Apple becomes first U.S. public company to reach a $1 trillion valuation

Apple becomes first U.S. public company to reach a $1 trillion valuation
It seems that Wall Street analysts were wrong about Apple-again. Back in March, many of Wall Street's "sharpest minds" expected Amazon to be the first U.S. public company to reach a one trillion dollar valuation. Even though Apple was worth $140 billion more than Amazon at the time, the latter's shares were rising faster on a percentage basis. That led Wall Street to expect Amazon to hit the trillion dollar mark with Apple following a week later. The only part of the prediction that they got right was the timing; analysts expected the breach of the trillion dollar mark to take place in August. This morning, Apple's shares hit the price of $207.05 that by CNBC's calculation results in a trillion dollar valuation for the company.

The latest surge in the stock price came after Apple reported better than expected fiscal third quarter earnings after the market closed on Monday. Hitting a trillion dollar valuation is quite an achievement for the company and the two Steves (Jobs and Wozniak) who founded Apple back on April Fool's Day 1976. On December 12th, 1980, Apple went public at $22. After several stock splits, that is the equivalent of 39 cents for each share.

Apple is actually not the first public company to be valued at one trillion dollars. Back in early November 2007, a company called PetroChina hit the mark after its IPO. But what happened afterward might worry Apple stockholders; after the government limited such frothy speculation, the shares lost $800 billion in valuation.

source: CNBC

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91 Comments

1. drunkenjay

Posts: 1699; Member since: Feb 11, 2013

grats

2. toukale

Posts: 662; Member since: Jun 10, 2015

Apple is doomed /s. Mow they can only go down some are saying.

3. Trex95

Posts: 2383; Member since: Mar 03, 2013

Haha what a joke.

30. domfonusr

Posts: 1092; Member since: Jan 17, 2014

Apple has been making a lot of good decisions when it comes to the company's survival and thriving... that these same decisions can be detrimental to customers is irrelevant for the investors. As long as Apple has the established fan base who is willing to cough up almost a thousand dollars a phone, whatever the capabilities of it are compared to the competition, they will continue to please the investors. Full disclosure: my Dad will probably never own an Apple product, and he doesn't have a lot of money like other investors, but he is VERY happy to have added Apple stock to his portfolio when the last stock split occurred... he has nearly doubled his money in just a couple of years...

51. Phullofphil

Posts: 1828; Member since: Feb 10, 2009

Poor apple. What a burden

4. AfterShock

Posts: 4147; Member since: Nov 02, 2012

Boggles the mind how fast they did that from the point in time Steve borrowed cash from Bill to keep the vision alive. I do hate to say it but congrats Apple, Steve, Woz, Tim and Cupertino.

62. Finalflash

Posts: 4063; Member since: Jul 23, 2013

Applies to all the big tech names though. Google went from 0 to $800+ billion in less than 20 years. Same with Amazon. MS is almost there too. Crazy times.

85. AfterShock

Posts: 4147; Member since: Nov 02, 2012

True enough that's a good point. Amazing times.

5. iPhoneFanboy

Posts: 286; Member since: Apr 21, 2018

But Apple is doomed! iPhone X isn't selling!

6. whatev

Posts: 2396; Member since: Oct 28, 2015

Prepare your boats gentlemen, a tsunami of tears is incoming

8. NateDiaz

Posts: 1092; Member since: Mar 03, 2018

"but but PetroChina is first trillion dollar company" - cmdacos

9. whatev

Posts: 2396; Member since: Oct 28, 2015

You did it for him, thank god he doesn’t have to come to this comment section then

11. cmdacos

Posts: 4302; Member since: Nov 01, 2016

Not a "but but". PA was erroneously reporting apple would be the first ever which it wasn't. Today they layed out a correct headline and article.

102. iPhoneFanboy

Posts: 286; Member since: Apr 21, 2018

Cry more, LMAO.

