The first US company to hit the Capitalization milestone
The price of Apple moved above $207.04 and in the process, took the market capitalization to $1 trillion. Apple is the first US company to reach that lofty level. The price ticked up to $207.05. It has dipped after reaching the milestone and trades at $206.09 currently.
What makes it impressive is that Apple buys back a lot of its stock. Last quarter they bought back $21B. Since 2012 they bought back over $220B.
To put that into perspective, Boeing's market capitalization is about $204B. Twitter's market capitalization is $24B which is just a little more than the Apple buybacks last quarter (they bought back $23B in the 1st quarter and over $43B for the year).
That is impressive.
