On the back of a stellar performance yesterday, Apple’s share price today rose so high that the company reached a value of $1.5 trillion. That makes Apple the first United States company to do so as its shares hit $352.05.
A company’s market value, or market capitalization, is simple to calculate. All you need to do is take the value of a single share and then multiply it by the total number of outstanding company shares available.
Apple has 4.3 billion shares outstanding at the time of writing and with a share price of more than $352 that means a market capitalization of somewhere in the ballpark of $1.52 trillion dollars.
That’s a huge number and one that seemed a long way off not too long ago. Apple’s shares took a tumble during the early weeks of the coronavirus pandemic but have since rebounded. And some! Other tech companies like Amazon, Google, and Microsoft have seen similar improvements recently.
None of this means a great deal to your average consumer, though. The new market capitalization does indicate how strong the company is, however. And the stronger it is, the more money and resources it can pile into research and development.
And that, in turn, means better devices and services for us!
You may also like to check out:
- Download: iOS 13.6 Beta 2 IPSW Links, OTA Profile File, Beta 2 Of iPadOS 13.6 Released
- iOS 13.5.1 Downgrade No Longer Possible After Apple Stops Signing iOS 13.5 Jailbreak Firmware
- Jailbreak iOS 13.5.1 Using Checkra1n, Here’s How [Video Tutorial]
- Best Cydia Repos And Sources For iOS 13.5 Jailbreak Unc0ver
- iOS 13.5 Jailbreak Tweaks Compatible With Unc0ver 5.0.x [List]
- Jailbreak iOS 13.5 On iPhone 11, Pro Max, SE, iPad Pro, More Using Unc0ver 5.0.0 [Tutorial]
- iPhone SE 2 2020 Screen Protector: Here Are The Best You Can Buy Today [List]
- Kodi 18.7 IPA APK Download For iOS 13 / iPadOS 13, Android Released
- Run Multiple 2 WhatsApp Accounts Number On 1 iPhone The Right Way, Here’s How
- Download: iOS 13.5.1 IPSW Links, OTA Update Released For iPhone And iPad
- Jailbreak iOS 13.5 Without Or No Computer, Here’s How
- Apple Watch ECG App Hack: Enable Outside US In Unsupported Country On Series 5 & 4 Without Jailbreak
You can follow us on Twitter, or Instagram, and even like our Facebook page to keep yourself updated on all the latest from Microsoft, Google, Apple, and the Web.