Apple Becomes First US Company to Top $800 Billion Mark in Market Capitalization. It has been revealed on Tuesday by Reuters.
This success is totally related to the Apple’s iPhone 7 and 7 Plus sale this year which has crossed 33 percent and around 50 percent in only US after the election ended in November, 2016.
Apple Becomes First US Company to Top $800 Billion Mark in Market Capitalization
Apple represents around 4% of $21.7 trillion that overall makes up S&P 500 index, stated by the Reuters. The entire stats can be checked here: Reuters
“It’s just reflective of how powerful a franchise it is. It may be the most powerful franchise in the country today.”
Said Rick Meckler, who is the president of “LibertyView Capital Management” and his firm doesn’t own the stocks.
It is expected that if Apple remain continue with this growth, it will top up to ‘$1 trillion’ market cap level at the end of 2017.