Stories

SaveSave story

Apple's march to a trillion

Illustration of Apple's logo, with the stem of the Apple resembling an upward stock arrow
Illustration: Rebecca Zisser/Axios

Apple is on track to become the first trillion dollar company in the world, with a $920 billion market cap and a cash pile of billions after $100 billion in expected stock buybacks.

The big picture: Warren Buffett thinks Apple is the best investment, including for Apple itself, and he recently upped his stake in the company to nearly 5%. Charles Munger, his business partner, backed him up, saying, "I think we've been a little too restrained ... I wish we owned more of it."