Apple’s juggernaut shows no sign of slowing down, even as it closed a record breaking quarter with profit growing to $11.5 billion mark.
The company’s expected to hit the magical trillion dollar valuation mark anytime now, but it may have started the party a little too soon.
Stock app screenshot
You see according to several reports, Apple’s share price needs to hit $207.04 for “the company to cross the trillion-dollar threshold” mark.
But as can be seen from the screenshot above, Apple’s iOS Stock app started the company as a “trillion dollar” entity even at a lower stock price of $205.6.
Reuters
No doubt, this will bring a smile to Android fanboys, who think Apple’s iPhones are grossly overpriced and no longer cutting edge. But that very pricing strategy makes Apple one of the most profitable company in the world, one with the highest market cap.
As we file this copy, Google’s stock tracking shows Apple stock trading at $206.66. It’s only a matter of time before Apple has the last laugh on the trillion dollar tag.