Apple’s total Asset Market cap value is going to Reach $1 Trillion and this maks Apple to become Worlds 1 st Company to Cross $1 Trillion Market value.
Apple stock has more or less been on a tear in 2017, rising 38% and giving the company a current stock market value of over $820 billion.
Since Last year it increases the market cap from $573 Billion to $800 Billion. The largest tech company in the world and number three on the Fortune 500 list may be the first to reach a $1 trillion valuation.
The tech giant climbed to over $840 billion in September, an increase of more than 500% over the last ten years.
Apple has been steadily inching closer to a 12-zero valuation and the hotly anticipated iPhone 8 could help push closer to the line.
Apple said it sold 46.7 million iPhones in the fourth quarter ended September 30, above analysts’ estimates of 46.4 million, according to financial data and analytics firm FactSet.
The $US28.85 billion revenue from iPhone sales accounted for nearly 55 percent of total revenue, which rose 12.2 percent to $US52.58 billion.
In this case, Google’s holding company Alphabet is not too far behind, with a current market value of $648 billion and Amazon’s coming on strong, now valued at $478 billion.