I am trying to calculate market cap based on outstanding shares and stock price for AAPL. I go to Yahoo Finance,
Quarterly view for 2019 Q4 says "Common Stock" is 45,972,000 (in thousands). AAPL stock price that day was 247.74 per share. Then I do
45972000*1000*247.74 / 1e12
I get 11.38 trillion. But Yahoo's key statistics page
is showing 1.13 trillion. ??. What have I missed? The literature talks about Shares Outstanding, which is shown on the key statistics, but I want to calculate it based on the balance sheet only.