Will Apple become the worlds 1st Trillion dollar company?
Apple’s earnings have been rising more than expected mostly due to the success of the the launch of its new iPhone X, expecting Apple to be a $1 trillion company next year.
“”It all comes down to the success and elongated demand trajectory of iPhone X over the coming quarters to determine if Apple finally ends up joining the elusive trillion dollar market cap club in 2018, in our opinion,” Ives said in the note.”
The launch of the $1,000-smartphone iPhone X could mean a lot of Apple’s stocks. The company’s shares could vary between $210 and $230 by next year.
While many have criticized the high price of $1,000 consider that in 1996 the Motorola Razor also sold for close to $1,000 and that was twenty plus years ago.
Is Apple’s future truly dependent on a single product, namely the iPhone?
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