That makes them more affordable for smaller investors to pick up. „Market cap“ — short for „market capitalization“ — is the total value of a public company’s outstanding shares, which are those owned by stockholders, not by the company itself. Outstanding shares can be owned by employees and board members — just not the actual corporation. Apple’s market cap is high because its stock price is high. And with approximately 15.5 billion shares outstanding, a high Apple share price equates to a massive market cap.
Historically, stock splits tend to increase demand, increasing value for existing shareholders, which include company employees. When you cross the milestone first, it’s a signal of leadership,” said Gene Munster, Loup Ventures founder and former top tech stock analyst. There are many ways to evaluate a stock in addition to its absolute share price. Here, we take a look at some of the largest companies in the U.S. and abroad. If you’re considering a dip into the stock market, read our guide to buying Apple shares. We also have details of Apple’s 1st quarter 2021 financial results.
It is certainly possible another company’s market cap will exceed these measures, and maybe—though less likely—another company will surpass Berkshire Hathaway as the highest priced single stock share. The tech and services company has positioned itself to take some advantage of its new stature. In early August, the company announced a four-for-one stock split, the company’s fifth stock split since going public in 1980. Individual shares are trading in the mid-$400’s, so for instance a unit worth $440 would be split into four shares of $110.
1-Week, 1-Month and 1-Year Gains of AAPL During Highest Price Day
In terms of private companies, Forbes ranks Minnesota-based Cargill as the largest private U.S. company with $134.4 billion in annual revenues. Second is Koch Industries with $115 billion in revenues and 122,000 employees. Ranking third is the grocery chain Publix Super Markets, with $44.9 billion in opteck reviewis opteck a scam or legit forex broker annual revenue and 227,000 employees. After that stunning peak in the late summer, Apple’s value slumped. By September 2023, Apple’s market cap fell to $2.8 trillion. But don’t feel too bad for the California-based tech giant.
Apple Stock Hits All-Time High—Then Falls After Revealing $3,499 Price Tag For VR Headset
Technology giant Alphabet (GOOGL), best known for its Google search engine, reached a closing high of $2,960.92 in October 2021. The company’s shares have since split, and the stock closed at $182.99 on July 1, 2024. Back in 2007, Chinese energy giant PetroChina (PTR) reached an estimated market value of around $1 trillion. As of January 2022, PTR’s market capitalization stood at just $146.95 billion. Following on from becoming a trillion-dollar company Apple has reached its highest valuation of all time today, during a trading period that put its shares at their highest price ever at $237.64.
Top Companies by Market Cap
AutoZone (AZO) sells aftermarket auto parts, such as brakes, batteries, engine oil, headlights, and drivetrains. The company’s share price has been steadily increasing since 2021, reaching a closing high of $3,239.32 on March 22, 2024. Berkshire Hathaway is the holding company of billionaire investor Warren Buffett. Berkshire Hathaway A shares (BRK.A) reached a closing high of $634,440 on March 28, 2024. Apple just crossed the $2 trillion market 4 common active trading strategies capitalization mark, becoming only the second company ever to do so.
Apple’s stock gain this year has resulted in a market capitalization of $2.89 trillion, according to Bloomberg, putting it in range of hitting the $3 trillion valuation it briefly achieved early last year. This means Apple’s market capitalisation is now up to a staggering $2.34 trillion (roughly £1.7 trillion), by far the highest value that any company has achieved. Some indication of how quickly the company’s value has grown can be gleaned from a prediction last summer that Apple would be worth $2 trillion by around 2024. Publicly traded companies are generally categorized into small-cap, mid-cap, and large-cap. A small-cap company has a market cap of $3 billion or less.
- She has worked in multiple cities covering breaking news, politics, education, and more.
- Stock price is an indicator of a company’s market value, but the price of a share of stock will also depend on the number of shares outstanding.
- Its marine division provides shipping services to the Caribbean and Central and South America.
- “For investors looking to jump on the Apple bandwagon now, where were you in March?
The stock gained as much as 2.2% in morning and early afternoon trading, hitting as high as $184.95, shattering its prior all-time high of $182.94 achieved last January. Apple trades under the stock ticker name AAPL 10 great ways to learn stock trading and went public on December 12th, 1980, with a valuation of $22 per share, according to Apple’s investor site. This concludes the analysis of the highest price of Apple Inc (AAPL).
A deep dive into new features in macOS Sonoma, big and small. Two new models of AirPods 4 are believed to be featured in Apple’s iPhone 16 event, with both gaining USB-C, improved audio, and one getting a charging case speaker. A new leak details the iPhone 16 Pro and iPhone 16 Pro Max cameras, with them both now said to gain higher framerate 4K video shooting,a new spatial photos mode, noise reduction, and more. Apple’s „Glowtime“ special event will take place on September 9, and will feature the iPhone 16, Apple Watch Series 10, and more! Steeper MacBook Pro discounts are in effect this September, with prices dipping to as low as $1,299 across the M3 range.
Apple is getting close to releasing the iPhone 16 and with it, iOS 18, to the public. While most of the features will be available immediately, here’s what won’t turn up until iOS 18.1. Quite amazing, these two being founded by two amazing workhorses and frenemies of the modern tech era, Jobs and Gates.
There are plenty of websites that display the highest prices for the sake of information. But the above report contained additional analysis sections. Hopefully, the above report educated you better by various insightful sections. This section compares the performance of Apple Inc (AAPL) stock against S&P 500, a broader market index.
Top Companies by Stock Price
Customers are using Apple’s cloud services not just to upload family photos but also to upload work documents and media. Apple has also released a suite of free apps and services for educators and students for remote learning, further embedding itself in the education market and its users. Apple’s surge and increasingly diversified profits are the primary driver of its new valuation. Barclays estimated the company will see nearly $60 billion in profits this year, over four times that of Walmart.