$1,000,000,000,000
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 that to actually own a share of stock in a company you love.
