Michael Ecke is a mortgage professional - NMLS # 1439805, entrepreneur, businessman, and founder of Prosperment. As a current employee of a Fortune 50 company, Michael is dedicated to ensuring the utmost attention to detail and quality control. Michael provides executive oversight and direction to Prosperment and its sister companies. Michael brings to his position the business foresight and acumen required as Prosperment continues its remarkable growth.
On August 2, 2018, Apple, Inc (AAPL) became the first company to reach a market capitalization of $1,000,000,000,000 (Yes that is 12 zeros). Since the iPhone tech behemoth reported earnings that beat analyst expectations on July 31, 2018, the stock had been climbing and investors had been watching intently. When the price per share hit $207.05 Thursday, Apple officially passed the $1 Trillion milestone.
What does it mean that Apple hit a $1 Trillion Valuation?
Market cap is basically the value of a company and is calculated by multiplying the price of a share of stock by the number of outstanding shares. So as Apple’s price has risen, its market cap followed, making its size a good indicator for its popularity and financial strength.
Amazon.com ($881 billion); Google-parent Alphabet ($848 billion) and Microsoft ($822 billion) are not too far behind Apple, Inc. Amazon and Google, like Apple, are among the FAANG stocks, a group of tech companies—Netflix and Facebook are the others—that are so widely followed by investors that the media came up with an acronym for them.
Given the nine year bull market (the second longest in history), tech companies aren’t the only ones that have been growing to record sizes. Since last year, the market caps of the 100 largest companies in the world had gone up by 15 percent, as of the end of the first quarter, according to PwC, following a steady pattern of rising since 2009. Apple's stock price has more than tripled in the last five years.
Is it too late late for me to buy Apple shares?
100% absolutely not! With micro-investing apps like Stash, you can buy fractional shares of Apple stock with as little as $5. Stash started to simplify investing, but their true mission runs deeper. Today, your financial products too often fail you.
Stash believes everyone should have access to financial education, technology, and services that help you achieve your life goals. In the past, individual investors had to buy one or more shares of a stock or ETF (exchange-traded fund) to make an investment. Stash allows you to buy tiny slices of shares, so if Apple is currently trading at $207.05 for 1 share, Stash will buy a full share and allow investors to purchase just a fraction with as little as $5.
It's never to late to start investing, Prosperment recommends you start as soon as possible so you can invest in your future and live better.
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