Profile image
By Crunch Gear (Reporter)
Contributor profile | More stories
Story Views
Now:
Last Hour:
Last 24 Hours:
Total:

Apple comes close to reaching $1 trillion

% of readers think this story is Fact. Add your two cents.

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While everyone thought the magic number was $203.45, it was based on an outdated number. According to the filing, there are 4,829,926,000 Apple shares in circulation. Apple is going to hit $1 trillion when shares are worth $207.04.

That’s why I posted a post earlier today claiming that Apple already hit $1 trillion — I’m sorry for the confusion. Shares are currently trading at $205.62. So Apple shares still need to jump by 0.7 percentage point to reach the market capitalization of $1 trillion.

Public companies don’t always have the same number of shares over time. Some companies, such as Apple, frequently buy back some of its own shares. It’s a vote of confidence as it means that you think your shares are going to keep going up in the future. It also reduces the number of outstanding shares, which mechanically increases the value of each share. Executives at bigger companies also get paid in shares. Sometimes, companies also issue new shares to raise capital.

For all these reasons, public companies need to send updated share counts. And it can take a bit of time before websites, such as Yahoo Finance, update their data set. In all cases, you should keep an eye on Apple shares today and see if they hit $207.04.



Source: https://techcrunch.com/2018/08/02/apple-is-worth-1000000000000/
Support BeforeitsNews by trying our natural health products! Join our affiliate program
Order by Phone at 888-809-8385 or online at www.mitocopper.com
Get our Free Ebook, "Suppressed Health Secrets" THEY don't want you to know!

APeX - Far superior to colloidal silver!  Desroys Viruses, Bacteria, Pathogens!
Ultimate Curcumin - Natural pain relief, reduce inflammation and so much more.
Supreme Fulvic - Nature's most important supplement! Vivid Dreams again!
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy.
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup!
B-12 - Supports healthy metabolism, brain function, hormone balance!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Never Wax Your Car Again -
Protects vehicles for years with dazzling shine!
Smart Meter Cover - Reduces Smart Meter radiation! See Video!
Prodovite - The Secret To Healing is in the Blood!

Tactical Laser Blinds
Attackers
Bring Batteries Back
toLife!
New Laser Blinds Attackers Instantly! Bring Dead Batteries Back to life!

US Faces 100 Year Drought
Cut Power Bills by 65%
NASA - US Faces 100 Year Drought! Discovery Can Cut Power Bills by 65%
Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.