https://techcrunch.com/2017/11/02/apple-delivers-on-its-much-hyped-promise-to-wall-street-in-spades/

As Apple looks to set itself up to Wall Street as the de-facto standard of what a smartphone can — and should — look like as consumer demand evolves over time, it was able for the large part to deliver on that claim as it showed up with a big beat in the fourth quarter.

Apple had already set the tone going into this quarter that things were going to be better than what industry observers had expected. And briefly, after the report, Apple’s market cap rose above $900 billion. Ever since it gave that sign to Wall Street, it seemed like Apple is primed to chase a market cap of $1 trillion with a next-generation smartphone to ignite new demand and a portfolio of products that lock people into using that smartphone.  It’s had an impressive run up this year, rising nearly 50% before this report came out.