Apple is worth over $1,000,000,000,000
Applewon the race to $1 trillion in market capitalization. Following this week’s earnings release, Apple shares (NASDAQ:AAPL) are now trading at 9, which values the company sightly over $1 trillion.
While the smartphone market is more or less saturated, Apple managed to increase its margins and the average selling price thanks to the iPhone X.
iPhone sales grew by 1 percent, but revenue jumped by 20 percent. With $53.3 billion in revenue, the company managed to grow by 17 percent year-over
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