Last week Apple Inc. crossed the $1T mark in terms of value! Unless you live in a cave you couldn’t avoid the news but here’s what it means:
The value of a company is constantly changing but can be calculated by taking the stock price ($207.05 for Apple) x the number of shares of stock (4.830B for Apple). This is also called the “market capitalization” or “market cap” for short.
Here are the market cap’s of some other well-known companies to give you a feel of the magnitude of this momentous event:
- Disney – $173B
- Netflix – $152B
- General Motors $63B
- Harley – $7B
Other ways to put a trillion into perspective:
- Mexico’s GDP is just above $1T
- A trillion dollar bills laid end to end would reach the Sun
- If you spend $1 per second, it would take you almost 32,000 years to spend a trillion dollars (even my wife can’t do that)
Which company is next?
Amazon ($901B) and Alphabet ($851B) are vying to be the next company to cross that threshold.
At GiveAshare.com, we want to help people learn about the the stock market. Financial literacy, especially for kids, is important and there is no better way to learn than to actually own a share of stock in a company you love.
A lot has changed since this blog post - See Trillion Dollar Club