On May 8, Apple became the first company ever to surpass $800 billion in market cap:
Not including the first 11,381 days it took Apple to go from $0 to $100 billion in value, Apple has added $100 billion in market cap, on average, every 519 days.
In fact, as of Friday, May 12, Apple’s market cap was $813.9 billion. This means that since May 30, 2007, after taking 31 years to reach $100 billion in market cap, Apple has been adding, on average, an astounding $196,390,646 in market every single day, seven days week, for the past 3,635 days!!
If Apple continues adding $196,390,646 a day, it will surpass $1 trillion in market cap in 948 days, which will be December 16, 2019.
Update: The first email I got post publishing this post was from a good friend who stated his disappointment in the lack of rigor in my analysis. He stated, correctly, that things don’t just go up because they have.
I couldn’t agree more. This prediction was totally in jest, and was just a premise to share the astounding fact that Apple has grown it’s market cap at a mind boggling $196 million a day for 10 years!
