to sell us different products because phones and computers have matured to a point where we feel like we don't need to buy a new one as often.

Hot on Apple's heels is Amazon.com, the second-largest listed US company by market value, at around $880 billion, closely followed by Google-owner Alphabet and by Microsoft.

Virtual assistant Siri is built into Apple devices, and the company boasts the most popular smart watch on the market.

Before Apple reported its third-quarter results on Tuesday, the market world was rife with speculation - and excitement - to see whether Amazon could indeed beat Apple to the draw.




Apple's stock chart today, showing a market cap of $1 trillion.

The achievement was due to a solid financial quarter in which the company posted a record $53 billion revenue, and of course a long history of beating expectations despite constant predictions that the company has peaked. When the big screens arrived, demand was fierce, setting off what Wall Street has come to call an iPhone supercycle. Meanwhile earlier this morning Apple's stock hit $207.50, so it is likely that the company will stay around a $1 billion market cap mark in the coming hours or days before either heading north or south. It was the time when the co-founder of the company, who was literally shown the door by the board mere few years before, chose to come back to turned the table by showing an exponential degree of commitment and confidence.

While other tech stocks have struggled, Apple has soared ahead.

Apple, the world's most valuable publicly traded company, may be seriously undervalued, said longtime tech investor Eric Jackson, founder and president at EMJ Capital.

After Apple's best June quarter ever, the company also projected a very successful Q4 in terms of earnings.

By 1997, the company had fallen on hard times and shares were worth just a few dollars.

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