ZEENAT MOORAD: The race to $1 trillion
2018 will be the year of the world’s first US$1 trillion market capitalisation company
Depending who you talk to — and by most accounts — 2018 will be the year of the world’s first US$1 trillion market capitalisation company. It is a mythic milestone, no more. With a valuation teetering just above $920bn, iPhone maker Apple is inching towards the $1 trillion mark. Its continued upward trajectory has made it the world’s most valuable publicly listed company. As it stands — and I know this is not the most elegant comparison — Apple is worth more than the GDP of countries such as Turkey, Switzerland and Saudi Arabia. At the time of writing, the company was trading at a lofty $182/share, despite concerns over weak demand for the iPhone X and a somewhat middling earnings report last month. In fact, the share is up almost 40% since then. To reach the 13-digit (gulp) milestone, Apple will have to continue rising at a similar clip. That’s pretty doable if there is a pipeline of successful-ish new products, share buybacks and further bump-ups from Warren Buffett. Buffett’s Ber...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.