Apple nears a $1 trillion market cap as it clears another quarter ahead of expectations

Apple nears a $1 trillion market cap as it clears another quarter ahead of expectations

6 years ago
Anonymous $oIHRkISgaL

https://techcrunch.com/2018/07/31/apple-nears-a-1-trillion-market-cap-as-it-clears-another-quarter-ahead-of-expectations/

Apple is inching closer and closer to becoming a $1 trillion company today after posting third quarter results that beat out what analysts were expecting and bumping the stock another few percentage points — which, by Apple standards, is tens of billions of dollars.

The company’s stock is up around 2.5% this afternoon after the report, which at a prior market close with a market cap of around $935 billion, is adding nearly another $20-plus billion to its market cap. A few quarters ago we were talking about how Apple was in shooting distance of that $1 trillion mark, but now it seems more and more like Apple will actually hit it. Apple is headed into its most important few quarters as we hit the back half of the year, with its usual new lineup of iPhones and other products and its accompanying critical holiday quarter.