Apple’s value has risen above $900 billion after Wednesday’s trading, away from Alphabet, Google’s parent company.
There have been many predictions about Apple’s $1 billion worth of dates, and that moment is coming very close.
After the end of the November 8 session, Apple’s total value exceeded 900 billion dollars.
Meanwhile, No. 2 still belongs to Alphabet, the parent company of Google, with $728 billion.
Apple has had a very good run in the past few months, as its stock jumped 52 percent from a year ago.
Forecast for last month, Apple will make $84 million profit.
The record growth of Apple is said to contribute greatly by iPhone X. This is the highest priced smartphone ever.
The company profits up to 64% of retail price.
Growing margins and good sales signals for the iPhone X during the year-end shopping season could put Apple ahead of the $1 trillion mark in 2017.