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Today in Apple history: Apple market cap breezes by Walmart


Apple could be a $2 trillion company by end of 2021
At this point, a $200 billion market cap seems almost quaint for Apple.
Photo illustration: Ste Smith/Cult of Mac

March 12: Today in Apple history: Apple overtakes Walmart in value March 12, 2010: Apple passes Walmart and investment firm Berkshire Hathaway in value to take third place in market capitalization among publicly listed U.S. companies. The Apple market cap soars past $200 billion, fueled by intense excitement over the first-generation iPad.

Things look good for the company as it guns for powerhouses ExxonMobil and Microsoft.

Today in Apple history: Apple IPO mints instant millionaires


Apple is worth more than the entire US energy sector combined
December 12, 1980, was an incredibly important day for Apple.
Photo: Ste Smith/Cult of Mac/401Calculator

December 12: Today in Apple history: Apple goes public at $22 per share, minting instant millionaires December 12, 1980: Apple goes public, floating 4.6 million shares on the stock market at $22 per share. The Apple IPO is the biggest tech public offering of its day, and more than 40 out of 1,000 Apple employees become instant millionaires.

As Apple’s biggest shareholder, 25-year-old Steve Jobs ends the day with a net worth of $217 million. However, the big payday triggers internal tensions as it highlights Cupertino’s class divide.

Today in Apple history: Lousy quarter proves Steve Jobs isn’t invincible


$1 trillion value
A perfect storm of bad news leads to a massive $195 million quarterly loss for Apple.
Photo: Apfellike

December 6: Today in Apple history: Apple suffers first quarterly loss since Steve Jobs' return December 6, 2000: Apple Computer’s stock price falls after the company posts its first quarterly loss since Steve Jobs’ return to Cupertino in 1997.

Shares tumble $3 to just $14 a share as doom-predicting pundits worry that the big Apple comeback might come screeching to a halt. Little did they know …

Today in Apple history: Apple stock smashes through $700 barrier


bull Wall Street
Like a bull in an ... Apple store?
Photo: Sam Valadi/Flickr CC

September 17: Today in Apple history: Apple stock smashes through $700 a share September 17, 2012: On the back of record iPhone 5 preorders of 2 million in 24 hours, Apple’s stock price hits a new all-time high. For the first time in history, AAPL breaks the $700 mark in after-hours trading. Passing the milestone cements Cupertino’s place as the world’s most valuable publicly traded company.

Amazingly, the new record is $270 a share higher than at the start of the year. Apple stock rose 65% in just nine months.

Today in Apple history: Apple steals a financial record from Microsoft


Tim Cook earnings apple
Yet another financial milestone.
Photo: Ste Smith/Cult of Mac

Aug 20: Today in Apple history: Apple passes Microsoft as most valuable publicly traded stock ever August 20, 2012: Apple passes a financial milestone as it becomes the most valuable publicly traded stock ever.

The company it bests to attain this record? Longtime rival Microsoft, which peaked on December 30, 1999. Apple’s surge to the top spot serves as a reminder of just how radically the fortunes of both companies changed over the years.

Apple passes $3 trillion mark cap … again


Apple money cash
The total value of all AAPL shares passed the $3 trillion mark.
Photo: Cult of Mac

Apple is once again worth a whopping $3 trillion. Hitting this market capitalization milestone reflects what an amazing 2023 the company is having, considering its market cap dropped below $2 trillion at the beginning of the year.

The company previously surpassed the triple-trillion mark 18 months ago.

How low can it go? Apple market cap dips below $2 trillion.


Tim Cook makes the case for Apple during Congress' antitrust hearing.
Apple CEO Tim Cook says that share price is "not the most important measure of our success" but he can't be happy about the recent slide in value.
Photo: C-SPAN

The months-long slide in the value of Apple shares reached the point on Tuesday that the company is now worth less than $2 trillion.

In an ironic twist, this happened exactly one year to the day after it surpassed the $3 trillion mark.

