Apple is officially now worth $800 billion USD, putting the company on track to become the world’s very first $1 trillion USD firm.
Somewhere in an exclusive Apple boardroom, CEO Tim Cook is sitting down with a wide grin on his face. In amongst the shuffling of papers, the squeak of iPad screens, and the haptic tap of an iPhone, all Cook needs to say is…
‘You know what’s cooler than $800 billion dollars? $1 trillion dollars.’
Thing is, that’s not an unlikely avenue of conversation this morning, as Apple’s stock has soared past the $800 billion USD market cap yesterday following the revelation of its quarterly results.
While Apple is now officially the first company on the US stock market to reach the market capitalization of $800 billion USD, a far greater goal is afoot – the company is now on track to become the world’s first $1 trillion USD firm.
Investors have rewarded Apple, considering that many analysts have predicted that the company’s forthcoming iPhone model will have the potential to be the most sizeable update the company has ever executed in its mobile range, notwithstanding the fact the company is now drawing profit from a more expensive product range.
Multiple Rumours have posited that an iPhone 8 – or iPhone Edition – will feature an edge-to-edge display, facial recognition capabilities, and potentially include a touch-sensitive ‘function area’ in lieu of the capacitive Home button that has dominated the handset from its first iteration until the iPhone 6s.
In afternoon trading yesterday, APPL squeezed past $153 USD per share – making Warren Buffet one happy son-of-a-gun indeed.
What are your thoughts? Can anything stop the Apple juggernaut, and can the company deliver the mobile phone both analysts, investors, and consumers alike are hoping for? Be sure to let us know your opinion in the comments below!