Apple has a market cap of $948.6 billion
Apple (AAPL) has a market cap of $948.6 billion. We have already learned that the company’s stock price has risen close to 15% this year. If it beats earnings and revenue estimates in the fiscal third quarter, little more than a 5% jump in its share price would be required for it to reach a market cap of $1 trillion.
Comparatively, the other top companies in terms of market cap include Amazon (AMZN), Google (GOOGL), Microsoft (MSFT), and Facebook (FB) with market caps of $887.6 billion, $857.3 billion, $827 billion, and $621 billion, respectively.
Amazon is announcing its earnings results on July 26, and the company will require its share price to rise by ~11% for it to reach the $1 trillion mark.
Apple maintains the second-place spot on the Brand Finance list
The Brand Finance US 500 2018 has ranked the most valuable brands in the country this year. Amazon tops the list, as its brand value has risen 42% to $150.8 billion. Apple is in the second-place spot, as the company’s brand value has risen 37% to $146.3 billion. Google, which has seen a rise of 10% in its brand value to $120.9 billion, is in third place.
Apple secured the top position in this list between 2012 and 2016.
Pfizer (PFE) announced on July 24 that it will build a sterile injectable production facility in Portage, Michigan.
Coca-Cola (KO) impressed investors with better-than-expected revenue and earnings for the first quarter.
Microsoft (MSFT) announced this month that it had acquired a San Diego startup called Express Logic for an undisclosed amount.
Spirit Airlines is scheduled to report its first-quarter results on April 25. The airline has an impressive record of beating earnings estimates.
On April 23 before the market opened, legacy motorcycle maker Harley-Davidson (HOG) reported its first-quarter earnings results.
Williams Companies (WMB) is scheduled to release its first-quarter earnings on May 1 after the market closes.
McDonald’s (MCD) is set to report its first-quarter earnings before the market opens on April 30.