The corporate crossed that threshold after it reported robust gross sales and income, and gave a wholesome outlook due to strong demand for its new iPhone X.
Is it on its strategy to turning into the primary $1 trillion firm within the U.S.? Apple would solely need to go up one other 11% or so to high the trillion greenback mark.
Shares of Apple (AAPL, Tech30) rose three% due to its blockbuster quarterly results. Buyers are clearly happy by the mostly good reviews for the iPhone X and the long lines of consumers across the globe desperate to get their fingers on the brand new cellphone.
Apple additionally wowed Wall Road with robust progress of its Mac computer systems, iPads and providers division. And the corporate has greater than $268 billion in money that it might use for future investments, greater dividends and greater inventory buybacks.
Apple’s shares are actually up almost 50% this 12 months, making it the most effective performers within the Dow. Nevertheless it’s not the one tech big that is posting eye-popping numbers.
Google proprietor Alphabet (GOOGL, Tech30) is up greater than 30% this 12 months. The corporate is now value greater than $715 billion. Microsoft (MSFT, Tech30) has surged 35% and has a market worth of almost $650 billion.
CNNMoney (New York) First printed November three, 2017: 10:31 AM ET