To Become $1 Trillion Company, Apple Needs Its Stock to Hit $207 Mark
Aug. 2, 2018For Apple to reach a market capitalization of $1 trillion, its stock must cross $207.
The Cupertino-based iPhone maker updated its share count to 4.83 billion (as of July 20) at the end of trading on Wednesday which translates into nearly $973 billion in market cap.
If the tech giant hits the $1 trillion market cap level, it would be the first US corporation to reach the milestone.
According to media reports, the stock nosedived after China announced key economic policy shifts in the last decade that did not go well with PetroChina.
The company reportedly aims to introduce at least three new iPhone models soon which may include a considerably larger version of the iPhone X and a less expensive version.
When the new iPhones are announced and building on the momentum, Apple has a sureshot chance to become a $1-trillion company.
