Apple Inc has revealed it is worth nearly a trillion dollars after making a whopping $10.7billion in the last three months.
The news comes as the company released its latest financial results, which also says that Apple has more than $368billion in cash alone and the market capitalization crested to $900billion.
Apple earning per share will benefit by 77 cents in fiscal 2018 and 89 cents in fiscal 2019 if Congress lowers the corporate tax rate to 20 percent and interest expense becomes nontax deductible, according to CNBC.
Furthermore,Apple Is Worth Almost A TRILLION Dollars , helping allay investor concerns about production delays and supply constraints for the iPhone X, which it will start shipping tomorrow.
Apple opened pre-orders for the iPhone X on Oct. 27 and has said demand has been ‘off the charts,’ leading to fears of major shortages.
Apple shares rose 3.4 percent in after-hours trading to hit a fresh all-time high.
‘As we speak, the launch of iPhone X is underway,’ said CEO Tim Cook.
‘We’re working to get iPhone X into customers hands as quickly as possible.