Business Corpus: Apple Within Spitting Distance Of $1 Trillion Market CapWith Apple stock back to record-high levels, speculation is rising that the consumer-electronics giant soon could become the first company to reach a market value of $1 trillion. The post Apple Within Spitting Distance Of $1 Trillion Market Cap appeared first on Investor's Business Daily.

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With Apple (AAPL) stock back to record-high levels, speculation is rising that the consumer-electronics giant soon could become the first company to reach a market value of $1 trillion.

Apple stock on Friday broke out of a double-bottom base with a buy point of 179.04 after Warren Buffett's Berkshire Hathaway (BRKB) increased its stake in the iPhone maker.

In intraday trading on the stock market today, Apple hit an all-time high of 184.25, giving it a market capitalization of about $935 billion. Its previous all-time high was 183.50, reached on March 13. Shares ended the regular trading session near the top of their range, at 183.83, jumping 3.9%.

How Close Is Apple?

With about 5.07 billion shares, Apple stock would need to hit 197.24 to claim a $1 trillion market cap. That means Apple shares would need to rise 7.4% above its current record high to reach the milestone.

Other companies in the hunt for the $1 trillion market cap prize include Amazon.com (AMZN), Microsoft (MSFT) and Google parent Alphabet (GOOGL). The three are far behind Apple, though.

Amazon has a market cap of around $765 billion. Microsoft is worth about $724 billion. Alphabet shares now are valued at roughly $719 billion.

The post Apple Within Spitting Distance Of $1 Trillion Market Cap appeared first on Investor's Business Daily.