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Apple stock market value breaks past $800 Billion

11:53 am
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Chris
2 Min Read
On Tuesday Apples stock price reached a new record level of $153.99 - giving the technology giant a stock market valuation of no less than $802.88 billion

Apple already has so much to boast about that a week ago it was hard to think of something else that might give it even more reason to brag. Yet the multi-billion dollar company has done just that: On Tuesday its stock price reached a new record level of $153.99 – giving the technology giant a stock market valuation of no less than $802.88 billion.

Why is this so significant? The answer is quite simple – it’s the first American company in history with a stock market value of more than $800 billion. And suddenly a trillion dollars doesn’t seem that far away anymore.

A company’s stock market value, also called its capitalization rate, is derived by simply multiplying the number of shares it has issued by its stock price. And during recent months Apple’s share price has surged in anticipation of the brand new iPhone which will be released in September 2017.

Below are a couple of interesting facts about the company’s stock:

  • Since the IPO (Initial Public Offering) nearly 37 years ago in December 1980 Apple’s stock price has increased by 57 403%.
  • It took 19 years for its stock value to reach $10 billion.
  • After that it took only six years for Apple’s total stock value to reach $50 billion.
  • The firm’s aggregate market value is now 7.5 times higher than ten years ago, when the first-generation iPhone hit the market.



    • It took Apple slightly over two years to grow its stock value from $700 billion in 2015 to more than $800 billion this year. The company’s share price would need to grow another 12.1% to $172.62 to reach the $900 billion level – and when it hits $191.80 Apple’s total market value will break through the $1 trillion level.

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    Chris

    I've been a passionate evangelist for Apple and the Macintosh throughout my working life, my first love was a Quadra 605 working with a small creative agency in the south of Norfolk UK in the mid 1990's, I later progressed to other roles in other Macintosh dominated industries, first as a Senior graphic designer at a small printing company and then a production manager at Guardian Media Group. As the publishing and printing sector wained I moved into Internet Marketing and in 2006 co-founded blurtit.com which grew to become one the top 200 visited sites in the US (according to Quantcast), at its peak receiving over 15 million visits per month. For the last ten years I have worked as an Affiliate and Consultant to many different business and start ups, my key skill set being online marketing, on page monetisation, landing page optimisation and traffic generation, if you would like to hire me or discuss your current project please reach out to me here.

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