Official announcements from Apple or major financial news outlets

Apple Hits New Record High with $3.84 Trillion Market Cap

Dec 18, 2024, 10:10 PM

Apple Inc. has reached a new milestone, becoming the first company to achieve a market capitalization of $3.8 trillion on December 17, 2024. The market cap further increased to a new record high of $3.84 trillion by December 18. At $3.82 trillion, Apple's financial metrics include a price-to-earnings ratio of 41.7, a forward P/E of 30, a PEG ratio of 5.21, a price to sales ratio of 10, a past five-year EPS growth of 15.4%, and a price to book ratio of 67.2. The company's market dominance is highlighted by the fact that it alone is worth more than 77% of the 3,705 US-listed companies combined, surpassing the market caps of companies like Walmart, Eli Lilly, JPMorgan Chase, Visa, Mastercard, and Oracle.