Not only was Apple the first company to reach a market value of one trillion dollars, the company recently passed that milestone (via Business Insider).
>$1T
Apple’s stock is trading high over 2% today which made the company surpass US$1 trillion. Some take this as an encouraging sign that Apple hasn’t been affected much by the U.S.-China trade war. Wall Street has issued price upgrades for Apple in the past few weeks.
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We’ve also seen strong demand for the iPhone 11 with Wedbush analyst Daniel Ives writing in a note to clients:
Despite all the perceived black clouds from being the poster child of the current US/China trade tensions, Apple is seeing a very strong iPhone 11 demand trajectory.
Apple shares are currently trading over US$234, which is a new record for the company.
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