The definition of a 3 trillion dollar company is a company with a 3 trillion dollar market cap. Market cap is shares outstanding times the last price shares we

The definition of a 3 trillion dollar company is a company with a 3 trillion dollar market cap. Market cap is shares outstanding times the last price shares were traded at. The right question is “Are shares of Apple overvalued, fair-valued, or undervalued?” Apple currently has a total annual yield of 3.5% which is 2.9% from share buybacks and 0.6% from dividends. It’s P/E is 32 and it’s revenue growth rate last year was allegedly 28%. It used to have a P/E of between 10-15 but the Nasdaq 100 index has a P/E of 30. This leads me to believe Apple is fairly valued relative to it’s peers but it’s more shareholder friendly that it’s peers because of share buybacks, dividends and voting rights. I believe the 3 Trillion dollar market cap is justified and that neither scares me nor encourages me. Most people are better-off because of Apple’s contributions to the world —- shareholders, consumers, and employees. Warren Buffett says it’s far better to be invested in U.S. companies that have exposure to China rather than any Chinese companies directly. He also likes companies with a large cash position. Apple is both of those two things. In a flight to safety, Apple shares may actually go up instead of down. My biggest concern for Apple is the recent, repeated IOS Zero-day software exploits.