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iPhone X: Will the $1,000 phone help Apple cross the $1-trillion milestone?

Of the 38 Wall Street analysts covering Apple, two already have price targets for the stock that see it driving above the $1 trillion level

Dan Burns 

At 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 per cent in the year following each of its previous iPhone launch events, dating back to the first one on ...

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First Published: Thu, September 14 2017. 01:39 IST