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Apple shares may hit $1 trillion mark post iPhone X launch

WorldNews Wednesday, 13 September 2017
Apple shares may hit $1 trillion mark post iPhone X launchAt around $830 billion, Apple Inc's stock market value on the day of its newest iPhone launch towers over its next-largest rival and has Wall Street asking: Will it be the first listed company to crack the Big T? If history is any guide, the unveiling on Tuesday of the iPhone X - the 10-year anniversary edition of Apple's ubiquitous device - signals that the $1 trillion milestone could well be breached within the year. Apple shares on average have gained around 33 percent in the year following each of its previous iPhone launch events, dating back to the first one on Jan 9, 2007. It has gained in the following year after seven of the 10 announcements while falling in three. From their...
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Source: Cheddar Inc. - < > Embed

News video: Can Apple Live Up to the iPhone Frenzy?

Can Apple Live Up to the iPhone Frenzy? 01:42

When will Apple's market cap hit the $1 trillion dollar mark, and can the new iPhone X help it get there? Angelo Zino, Senior Equity Analyst at CFRA, and Jan Dawson, Chief Analyst at Jackdaw Research, join Cheddar to talk about how the big Apple event in Cupertino will impact the stock. Rumors are...

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