Apple’s shareholders have, collectively, decided that they would rather hold Apple stock than have a trillion of today’s dollars shared between them. A trillion

Apple’s shareholders have, collectively, decided that they would rather hold Apple stock than have a trillion of today’s dollars shared between them. A trillion dollars with which they could do all sorts of other things. But no, they would rather own a slice of the future of apple. To the question, ‘which would you rather have: a trillion US dollars cash, or ownership of apple?’, the market has said ‘apple’ So... yes, that is what apple’s ‘worth’.