The First Trillion Is The Hardest (& Who Will Be Next?)
This is a Post from the Symbol Surfing Blog from Thu, Aug 2, 2018.
At some point in the future, people may ask "When did AAPL hit 1 trillion in market cap?".
It happened today Thu, August 2, 2018.
$1 Trillion is $1,000,000,000,000.
Many investors expected this to happen, especially recently.
Just 10 short years ago, in 2008, the market cap was around $100 billion.
What an amazing achievement in a decade.
Also, many investors strongly believe AAPL is still undervalued.
The P/E Ratio is still under 20. Wow!
So do you own AAPL?
If yes, congrats.
It has been a great ride and probably will continue to be.
If no, why not?
The other 3 companies that are within striking distance are AMZN, GOOG and MSFT.
Each of those 3 stocks are in the $800 billion market cap range.
Meanwhile, Apple is on it's way to it's 2nd trillion.
Thu, Aug 2, 2018 AAPL @ $207.39
Thu, Aug 2, 2018 AMZN @ $1,834.33
Thu, Aug 2, 2018 GOOG @ $1,226.15
Thu, Aug 2, 2018 MSFT @ $107.57
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