iPhone 11 Launch Aftermath: Apple Crosses $1 Trillion Cap Breezily Early In Day

iPhone 11 Launch Aftermath: Apple Crosses $1 Trillion Cap Breezily Early In Day

5 years ago
Anonymous $4ckUSNo_FL

https://wccftech.com/apple-iphone-1-trillion-market-capitalization/

After the iPhone 11’s launch, Apple has crossed 1 trillion market capitalization easily. The company’s stock soared to its 52-week high price a day after the iPhones 11, iPad 7 and Apple Watch 5 were introduced last week. Taking an extensive look at what the three iPhone 11s have to offer shows that Apple has made only a handful of upgrades. These changes are overshadowed with a design language unable to shake off the iPhone X’s appearance. Apple has forsaken aesthsetic, and it has diverted these efforts to microprocessors.

In fact, Apple’s September iPhone event was the first in the smartphone’s history to highlight power management built right into its processor’s microarchitectural layout. The market, it seems is impressed by the changes on the iPhones as Apple has once again broken $1 trillion today. The company’s old rival Microsoft, buoyed by more shares outstanding, has been sitting at the trillion-dollar mark comfortably for the past three months.