Apple first US company to hit $1.5 trillion market cap
Image Credit: shortpedia
Apple has become the first US company that reached $1.5 trillion market cap and according to the investors and analysts, strong App Store sales, ARM chips-run Macs and a 5G iPhone this fall are the reasons for the surge in stock of the Cupertino-based iPhone maker. At a current price of $352 per share and 4.3 billion shares outstanding, Apple`s market cap hit around $1.53 trillion on Wednesday.