It is the first company to reach that mark, and his well ahead of the world’s second most valuable company Exxon on US$403 billion. Third is Microsoft, on US$394 billion. Put it another way, Apple is worth more than Microsoft, Amazon, Netflix and Twitter combined. It is worth more than the entire Russian stock market.
Apple’s remarkable valuation is based on its rampant share price, which reached a record US$119.40 on Tuesday before dropping back to as low as US$117.45. The stock was as low as US$56 in July 2013.
On these numbers, and with the momentum the company is building during the holiday season, with the iPhone 6 and 6 Plus raging success stories and the Apple Watch not even shipping yet, Apple could easily reach the magic trillion dollar mark in the next few months.
A trillion dollars is so much money it is difficult to conceive. Market value and national ZGDP are two very different things, but at that amount of money Apple is worth the same as the total amount of money generated by the South Korean economy in a year, or half that of ASEAN.
US financial analysts are bullish on Apple, believing it can go higher and easily achieve the trillion dollar figure. Who can doubt them?