The value of a company is whatever people are willing to pay for it. And for public companies like Apple, that value equates to an open market stock price times however many shares there are in existence. Street lingo for this is market capitalization, or simply “market cap”.
Apple is the world’s most valuable company. Period. Not just among technology companies, but among all companies in the world. Apple is worth a staggering $624 billion as I write this paragraph. It’s stock price is hovering around $673 and since there are 937 million shares outstanding, multiplying those two numbers together gives us that immense market cap.
To hit a $1 trillion market cap, the stock price needs to climb to $1067, which is 59% higher than today’s price. Of course, one trillion dollars is an arbitrary number. But lots of public companies are worth over $100 billion, and the next zero to be added gets you to a trillion. So it’s psychologically important. Will Apple be the first company to achieve it?