Apple (NASDAQ: AAPL) has been an industry-defining force for decades. However, it was only the 2007 launch of the iPhone, inaugurating the smartphone era, which brought the company the widespread mainstream recognition it enjoys today.
The strength of Apple’s brand isn’t just for show — it’s a fundamental reflection of the strength of the company’s business. In 2018, the business became the first publicly traded venture to reach a market capitalization of $1 trillion.
Two years later, in 2020 it became the first company to reach a market cap of $2 trillion…then $3 trillion in 2022. You probably already see where we’re going with this. Although the race to reach a $4 trillion market cap seemed contentious at times — particularly with the staggering upward trajectory that Nvidia (NASDAQ: NVDA) has been on, there’s something to be said for betting on the winning horse.
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Whereas Nvidia stock has seen prices rise by just 0.51% over the last thirty days, AAPL stock marked an 8.63% increase in price over the same timeframe. Right now, it seems almost inevitable that Apple will be the first to cross that vaunted $4 trillion threshold — here’s just how much of an upward move Apple stock would have to make to seal the deal.
AAPL appears set to reach a $4 trillion market cap very soon
At press time, one AAPL share was worth $255.17, with year-to-date (YTD) returns sitting at 37.45%, and the company’s market capitalization was $3.85 trillion. Per the company’s latest earnings report, it had 15,242,853,000 shares outstanding.
All we need in order to find the price of Apple stock at a $4 trillion valuation is a simple equation — market cap divided by shares outstanding. Once we square our trillions with our billions, we end up with a (thankfully) much more digestible figure — $262.46.
In order to reach that mark, Apple stock would have to experience a 2.85% increase in price — and with holiday euphoria at play, it just might do so at the start of next week.
Featured image via Shutterstock
