Apple has just become the world's first U.S company to break the valuation of USD 1 trillion. The iPhone manufacturer successfully reached the milestone after its stock value touched USD 207.04 per share.
In fact, a few hours ago, the value of its shares had been at the level of USD 208.38, making it the highest record for Apple to date., Apple shares have skyrocketed 20% during 2018.
Once again, Apple's financial report notes in the third quarter of 2018 Fiscal Year which beat various predictions to trigger the increase in its stock price to touch the figure of USD 207.04. Not only that, it promising performance in the future of the company from Cupertino, California is one of the reasons investors increasingly believe it
Wall Street estimates Apple can fly even higher. 13 analysts predict that the value of the shares of Tim Cook's company can exceed the $ 225 per share.
In fact, some other analysts say the value of Apple's stock can touch $ 275. If that becomes a reality, Apple's valuation can skyrocket to $ 1.3 trillion.
Until now, Apple's stock value is still at $ 207.39. It is estimated, when the stock market is closed, its value will slightly decline to $ 207.09, but still make their valuation at $ 1 trillion.
Analysts say that the company's software and service revenues that continue to grow are the reason for the increase in market capitalization. Apple's other revenue categories, which include the App Store, AppleCare, ApplePay, iTunes, and cloud computing services, posted record revenues of $ 9.55B in the quarter ended last June.
E-commerce giant Amazon followed Apple with the market capitalization that broke through $ 900B in July. Apple has exceeded that limit in November last year.
Until the close of trading on Thursday, Apple's shares have gained 22% so far this year and more than 30% in the past 12 months
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