Yes, Apple is a trillion-dollar company, specifically a trillionaire company is not correct terminology. A company is described by its market capitalization.
According to the provided reference, Apple's market capitalization reached \$3.02 trillion as of June 30, 2023. This makes Apple the only company in history to have reached a \$3 trillion valuation, even briefly crossing that threshold in January 2022. The term "trillionaire company" is not standard financial terminology. Instead, we refer to the company's valuation in terms of its market capitalization.
Here's a breakdown:
- Market Capitalization: This refers to the total value of a company's outstanding shares. It's calculated by multiplying the number of outstanding shares by the current share price.
- Apple's Valuation: As of June 30, 2023, Apple's market capitalization was \$3.02 trillion.
- Share Performance: Apple shares have increased significantly, rising nearly 55% this year alone, reaching a new all-time high of \$192 in morning trading.
| Metric | Value | Date |
|---|---|---|
| Market Cap | \$3.02 Trillion | June 30, 2023 |
| Share Price | \$192 | June 30, 2023 |
| Year-to-Date Gain | ~55% | June 30, 2023 |
Therefore, while Apple isn't technically a "trillionaire company" (since that's not a standard term), it is a company with a market capitalization exceeding \$1 trillion, making it one of the most valuable companies in the world. The correct terminology would be a "trillion-dollar company."
