Apple is now worth a staggering $945 billion, driven in part by solid sales for the iPhone 8 and X, particularly in China and Japan, as well as a spike in revenue from its App Store. Shares for the company have risen almost 13% this year, which is much better than the overall market.
However, in order for the company to reach the $1 trillion mark, their stock would need to increase another 6% to around $202.30 a share. Apple would need to introduce some buzz-worthy new products to galvanize patronage and bolster their market valuation.
The tech giant’s sales have increased 16% throughout the first three months 2018, whilst also utilizing $267 billion in cash to boost their dividend and stock buyback program to reward investors.