by Fred Fuld III
It’s official. At the time I am writing this, Apple (AAPL) is trading at 206.87. The company has 4,842,917,000 shares issued and outstanding, according to the latest Form 10-Q filed with the Securities and Exchange Commission.
If you multiply these two numbers, you get a market capitalization of $1,001,854,239,790. That’s over a trillion dollars.
This makes Apple the first American company to reach the trillion dollar level.
Apple is actually the second stock to reach a trillion dollar valuation. The first was PetroChina (PTR), that hit that level in 2007.
Disclosure: Author owns AAPL.