Apple Gets Insanely Close to Becoming First $1 Trillion Company
Apple has long been projected to become the world’s first company worth $1 trillion, and by the looks of things, the Cupertino-based giant has jumped insanely close to reaching this historical milestone.
On Monday, APPL stock reached $187.60 per share in morning trading hours, pushing the company to a total market value of $945 billion. This is $55 billion behind the $1 trillion milestone that Apple is heading towards, and which is expected to finally be touched later this year, most probably after the launch of the 2018 generation of iPhones.
By the end of the day, stock price declined to bring Apple market cap down to $904.4 billion, but a new increase is expected on Tuesday morning.
What’s behind Apple’s growth?
The first half of 2018 was originally forecasted to contribute to a substantial decline for Apple amid weak sales of the iPhone X, the company’s a… (read more)
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