Apple became the first company to reach $1 trillion. A few other companies are vying to join it.
Watch our video to find out far away they are.
But as a quick refresher, market capitalization is just the technical name for the the market value of a company's outstanding shares.
And to figure it out you just multiply the stock price and by the total number of shares outstanding.
So if a stock is at $10 and there are a million shares outstanding, then the market capitalization would be $10 million ($10 x 1 million shares). Pretty simple.
But its important to use the market cap to value the size of the company - not the actual stock price. Too many novices presume that the higher the stock price, the larger the company and that's just not true.
So do a little math.
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