Apple path to $1 trillion accelerates as consumers flock to pricey iPhones

Apple path to $1 trillion accelerates as consumers flock to pricey iPhones

Apple Inc. is inching ever closer to a $1 trillion market capitalization after its latest earnings beat. Using Apple’s most recently disclosed share count of 4.84 billion from the earnings report, Apple’s stock would need to trade at $206.49 for the company to achieve a $1 trillion valuation. “We believe Apple’s strong software capabilities, expanding services business and unique digital ecosystem at large will increasingly be appreciated by investors, driving Apple toward the $1 trillion market cap milestone,” wrote Monness, Crespi, Hardt & Co. analyst Brian White, who raised his price target to $275 from $235.

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