Apple is very close to becoming the first American company to be worth $1 trillion. The net worth of the company is now about $945 billion, and shares are up more than 13% this year. That is far better than the overall market. For the company to hit the $1 trillion market valuation, the stock will need to go up just another 6% to $202.30 a share.
Some maintain that Apple will need a new product to keep sales and profit growing. But the company keeps inching closer to the $1 trillion because of the solid sales of the iPhone 8 and X. They do really well in China and Japan.
Apple’s sales increased 16% in the first three months of 2018. They have also used their more than $267 billion in cash to raise its dividend stock buyback program to reward investors. Warren Buffett is one of these investors.
His Berkshire Hathaway bought nearly 75 million shares of Apple in the first quarter, making it Berkshire’s top stock holding.
Amazon is also trading at an all-time high and is now worth more than $800 billion. Amazon CEO Jeff Bezos is worth nearly $140 billion, according to lists by Forbes and Bloomberg.
Google owner Alphabet and Microsoft have rallied to near record highs this year too. They are each now worth more than $775 billion.
Facebook, despite its Cambridge Analytica woes, is not far from its all-time high either. It has a market value of almost $560 billion.
Apple, Amazon, Google, Microsoft and Facebook are now all together worth about $3.9 trillion.
Apple will not be the first publicly traded company in the world to surpass the trillion dollar mark. Oil giant PetroChina briefly topped a trillion dollar valuation in 2007 when its stock began trading in Shanghai. Shares quickly plunged afterward and now the company is worth about $240 billion.