If you thought pundits’ claims that “Apple can’t innovate anymore,” or rumored production delays for the upcoming iPhone 8 had CEO Tim Cook worried or were hurting investors’ views of the company, well, you’d be wrong. Apple reported stellar financials yesterday for what is usually their weakest quarter, and the tech juggernaut is steadily inching towards becoming the first trillion dollar company.
Apple stock opened at nearly $160 a share this morning, putting their market cap above $800 billion. Even with interest in the iPhone 8 at a fever pitch, the company was still able to boost sales of current iPhones beyond most expectations. With a tidal wave of sales expected for the iPhone 8, Apple’s entry into the smart home hub market, and a stated focus on augmented reality tech, it’s not a stretch to predict that Apple will top the trillion dollar mark very soon. More:
Google Pixel 2 phone cases:
IBM data density breakthrough:
SUBSCRIBE FOR THE LATEST VIDEOS
VISIT DIGITAL TRENDS
DT Daily:
DT Originals:
DT Podcasts:
FOLLOW US!
