Apple's market capitalization surpassed 110 trillion yen, becoming the first trillion dollar enterprise

By Karl Baron

Apple's market capitalization exceeded 1 trillion dollars (about 111.7 trillion yen) as the closing stock price of August 2, 2018 reached 207.39 dollars (about 23,000 yen).

Apple is now the world's first $ 1 trillion company, following successful Q 3 results from the company. - The Verge
https://www.theverge.com/2018/8/2/17638764/apple-worlds-first-1-trillion-company-market-cap-stock-price

Apple Becomes First US Company to Hit $ 1 Trillion Value - Bloomberg
https://www.bloomberg.com/news/articles/2018-08-02/apple-becomes-first-us-company-to-hit-1-trillion-market-value

In the background that Apple's market capitalization exceeded 1 trillion dollars (about 117 trillion yen), revenue in the third quarter of 2018 (Q 3) exceeded the analyst's forecast in some cases. Apple tends to decline in Q3, which is a time when it is hard to improve performance. However, in 2018 Q3 made the iPhone more expensive, the company succeeded in securing a large profit. According to Apple's Q3 financial results report on July 31, 2018, the stock price surged as a result of more than expected initial results, and the market capitalization quickly exceeded 1 trillion dollars It is seen as one.

Market changes are so intense that stock prices will soon fall and market capitalization may fall below 1 trillion dollars. However, Apple estimates that "the fourth quarter's performance will be better", so it is expected that the price will not drop significantly.

Apple became the first $ 1 trillion company in the US, but it is not the first company in the world to have a market capitalization of $ 1 trillion. The world 's first trillion dollar enterprise is China' s oil natural gas and it has been achieved in 2007. However, the company declined sharply as crude oil prices plummeted and stock prices also declined, markedly lowering market capitalization.

Also, at the time of writing the article, Amazon's market capitalization, which had good revenue in the third quarter, is getting close to $ 1 trillion.