Posted August 7, 2018

Trillion Dollars

Chart of the Week - to a Trillion and beyond!
by Mike Hayhoe

The big news this week was Apple hitting a Trillion $ market cap- the first US listed company to hit that milestone. Below is a great chart showing some of the highlights along the way.

Probably the biggest factor unappreciated factor in Apple hitting that number ahead of Amazon is the massive share buyback program they initiated back in 2012.

Over the last 5 years they have bought back almost $220 BILLION of their stock, returning cash to shareholders. No other company has bought more of their shares. Globe Article. This is not necessarily a bad thing, however a lot of companies have issued massive amounts of cheap debt to do this. Apple generates so much cash from us buying their crazy expensive iPhones that they can fund the majority of this with cash on hand.

The other big factor for their success would be this. 12.

And though Apple only has ~14% of the global smart phone market, they garner ~87% of the profits.

From Scott Galloway: “Apple commands 14% of the global smartphone market, and the rest is (mostly) Android. However, Apple garners 87% of the profits from the smartphone market. Consumers have two choices, spend a ton of disposable income on a luxury item or get a phone for free and have your data/privacy compromised.

and ...

Beware of Business headlines, – remember their job is to get you to buy the magazine - Exchange Magazine excepted – not too give you an objective look at things. This one below is from February 1996

Mike Hayhoe is Branch Manager & Senior Investment Advisor at Independent Wealth Management Canaccord Genuity Wealth Management, 4281 King Street East, Unit E, Kitchener, ON N2P 2E9 is distributed twice weekly; Tuesday and Thursday

Not a Subscriber? Receive more articles on business issues
Sent directly to your email in-box.

contact us

Publisher is Exchange Business Communication Inc.
No part of this article may be reproduced without written permission from the publisher.
Email Publisher

ISSN 0824-45
Copyright, 2018

Share Your Story: pressrelease @
Expand Your Reach:
advertise @
Publisher: Exchange Business Communication Inc., PO Box 248, Waterloo, Ontario, Canada
Email Editor

Content published on this site represents the opinion of the individual, organization and/or source provider. is a online daily journal of Exchange Business Communication Inc. (1997) Publishers of Exchange Magazine est. 1983. Privacy Policy. Copyright of Exchange produced editorial is the copyright of Exchange Business Communications Inc. 2018. Submitted editorials, comments and releases are copyright of respective source(s).