Thursday, November 2, 2017

Apple is just $100 billion away from being a trillion-dollar company


Tomorrow, we'll see how much the world loves the latest iPhone. Today, we'll have to settle for another spectacular report on Apple's revenue. 

Apple brought in $52.6 billion last quarter, a 12 percent increase from the year prior. The device manufacturer blew past analysts expectations of just over $50 billion. Its guidance for 2018 revenue also beats previous estimates. 

The company's happy news sent its stock up by more than 3 percent in after-hours trading and bumped its valuation to more than $900 billion — only $100 billion short of being the first $1 trillion company.  Read more...

More about Apple, Iphone, Tim Cook, Earnings, and Apple Watch

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