Apple Inc. close to $1 trillion valuation after iPhone X launch

On the heels of iPhone X launch, Apple Inc’s shares rose to a record high on Friday, briefly breaching $900 billion in market value and setting off expectations that the stock may hit a trillion-dollar valuation soon. If it happens, Apple will be the first company in the world to reach such a summit. On Friday, Apple stock rose as much as 3.7 percent to $174.26, gaining nearly $32 billion in market capitalisation. “We see iPhone X unlocking pent-up iPhone upgrades, especially in China, driving more than 20 percent iPhone…

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