Surprise! Apple is 2022’s ‘biggest stock-market loser.’


By one important measure, Apple is this year's biggest stock-market loser.
By one important measure, Apple is this year's biggest stock-market loser.
Photo: Ste Smith/Cult of Mac

It’s no secret 2022 has been a volatile year for tech stocks, even as Apple has stayed locked in its familiar role of stock market juggernaut, somehow always beating earnings expectations.

So you might be surprised to hear “Apple is this year’s biggest stock-market loser,” according to a report.

Apple dethroned as world’s most valuable company


Bullish Apple analysts aren’t panicking about coronavirus…yet
Wall Street has not been kind to Apple in 2022.
Photo: Brad Gibson/Cult of Mac

Apple is no longer the world’s most valuable company. That honor now goes to the Saudi Aramco oil giant. The Mac-maker had (mostly) held onto the title since 2020, but has now lost it.

So far in 2022, the value of AAPL shares is down 20%, while the share value of the Saudi oil company has surged 25%.

Apple might lose title as world’s most valuable company


International governments plan to rethink tax rules for the ‘digital age’
Apple is still the world’s most valuable company, but just barely.
Photo: Pixabay/Pexels CC

For a brief period, the Saudi Aramco oil giant took over from Apple as the world’s most valuable company. A rally on Tuesday has since put the Mac-maker back on top, but all it would take is another bad day on Wall Street for Apple to lose the title again.

This comes after Apple has lost over 14% of its value in 2022, while Aramco gained about 28%.

Apple stock sees 10th consecutive increase for first time in over a decade


Apple stock sees 10th consecutive rise
AAPL keeps on climbing.
Image: Apple/Google

Apple’s share price was up 0.5% at the end of trading on Monday, marking a 10th consecutive increase for the first time in more than a decade.

That’s despite reports that indicate Apple has been forced to slash iPhone SE 3 orders due to weaker-than-expected demand. But one analyst says investors are more interested in the performance of iPhone 14 later this year.

Berkshire Hathaway calls Apple ‘ungodly well-managed’


Warren Buffett's Berkshire Hathaway remains bullish on Apple.
Warren Buffett's Berkshire Hathaway remains bullish on Apple.
Photo: Kevin Dooley/Flickr CC

Charlie Munger, investment company Berkshire Hathaway’s vice chairman, laid out high praise for Apple during an interview with Yahoo! Finance on Thursday. He called the Cupertino juggernaut “ungodly well-managed.”

He also described Apple as “one of the strong companies” and said he expects it to remain so.

What it will take to push Apple to $4 trillion


Apple MacBook cash dollars money
Apple will be at a $4 trillion marker capitalization before you know it. Here’s why.
Photo: Ed Hardy/Cult of Mac

Two monumental events happened this week. Apple became the first U.S. company to be worth an astonishing $3 trillion. And a day later came the official end of BlackBerry — a series of phones that once dominated the market.

The collapse of BlackBerry is proof that today’s winners aren‘t inevitably tomorrow’s. While in the coming years Apple could become the first company to reach $4 trillion, it also could start down a path that ends in failure.

Here’s some of what Apple will do so it doesn’t end up like BlackBerry.

Apple wins race to $3 trillion market cap


Apple earnings blow past analysts’ estimates yet again
After growing steadily for years, Apple’s market capitalization passed the $3 trillion point.
Photo: Cult of Mac

Apple just became the first publicly traded U.S. company to be valued at a whopping $3 trillion. AAPL stock topped out at $182.88 a share Monday before dropping slightly, bringing the market cap back below the $3 trillion milestone.

It closed at $182.01, leaving Apple’s market cap at an astonishing $2.99 trillion. But it continued to climb once again in after-hours trading.

Apple passes Microsoft to again become world’s most valuable company


Apple money cash
Apple is back on top, with a valuation higher than Microsoft. And Google, too.
Photo: Cult of Mac

A sharp rise in Apple’s share price allowed the Mac-maker to regain the title of publicly traded company with the highest market capitalization n the world. It beat out Microsoft, who’d held the top spot for less than a month.

