Apple cruises past old market capitalization record, may hit $800 billion before earnings

As the NASDAQ opened on Tuesday morning, Apple's stock price at the opening bell drove its market capitalization above historical highs, with $800 billion in sight and possibly reachable before the quarterly earnings report.

Apple's market capitalization broke $700 billion on Feb. 14. To reach $800 billion, the stock price needs to climb to $149.42 before trading stops on the stock prior to Apple's earnings announcement.

To reach $149.92, the stock only needs a $2.38 rise from Tuesday's opening price of $147.54. At 11:00 a.m. eastern time, the stock sits at around $148.

The math is likely to change after the announcement, after Apple announces how many shares it has bought back on the quarter. Apple has spent $144 billion on stock buybacks since initiating its capital return program in 2013.

Wall Street is predicting Apple's revenue for the quarter to be up year-over-year to $53.1 billion, with a gross margin of 38.7 percent. The company is expected to edge out last year's iPhone sales numbers, selling 52.2 million iPhones.

Apple sold a record 78.3 million iPhones in the first quarter of Apple's 2017 fiscal year that ended in December, but still saw extensive delays on 7 Plus shipments — which could serve to boost the March quarter's sales numbers.

31 Comments

ppietra 288 comments · 14 Years

About 7 years ago

Funny, just found out that Google is not reliable... Google gives the wrong market cap for Apple. If you go to NASDAQ, or others, Apple market cap is $775 billion, not $790 billion.

ireland 17435 comments · 18 Years

It's all meaningless speculation and gambling, anyway.

maestro64 5029 comments · 19 Years

ppietra said:

Funny, just found out that Google is not reliable... Google gives the wrong market cap for Apple. If you go to NASDAQ, or others, Apple market cap is $775 billion, not $790 billion.

I saw the same thing, all the other services I look at show the lower number. Yahoo says 5.25B outstanding shares so that would 774B on a price of $147.5, I just went NASDAQ and they too are showing the same 774B, But you go to Google and they show the same outstanding share of 5.25B so their stupid engineers do not know how to do simple math, go figure image all the students who look up information like this on Google and got the wrong facts. Does not surprise me Google is creating fake news. They can figure out how to drive a car but can not multiply two numbers together. This reminds me of the Mars probe that crashed into the surface of the planet because the NASA engineers miss calculate and the probe came in too fast.
For apple to top 800B they need to trade at $152.40 assuming Apple has not bought more share off the market.

charlesatlas 401 comments · 9 Years

Didn't AppleInsider ask some years back if Apple would soon become the first trillion dollar corporation?

maestro64 said:

ppietra said:

Funny, just found out that Google is not reliable... Google gives the wrong market cap for Apple. If you go to NASDAQ, or others, Apple market cap is $775 billion, not $790 billion.

I saw the same thing, and I was not on google so it is not just Google other service seem to showing a lower Market Cap. what is the outstand share and we can crunch the numbers ourselves, Yahoo says 5.25B so that would 774B on a price of $147.5, I just went NASQUE and they too are showing the same 774B, so I am not sure where AI got their chart.

Probably I wasn’t clear enough. Google states that the market cap is $790 billion, which is wrong. NASDAQ is a stock exchange so it has the right numbers.
PS: noticed that you edited your comment, so probably you can disregard what I said above.