AAPL just passed the $1 trillion mark on the Stocks app

Aug 2, 2018 16:14 GMT  ·  By

According to the Stocks app on iOS, Apple has just become the world's first trillion dollar company with more than $1 trillion market cap as AAPL crossed the $207.05 level per share.

It took Apple more than forty years, but it is now officially the world's first trillion dollar company, according to Google Finance and Yahoo Finance, the latter begin used as the source in Apple's own Stocks app for iOS on iPhone and iPad devices, as well as on the Mac beginning with the upcoming macOS Mojave release this fall.

Apple's recently announced $53.3 billion revenue for the third 2018 fiscal quarter could be the reason Apple's stock market value just passed the 13-digit valuation as the Cupertino, California-based company made $11.5 billion profit by selling more than 41 million iPhone devices in just over four months.

At the moment of writing, the Apple Inc. (AAPL) stock chart at NASDAQ is oscillating, and while it was that close to pass the $207 level per share mark, which made Apple the first $1 trillion company a few minutes ago, it's currently going down. The market cap represents the current stock price multiplied by the total number of shares.

A pleasant milestone for Apple

If Apple did it, other big companies like Amazon or Microsoft could also reach the $1 trillion market cap in the coming months or years, but at the end of the days, these are just numbers that don't mean too much for the customers. It's a pleasant milestone for Apple though to become the first trillion dollar company, even just for a few minutes.

We'll monitor AAPL in the coming days to see Apple passes the $1 trillion market cap again and if it stays there, and for how long, of course. But what interests us most about Apple is the next generation iPhone, iPad, and Apple Watch devices that the Cupertino, California-based company has in store for us this fall, as we can't wait to get our hands on them hoping for innovations.

Apple now has a $1 trillion market cap
Apple now has a $1 trillion market cap

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Apple is world's first $1 trillion company
Apple now has a $1 trillion market cap
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