While people spend more than $1,000 for the right to eventually get an iPhone X( as well as sell that right to eventually get an iPhone X for more than $1,500 ), we’re find Apple is doing a pretty good job of defining the stage as to whether it can make its case to Wall Street that it can be a$ 1 trillion company.
We’ve noted before that quarterly financial reports from companies are, generally, the moments that consistently swaying stock costs for companies. And while Apple is hoarding a ton of money, its future depends on the success of the iPhone — and, in particular, the iPhone X. While it is rolling out an update of the iPhone 7 in the form of the iPhone 8, the iPhone X represents Apple’s interpretation of the true next generation of that slate of glass in your pocket that controls your connection to the rest of the internet.
With that in mind, Apple in its last fiscal one-quarter signaled that it might have a better-than-expected third quarter — something which, again, caused Wall Street to tweak its models and aimed up with a pretty significant spike in Apple’s stock price. On the year, it’s been on quite a operate, up more than 40% 😛 TAGEND