Apple eyeballs that $1 trillion mark

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Apple eyeballs that $1 trillion mark
By Rachel Kaser


Apple today posted its third quarter results, and the company’s massive growth continues unabated. Assuming this continues, it could become the first American company to be worth $1 trillion. Based on the company’s report, the iPhone and Apple services represented the largest growth in revenue for the company. Overall, the company is currently worth $935.3 billion, and stock would only need to rise about 7 percent for it to hit the 12 zero milestone. Since the company is planning to release a veritable smorgasbord of new iPhones soon, including a relatively cheap $550 model — assuming the rumors are true — it’s possible this year’s showing…

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August 1, 2018 at 05:12AM
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