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Technology

Race to $1 trillion: Apple’s magic number is $207.05 a share

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By Steven M. Peters Updated Published

Not that it matters.

 

From Bloomberg:

As of Wednesday, the price that would crown the iPhone maker the first U.S. company to surpass the milestone is $207.0425 a share. Anything above that — most likely, a trade at $207.05 — and the wait is over.

The new number came by way of Apple’s quarterly 10Q filing, published Wednesday and listing 4,829,926,000 shares as of July 20. After several days in which the tally moved around as the count was updated, this one should hold.

My take: Yahoo Finance, Techcrunch, Seeking Alpha and Apple’s own Stocks app jumped the gun. Someone forgot to update their share count.

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