Apple Moves Closer to $1 Trillion Valuation
Apple is now worth over $940 billion, and looks set to become the world’s first trillion-dollar company.
The tech giant has seen it’s stock rise after reporting better-than-expected Q1 earnings at the start of May.
It has announced a $100 billion stock buyback, suggesting internal confidence and pushing the price higher still.
Apple’s stock now accounts for over 4% of the S&P 500 index fund valuation, meaning even investors who have never purchased Apple stock directly are significantly exposed to its fluctuations.
Its price-to-earnings ratio is below that of the S&P 500, however, suggesting it is still one of the cheaper individual stocks on the index.
Microsoft, Google / Alphabet, and Amazon are the other three companies in the race for a trillion-dollar valuation.
All three are worth around $750 billion. Facebook is worth over $530 billion, having mostly recovered from the Cambridge Analytica scandal in the minds of investors.
Taken together, the five largest tech stocks are worth $3.7 trillion.
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