Update: Apple just became the first $1 trillion company
Holy sh*t, Apple has really done it.
The beloved tech giant is now officially the first trillion-dollar company, beating Amazon to the historic milestone.
On Thursday, Apple's stocks app for iOS, which pulls its financial data from Yahoo Finance, reported the company stock had passed $1 trillion, but that was based on the stock price being about $203 per share.
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However, because the company readjusted its share count due to buybacks at the close of Q3, Apple's stock price actually needed to hit about $207.05 per share before it can claim the title as the first trillion dollar company.
At the time of publishing, based on the adjusted $205.74 share price, Apple's close to the trillion-dollar valuation, but not quite there yet, sitting at about $955.08 billion in market cap according to Google Finance.
We'll be monitoring Apple's stock price closely to see if it's able to really become the first trillion-dollar company. It's gonna be a moment to remember.
UPDATE: Aug. 2, 2018, 11:52 a.m. EDT Apple is officially the first company to hit $1 trillion market cap, according to CNBC.
Topics Apple
Raymond Wong is Mashable's Senior Tech Correspondent. He reviews gadgets and tech toys and analyzes the tech industry. Raymond's also a bit of a camera geek, gamer, and fine chocolate lover. Before arriving at Mashable, he was the Deputy Editor of NBC Universal's tech publication DVICE. His writing has appeared on G4TV, BGR, Yahoo and Ubergizmo, to name a few. You can follow Raymond on Twitter @raywongy or Instagram @sourlemons.
