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The Trillion Dollar Company : 5 Expert Opinions on Apple

On August 2, 2018, Apple stock price hitting the $207.5 mark to become the world’s first trillion dollar company. The critic might say – Apple is not the first trillion dollar company. It was PetroChina in 2007. But there are two issue here. Only 2% of the PetroChina was floated in the initial public offer, and second it was on “China’s” Shanghai Stock Exchange. There is a common factor among these two biggest companies. It is “Warren Buffett”. He made an investment in both the companies. Apple stock price jumped on the back of strong earnings results provided on July 31th. Apple provided its third quarter numbers for FY2018. It reported the Earnings Per Share of $2.34 which was above $0.16 above consensus expectations. The Company reported Revenue of $53.3 Billion (+17.4% yoy)¬†which was above $870 Million above consensus expectation. Below are the Top 5 Expert Opinions we found on Stockchase on the Apple Stock…. As of August 15th 2018, Apple had a 18.97 P/E Ratio. In comparison, Amazon has a 149.89 P/E ratio. While the market thinks Amazon will continue to grow faster than Apple, AAPL’s stock might still have some room to grow.

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