12. Y.S.L..

Posts: 232; Member since: Jul 03, 2018

Calm down, fanboys. Geesh. The writer of this article has a completely valid point. It is not common for a company to double the price of the cost of parts for a product. Apple is charging $500, because they know moron fanboys will pay $500. If moron fanboys were only willing to pay $300, then they'd charge $300. They charge whatever they can that will maximize profits. They are ripping people off. Anyone trying to claim they're covering the cost of R&D and sales are insane. What R&D? The iPad is a giant iPod touch. What sales? All they did was release info that they were going to sell an iPad, the fanboys and the media did all the sales for them. This is what Apple always does. It minimizes sales and advertising by enclosing all their products in a shroud of mystery; you fanboys do all the talking and promotion for them. They're ripping you off, like they always do. All of their products are marked up to ridiculous levels. Ever look at the cost of parts for a Mac? Why does memory cost 5x as much coming from the Apple store as it does from any other store, when you know that Apple does not manufacture its own special memory. Why does a flat screen monitor cost twice as much as it does coming from any other manufacturer? They know they can get away with it, because you Apple freaks will pay anything. You're suckers. Plain and simple No tears but deep remorse for the zombies I can help you to become a human and belong in society and prestigious Lmaooooooooooooo

25. darkkjedii

Posts: 31529; Member since: Feb 05, 2011

Arte8800, you are a fool. You’re not even supposed to be on this site, this is your 50ish account. You’ve literally been banned over 50 times.

27. AfterShock

Posts: 4147; Member since: Nov 02, 2012

Is that who that is... got some staying power it seems.

39. darkkjedii

Posts: 31529; Member since: Feb 05, 2011

In the flesh bro. The notorious Arte.

103. iPhoneFanboy

Posts: 286; Member since: Apr 21, 2018

Who is Arte and how can you be so sure? Does he write the same? Sounds pretty stupid of him if he does... lol

28. AfterShock

Posts: 4147; Member since: Nov 02, 2012

R&D, Apple spends so large on their in house soc, they have to drive cost of other components down so not to eat into their own profits. Ruthless savages but they do blow some big bucks to keep that processor and it's L2 a L3 caches out classing other soc in some areas. Can't deny they do that part well and that comes from R&D.

55. Phullofphil

Posts: 1828; Member since: Feb 10, 2009

You can’t make fun of that many people and call them dumb. Garentee there is people that are a lot smarter than you that buy an iPhone. Apple is a smart company. You just got to justify your phone of choice in any way you can. Makes you look stupid.

86. mudcat626

Posts: 230; Member since: Jul 13, 2016

Lol, get me a margarita for all your saltiness. That’s a unhinged rant Dorito Mussolini would be proud of........

32. lyndon420

Posts: 6861; Member since: Jul 11, 2012

Tears for what?? Apple didn't sucker me outta my money for any of their products...you helped make them rich not me lol.

46. apple-rulz

Posts: 2198; Member since: Dec 27, 2016

Yeah but they’ve suckered you out of a part of your mind, given that you’re obsessed with them :)

67. sissy246

Posts: 7129; Member since: Mar 04, 2015

You have no room to talk, you are the same way with Samsung.

79. darkkjedii

Posts: 31529; Member since: Feb 05, 2011

Exactly. He just doesn’t see it.

99. lyndon420

Posts: 6861; Member since: Jul 11, 2012

Exactly how am I obsessed with them? (you're the one with apple in your username... can't get any more obsessed than that lol)

33. lyndon420

Posts: 6861; Member since: Jul 11, 2012

Tears for what?? Apple didn't sucker me outta my money for any of their products...you helped make them rich not me lol. Shareholders who made a sizeable investment though will be happy once they sell.

40. whatev

Posts: 2396; Member since: Oct 28, 2015

Yes, keep crying, there’s plenty of room for your tears here, I’m safe on my yacht

100. lyndon420

Posts: 6861; Member since: Jul 11, 2012

You have a yacht? Wow that's pretty sweet...how big???

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