An unconfirmed report of Apple’s aggressive plans to make self-driving cars helped drive a 6% increase over the past week.

Apple becomes world’s most profitable company


International governments plan to rethink tax rules for the ‘digital age’
Apple earned more profits than any other company in the world.
Photo: Pixabay/Pexels CC

Apple made more money in the last year than any other company in the world, according to the new Fortune 500 rankings. With annual profits of $57.5 billion, no other enterprise came particularly close, with the nearest rival earning about $8 billion less.

This goes a long way toward explaining why Apple remains the most valuable publicly-traded company in the world.

Warren Buffett’s premature Apple selloff cost his firm $20 billion


Warren Buffet is Apple's biggest investor.
Photo: CNBC

Warren Buffett is one of the greatest financial masterminds of our time. But he’s not infallible. Sometimes even Warren makes mistakes — and one of those recent mistakes was called Apple.

Buffett’s Berkshire Hathaway firm has long invested in Apple, with Buffett once saying that, “I don’t think of Apple as a stock. I think of it as our third business. It’s probably the best business I know in the world. And that is a bigger commitment than we have in any business except insurance and the railroad.”

Apple has done extremely well for Buffett. The company’s stake in Apple has tripled in value in the past three years. On Wednesday, as Apple closed at a new all-time high, it was worth $128 billion. It accounts for more than 40% of Berkshire’s US portfolio, while Berkshire is Apple’s second larger shareholder (after index fund giant Vanguard.) However, Buffett has also been pruning his Apple stake. And it’s cost him.

Apple stock jumps nearly 2% to snap its losing streak [Updated]


Do I understand it? Nope.
Photo: Josh Davidson/Cult of Mac

Apple is the world’s most valuable public company, days from unveiling new software and hardware at WWDC, in the middle of its hottest iPhone cycle in years, and having just debuted its biggest iMac redesign in years. So all is good, then?

Well, apparently not. In fact, a report Friday notes that Apple stock is currently on track for its longest weekly losing streak in more than two-and-a-half years. Because the stock market works in mysterious ways.

Update: AAPL closed at $125.89 Friday, up $2.35 (or 1.9%). So much for the losing streak.

Snap up some cheap AAPL stock while it’s tanking


AAPL shares took a nosedive on Tuesday
Apple’s stock price went down quite a bit.Perhaps now’s the time to buy
Photo: Cult of Mac

Apple shares spent much of Tuesday down 4% in value. The AAPL selloff was part part of a general drop in tech stocks amidst fears of a rise in interest rates.

At one point during the day, the value of each AAPL stock had dropped about $5.30. That’s a decrease of roughly $88 billion in Apple’s $2.1 trillion market capitalization.

Update: Apple shares finished the day down 3.54%.

Apple still the biggest tech giant, but it’s Big Tech’s worst performer of 2021 so far


The stock market is kinda weird.
Photo: Josh Davidson/Cult of Mac

Apple’s market cap has climbed more than $13 billion this year alone, equal to the company’s entire net worth in mid-2004. But that’s still enough to make it an underperformer next to its tech titan peers.

In a Wednesday report, the Wall Street Journal notes that Apple has risen 1.3% in 2021 so far. That’s compared to an average of 16% for Microsoft, Amazon, Facebook, and Google parent company Alphabet. It’s also way less than the 81% Apple soared in 2020.

How to attend Apple’s 2021 virtual shareholders meeting


The Apple 2021 Annual Meeting of Shareholders will be held February 23.
The Apple 2021 Annual Meeting of Shareholders is this week. Here’s how you can take part.
Graphic: Cult of Mac

Apple’s annual shareholders meeting won’t take place on the Apple Park campus this year as it ordinarily would. With the COVID-19 pandemic dragging on, it’ll be a virtual-only event in 2021. This is likely to increase participation in the February 23 meeting. And if you own AAPL shares, you can attend.

Here’s what you need to do.