Apple is now worth a staggering $945 billion, driven in part by solid sales for the iPhone 8 and X, particularly in China and Japan, as well as a spike in revenue from its App Store. Shares for the company have risen almost 13% this year, which is much better than the overall market.
However, in order for the company to reach the $1 trillion mark, their stock would need to increase another 6% to around $202.30 a share. Apple would need to introduce some buzz-worthy new products to galvanize patronage and bolster their market valuation.
The tech giant's sales have increased 16% throughout the first three months of 2018, whilst also utilizing $267 billion in cash to boost their dividend and stock buyback program to reward investors.
In other Apple news, the California-based company has introduced a new anti-tracking feature for their Safari browser that takes a direct hit at Facebook. During their annual Worldwide Developers Conference, VP of software Craig Federighi notes how "we’ve all seen these like buttons and share buttons. Well it turns out, these can be used to track you, whether you click on them or not. So this year, we’re shutting that down." He then tests this new feature by asking the crowd "do you want to allow facebook.com to use cookies?" which is a not-so-subtle jab at the Mark Zuckerberg-owned conglomerate, who recently experienced public backlash for breach of trust following the revelation of data mining by Cambridge Analytica.
