For a second time, matching last year’s performance, Apple became a trillion dollar company by market cap, which consists of the total outstanding shares multiplied by stock price.
Hitting a stock price above $221.28 in intraday trading today, Apple reached a market cap just above $1 trillion based on its 4,519,180,000 outstanding shares as of July 19, 2019, which the company shared in its most recent SEC quarterly 10-Q filing. The company also continues to buy back shares. Apple’s stock AAPl went up by 3 percent after Apple hosted its popular annual iPhone and Apple Watch event at the Steve Jobs event yesterday.
Microsoft at $1.03 trillion, is the only other American company to achieve the trillion dollar market cap in recent times, but Amazon has achieved this in the past and Alphabet, Google’s parent company, has come very close.