| Cult of Mac

Apple is (probably) a $1 trillion company again


apple stock price
Apple stock prices spent the whole year on the rise and ended trading Wednesday with a $1 trillion valuation.
Photo: Buster Hein/Cult of Mac

Apple’s stock made up more than $400 billion over the last nine months and ended today a $1 trillion company.

It’s a remarkable recovery, considering Apple closed the day on Jan 3. at $142.19 a share. Today, Apple’s shares rosed 3.2 percent to close at $223.59 for a $1.01 trillion market capitalization.

Share buybacks mean that Apple hasn’t actually reclaimed $1 trillion crown


European Commission could get even tougher on tech in 2020
There's still a bit more that Apple needs to do.
Photo: Ste Smith/Cult of Mac

Yesterday, numerous news outlets (including ourselves, based on data from Yahoo Finance) reported that Apple had reclaimed its $1 trillion crown.

However, a filing made late Wednesday reveals that Apple has not actually hit that milestone just yet. A company’s market cap is calculated by multiplying a company’s outstanding shares by the market price of one share. As a result of Apple’s continuing share buyback program, there are fewer outstanding shares available.

Apple is valued at $1 trillion once more


Cash app with cash money
That sound you hear is glasses clinking in Cupertino!
Photo: Ian Fuchs/Cult of Mac

Apple has won back its hard-fought $1 trillion market cap, after share prices rose following yesterday’s earnings triumph.

AAPL is currently trading at $213.20, giving it a market cap of just over $1 trillion. Shares rose 6% in early morning trading. This is a particularly triumphant moment for Apple after its stock price temporarily tanked at the end of last year.

Apple temporarily loses its $1 trillion market cap


Tim Cook earnings apple
Apple made a whole lot of money, but not enough for some investors.
Photo: Ste Smith/Cult of Mac

There was a lot to be enthusiastic about from yesterday’s Apple earnings, but some investors are rattled by weaker-than-expected iPhone sales.

As a result, Apple’s valuation dipped below the $1 trillion mark for the first time since the company hit that milestone earlier this year. The slide could well continue in the early part of today.

Amazon becomes the next $1 trillion company after Apple


$1 trillion
Amazon became only the second company, behind Apple, to reach the $1 trillion market valuation.
Photo: Roberto Baldwin/The Next Web

Amazon became the second member of the $1 Trillion Club this morning – then left it after stock prices dipped.

Amazon crossed the threshold at $2050.27, five weeks after Apple was first to reach $1 trillion. By early afternoon, Amazon shares were trading at $2,035.64.

Watch out, Apple: Amazon could be worth $2.5 trillion by 2024


Amazon beats Apple and Google to be named 'most valuable' brand
Amazon CEO Jeff Bezos has a lot to be cheerful about!
Photo: Steve Jurvetson/Flickr CC

Apple may have pipped Amazon to the post by being the first company to hit $1 trillion (despite some predictions to the contrary), but Amazon has nothing but good things in its future.

According to a new report from MKM Partners, by 2024 — roughly five years from now — Amazon could be valued at a whopping $2.5 trillion. Amazon Web Services alone could, meanwhile, be valued at a whopping $1 trillion, approximately the same valuation Apple holds today.

Ralph Nader tells Apple to give massive profits to the little guys


quotes on Apple
Ralph Nader says Apple management spent $100 billion to "enhance their own executive compensation package."
Illustration: Cult of Mac

Apple becoming the world’s first trillion dollar company has put it in the crosshairs of consumer advocates, including Ralph Nader. He heavily criticized the company for a $100 billion stock buyback, instead of using the money to pay employees more, improve recycling efforts, increase R&D, or making other productive investments.

Nader is angered that businesses like Apple have spent so much of the Republican tax cuts put in place last year on stock buybacks, rather than the “productive investment and jobs” they promised. 

On Apple’s trillion-dollar day, Guy Kawasaki wishes he was there


Guy Kawasaki
Apple reaching a $1 trillion value gives Guy Kawasaki a lot to think about.
Photo: Guy Kawasaki

Guy Kawasaki made history with Apple. So you would expect he would have a lot to say today when stock prices surged high enough to make his old employer the first trillion dollar company.

For one thing, the marketing guru behind the success of the Macintosh computer wishes he hadn’t turned down an offer from founder Steve Jobs to return to Apple.