Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 24, 2018. REUTERS/Jason Lee - RC1F7D1075E0

Apple’s trillion-dollar magic number was $207.05

$207.05

Apple stock keeps reaching new heights—and will likely keep growing—but the magic number it needed for its $1 trillion market cap was just $207.05.

Published   |  Photo by Reuters/Jason Lee
Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 24, 2018. REUTERS/Jason Lee - RC1F7D1075E0
$207.05

The long ride through the market is a major windfall for early investors, from billionaires to average Apple believers. Many have held their shares for decades.

Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 24, 2018. REUTERS/Jason Lee - RC1F7D1075E0
$207.05

As Apple’s insane wealth grows, it’s also a tide that lifts other boats across the market: The Dow gained 100 points once the iPhone maker hit $1 trillion.

Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 24, 2018. REUTERS/Jason Lee - RC1F7D1075E0
$207.05

Apple’s annual dividend payout

Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 24, 2018. REUTERS/Jason Lee - RC1F7D1075E0
$207.05

One major question now is where Apple will top out—and how long it takes for rivals like Amazon, Microsoft, and Alphabet to catch up.

Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 24, 2018. REUTERS/Jason Lee - RC1F7D1075E0
$207.05

Perhaps a $2 trillion market cap isn’t that crazy. Analysts have repeatedly debated whether Apple stock is overvalued, but the trajectory argues otherwise.

Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 24, 2018. REUTERS/Jason Lee - RC1F7D1075E0
$207.05

Apple’s stock

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