Apple Worth $900 Billion In Value, Could Become First Corporation to Hit $1 Trillion Mark
By Fox Business // November 8, 2017
ABOVE VIDEO: How the iPhone X could make Apple a $1 trillion company. (Business Insider Video)
(FOX BUSINESS) – It’s official, Apple’s (AAPL) market cap is worth a staggering $900 billion as of mid-day Wednesday putting the tech-giant on the path to become the first corporation to hit the $1 trillion mark.
The $175.30 per share price got Apple over the goal line for this latest milestone and the next key level to watch is $194.77.
Driving Apple’s recent leg higher was the company’s expectation topping fourth quarter earnings, as well as its new product launches including the iPhone X which has been met with positive buzz heading into the key holiday selling season. Separately, the company is reportedly working on an innovative new product to follow the iPhone; an augmented-reality headset, which could ship by 2020, according to Bloomberg.
Earlier this month, CEO Tim Cook made his view on AR clear.
“We believe AR is going to change the way we use technology forever” he said on the company’s earnings conference call.
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