First company to US$1tril: Apple zeroes in on historic market cap for ultimate ‘icing on the cake’

After a stronger-than-expected earnings announcement and Warren Buffett doubling down his confidence with a major stock purchase, Apple is closing in on the ultimate stock market summit of $1 trillion in market capitalization. (Alexey Novikov/Dreamstime/TNS)

CUPERTINO, California: For the past few months, Apple has flirted with the possibility of becoming the first company ever to reach the once-thought-impossible US$1tril (RM3.94tril) market capitalisation. 

Now, after stronger-than-expected earnings announced on Tuesday and Warren Buffett doubling down his confidence with a major stock purchase, the Cupertino tech giant is an arm's length distance from the ultimate stock market summit. Apple's share price on May 4 reached its all-time high of US$183.83 (RM725.12), and with about 5.07 billion shares on the market, the company's market cap currently sits at about US$931bil (RM3.67tril).