It happened. Apple won the race to $1 trillion in market capitalization. Following this week’s earnings release, Apple shares (NASDAQ:AAPL) briefly traded at $207.05, which values the company sightly over $1 trillion based on the most recent share count of July 20. While the smartphone market is more or less saturated, Apple managed to increase […]
View More Apple is worth over $1,000,000,000,000Category: aapl
Apple comes close to reaching $1 trillion
Apple has been performing incredibly well on the stock market for the past few days (NASDAQ:AAPL). While Yahoo Finance says that Apple is now worth over $1 trillion, this hasn’t yet happened. The company sent a filing to the SEC with an updated share count. While everyone thought the magic number was $203.45, it was […]
View More Apple comes close to reaching $1 trillionApple offers more bonds to finance its $300 billion capital return program
Apple just started selling new bonds in order to finance a share buyback program and dividends for shareholders, as Bloomberg spotted in a filing. This is counterintuitive as Apple is sitting on a big pile of cash and probably doesn’t need to issue bonds. But most of the company’s cash is outside of the U.S. During Apple’s fourth-quarter earnings call, the company said that… Read More