Will Tim Cook Push Apple To $1 Trillion Market Cap With Next IPhone?
Apple Inc. became the first U.S. Company to top the $800 billion mark in market capitalization yesterday, slightly more than two years after it crossed the $700 billion threshold. The iPhone maker’s shares have gained 33 percent this year and almost 50 percent since the U.S. election in November.
Under President and CEO Tim Cook, Apple became the most valuable, most profitable, and most well-known company in the world. Apple is now expected to hit the $1 Trillion mark as investors bet the next iPhone will spur a resurgence in sales. BM