Apple’s trillion-dollar cap
- Author:Ella Cai
- Release on:2017-08-10
Could Apple become the first public company to achieve a market cap of $1trillion?
Ahead of its expected September launch date for the iPhone 8 – a phone billed to demonstrate significant innovation – Apple’s market cap is $815 billion.
A compelling new phone which gains an enthusiastic market reception could push that to $1 trillion.
The company’s market cap increased by $56 billion after it announced calendar Q2 earnings last week.
Apple’s shares currently cost $176 – another $15 on the price will push the market cap to a trillion.
In Q1, Warren Buffet practically tripled his holding of Apple shares to $19 billion which suggests he sees upside potential.
Ahead of its expected September launch date for the iPhone 8 – a phone billed to demonstrate significant innovation – Apple’s market cap is $815 billion.
A compelling new phone which gains an enthusiastic market reception could push that to $1 trillion.
The company’s market cap increased by $56 billion after it announced calendar Q2 earnings last week.
Apple’s shares currently cost $176 – another $15 on the price will push the market cap to a trillion.
In Q1, Warren Buffet practically tripled his holding of Apple shares to $19 billion which suggests he sees upside potential.
