Apple becomes first U.S. company to hit $1.5 trillion market valuation

Apple on Wednesday became the first publicly traded U.S. company to hit a $1.5 trillion market capitalization, with shares of AAPL trading at $352.84 by the end of the day.

The Cupertino tech giant's valuation crossed the threshold during the day on June 10, before closing at a $1.53 trillion market capitalization by end of trading. Shares of Apple closed at $352.84, up 2% on the day. Market capitalization is the share price multiplied by the number of outstanding shares. By the last count, Apple has about 4.3 billion outstanding shares.

Apple was also the first U.S. company in history to hit a market valuation of $1 trillion — an achievement that it reached in August 2018.

The company's total count of shares has been sliding over the past few years due to aggressive stock buyback programs. The fewer number of shares are reflected in market capitalization calculations, however.

Apple's new milestone came after a strong performance earlier in the week that pushed AAPL to record highs.

All of this comes during a time of economic uncertainty for many due to the ongoing coronavirus pandemic. While Apple's stock price plunged earlier in the year, the company's road to recovery eventually saw AAPL shares regain its pre-crisis price in May.

According to some analyst predicitons, Apple also has a clear path ahead to becoming the first U.S. company to hit a $2 trillion milestone within the next few years.

18 Comments

SpamSandwich 32917 comments · 19 Years

About 4 years ago

The Dutch East India Company laughs off in the distance of history ($7.9 trillion inflation adjusted valuation).

mubaili 454 comments · 13 Years

Why is 1.5T something need to be mentioned at all? How about 1.6T, 1.7T, 1.8T, 1.9T?

Xed 2896 comments · 4 Years

SpamSandwich said:

The Dutch East India Company laughs off in the distance of history ($7.9 trillion inflation adjusted valuation).

Shut up. Your"Apple wasn't first" comment is just as pathetic as those that come here claiming some half-baked Android feature means Apple sucks. Maybe next time you want to take note that the headline specifically mentions "first U.S. company" which will never apply to DEIC. If there was a government-directed amalgamation of all the tech companies in the US, then they could be much higher than DEIC, but do you really think that's a good idea? Probably, if a certain person tweeted about it.

mubaili said:

Why is 1.5T something need to be mentioned at all? How about 1.6T, 1.7T, 1.8T, 1.9T?

It's a milestone. You can have one at 1.60337337283839 trillion if you wanted to, but we choose certain values for reasons that I hope are obvious to you.

apple ][ 9225 comments · 13 Years

I'm waiting on 2 trill!

And when it hits that, we'll just have to move on to the next target!

Xed said:

SpamSandwich said:

The Dutch East India Company laughs off in the distance of history ($7.9 trillion inflation adjusted valuation).

Shut up. Your"Apple wasn't first" comment is just as pathetic as those that come here claiming some half-baked Android feature means Apple sucks. Maybe next time you want to take note that the headline specifically mentions "first U.S. company" which will never apply to DEIC. If there was a government-directed amalgamation of all the tech companies in the US, then they could be much higher than DEIC, but do you really think that's a good idea? Probably, if a certain person tweeted about it.

mubaili said:

Why is 1.5T something need to be mentioned at all? How about 1.6T, 1.7T, 1.8T, 1.9T?

It's a milestone. You can have one at 1.60337337283839 trillion if you wanted to, but we choose certain values for reasons that I hope are obvious to you.

“Shut up”? Welcome to the #BLOCKED.