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At current growth rates, Apple's market cap may hit the $4 trillion mark as early as next year, presuming that its valuations don't slip. However, Apple stock is fairly expensive right now.
Top mega cap stocks *Market cap data as of Sept. 11, 2024; revenue as of most recent fiscal year. 1. Apple (AAPL) Apple built its business on the success of popular products like the iPhone, iPad ...
Market cap is given by the formula =, where MC is the market capitalization, N is the number of common shares outstanding, and P is the market price per common share. [ 8 ] For example, if a company has 4 million common shares outstanding and the closing price per share is $20, its market capitalization is then $80 million.
As of August 3, 2018, Apple was the largest publicly traded corporation in the world by market capitalization. On August 2, 2018, Apple became the first publicly traded U.S. company to reach a $1 trillion market value, [306] [307] and as of June 2024, is valued at just over $3.2 trillion. [7]
Market capitalization is calculated by multiplying the share price on a selected day and the number of outstanding shares on that day. The list is expressed in USD millions, using exchange rates from the selected day to convert other currencies.
Apple's iPhone 16 launch will drive the company to a $4 trillion valuation by 2025, Wedbush said. Wedbush analyst Dan Ives raised Apple's price target to $300, citing the iPhone 16's AI features.
The iPhone maker’s shares closed at $193.97/share on June 30, up 2.3% on the day and pushing its market cap to about $3.05 trillion. Apple Is Now Worth More Than $3 Trillion, Hitting New Market ...
Apple officially has a market capitalization of $3 trillion. The tech giant passed the $182.86 mark Monday, making it the first publicly traded company in history to hit such a market valuation.