Apple could be worth $1 trillion if earnings are really good


Apple CEO Tim Cook on Tuesday unveiled the iPhone 4S, a faster version of its best-selling smartphone that includes a virtual “personal assistant” you can talk to. The next-generation iPhone goes on sale on October 14.

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Apple is within striking distance of a trillion dollar market value.

The iPhone maker is currently worth about $935 billion, and the stock needs to go up more than 7% for it to top the mark.

But if Apple wows investors when it reports earnings Tuesday afternoon, there’s a chance it could become the first US company to cross the trillion dollar mark.

That’s a one with twelve zeroes.

Some think Apple needs a new product to keep sales and profits booming, but the stock is up 12% this year thanks to solid sales of the iPhone 8 and X — particularly in China and Japan. Surging services revenue from the App Store has also helped.

Apple also has been using a more than $267 billion stockpile of cash to boost its dividend and stock buyback program as a reward for investors, which now includes Warren Buffett.

Buffett’s Berkshire Hathaway bought nearly 75 million shares of Apple in the first quarter, making it Berkshire’s top stock holding.

Apple isn’t the only tech giant closing in on a trillion dollar mark though. Amazon is worth a little more than $870 billion. Google owner Alphabet has a market valuation of nearly $845 billion. And Microsoft’s market cap is now just under $815 billion.

Wall Street has been speculating about which of these companies will hit the trillion dollar level first and how long it might be before all four of them are worth at least that much.

Related: Amazon profit tops $2 billion for the first time

Of course, there is no guarantee that any of them will reach the trillion dollar mark. Investors widely expected both Cisco and Microsoft to top a trillion dollar market cap in the late 1990s before the tech bubble burst in March 2000.

Microsoft still has a realistic chance to get above a trillion, Cisco has a long way to go. Its market value is now about $200 billion.

But if Apple, Microsoft, Google or Amazon eventually top the trillion dollar mark, none of them would be the first publicly traded company in the world to do so.

Oil giant PetroChina briefly surpassed a trillion dollar valuation in 2007 when its stock began trading in Shanghai, but shares quickly plunged. PetroChina, which is also listed on the New York Stock Exchange, is now worth about $220 billion.


Trademark and Copyright 2021 Cable News Network, Inc., a Time Warner Company. All rights reserved.

FOX 2 Newsletters

Sign up for a newsletter from FOX 2 to get updates about news and weather. We offer daily headlines, breaking news, severe weather, and forecast emails.

About FOX 2 News

FOX 2 and KPLR 11 in St. Louis cover the news in Missouri and Illinois. There are over 68 hours of live news and local programming on-air each week. Our website and live video streams operate 24/7. Download our apps for alerts and follow us on social media for updates in your feed.

President Harry Truman said: “It is amazing what you can accomplish if you do not care who gets the credit.” That spirit is alive and well at Fox 2. Our teamwork is on display each and every day.

Our news slogan is: “Coverage You Can Count On.” We quite frankly are too busy to worry about who gets the credit. Our main concern is serving the viewer.

We go where the stories take us. Whether it be Washington, D.C when a Belleville man opened fire during a congressional baseball game practice or to Puerto Rico where local Ameren crews restored power after more than 5 months in the dark.

Coverage You Can Count On means “Waking up your Day” with our top-rated morning show. From 4:00 am-10:00 am we are leading the way with breaking news. But our early morning crew also knows how to have some fun! Our strong commitment to the communities we serve is highlighted with our Friday neighborhood shows.

Our investigative unit consists of three reporters. Elliott Davis focuses on government waste, Chris Hayes is our investigative reporter, and Mike Colombo is our consumer reporter. They work in unison with the news department by sharing resources and ideas.

We continue to cover breaking news aggressively and relied on our seasoned journalists to make a difference with the stories we covered. The shooting of Arnold Police Officer Ryan O’Connor is just one example of that. Jasmine Huda was the only reporter who had exclusive access to the O’Connor family during his amazing rehabilitation in Colorado.

Last, but certainly not least, FOX 2 and KPLR 11 are committed to covering local politics. We host debates among candidates and have the most extensive presidential election coverage. Our commitment to politics isn’t just during an election year. We produce two political shows that air every weekend.


Latest News

More News