Question of the Day: Which company was the first to reach a stock market value of $3 trillion in January of 2022?
Answer: Apple
Questions:
- Why do you think that Apple is such a valuable company?
- How easy or difficult do you think it will be for Apple to continue to grow their market value? Explain.
- Math: Stock market value is calculated based on the stock price multiplied by the number of shares outstanding. If Apple’s value is $3 trillion and the stock price is about $182, how many shares are outstanding?
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Reuters):
Apple Inc (AAPL.O) on Monday became the first company to hit a $3 trillion stock market value, before ending the day a hair below that milestone, as investors bet the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality.
On the first day of trading in 2022, the Silicon Valley company's shares hit an intraday record high of $182.88, putting Apple's market value just above $3 trillion. The stock ended the session up 2.5% at $182.01, with Apple's market capitalization at $2.99 trillion.
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See how your students fare in this Interactive: Beat the Market on Tech IPOs
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What other resources does NGPF have on Investing? Check out the NEW! Search results.
About the Author
Tim Ranzetta
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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